Comparing

Securitize
Issuance

Securitize

DS Protocol was the moat. The FINRA broker-dealer approval is the second moat. Every major tokenized fund runs through them, and now they're the only firm with the full IPO stack onchain inside one regulated entity.

Ondo Finance
Issuance

Ondo Finance

Already distributes $2.6B+ across 11 chains. Now sitting at the DTCC table where the rules for the $114T US capital markets get drawn. Building its own L1 was always a vertical integration bet. The DTCC seat is the second.

7 shared34/28 distinct3y span
SwapChange SecuritizeChange Ondo Finance
01 /

Snapshot

Side-by-side stats and metadata.

Status
Securitize
active
Ondo Finance
active
Asset classes
Securitize
TreasuriesPrivate creditEquities
Ondo Finance
TreasuriesEquities
Token standards
Securitize
erc-3643, erc-1400
Ondo Finance
erc-20, eip-4626
Regulatory
Securitize
sec-reg-d, sec-reg-s
Ondo Finance
sec-reg-d, sec-reg-s
Jurisdiction
Securitize
US
Ondo Finance
US
02 /

In common

Players that both Securitize and Ondo Finance connect to.

03 /

Distinct

Each player's exclusive network.

04 /

Timeline

Both histories interleaved by year. Newest first.

2026

  1. MayOndo Finance
    First cross-border, cross-bank OUSG redemption settled on XRPL with Ripple, Mastercard MTN, and Kinexys by J.P. Morgan
  2. MaySecuritize
    Live onchain regulated equities trading with Jump PropAMM + Jupiter on Solana
  3. MaySecuritize
    First regular FINRA broker-dealer for tokenized securities custody
  4. MayOndo Finance
    Ondo → DTCC Industry Working Group. Sits with BlackRock, Goldman, JPMorgan, Franklin Templeton, Morgan Stanley, BofA, Citadel, NYSE, Circle, Fireblocks, Robinhood designing the rules for tokenizing...
  5. AprSecuritize
    Securitize → Kamino. sToken (sACRED) DeFi integration on Solana.
  6. MarSecuritize
    NYSE MOU. First digital transfer agent for NYSE Digital Trading Platform

2025

  1. OctSecuritize
    $1.25B SPAC merger with Cantor Equity Partners II announced. Will list on Nasdaq as SECZ. Closes H1 2026
  2. MarSecuritize
    Hamilton Lane, KKR tokenized via platform
  3. JanOndo Finance
    Ondo Global Markets announced

2024

  1. SepSecuritize
    Crossed $3B tokenized AUM
  2. MarSecuritize
    BlackRock BUIDL via Securitize
  3. FebOndo Finance
    Crossed $300M AUM

2023

  1. AugOndo Finance
    Launched USDY on Ethereum
Open Securitizein graph →Open Ondo Financein graph →