Brief
Issuer of OUSG, USDY, and Ondo Stocks (formerly Ondo Global Markets). Its January 2026 Solana launch included 200+ tokenized US stocks and ETFs. Joined DTCC's Industry Working Group in May 2026. DTCC completed its initial DTC-tokenized production trades July 15, with service launch targeted for October 2026. On July 27, Ondo introduced Ondo Network, an execution layer already powering Ondo Perps, evolving beyond the original Ondo Chain plan.
Primary sources
Checks cover the claims listed below. Other details may still need review.
- Ondo launches tokenized stocks on Solana (opens in a new tab)
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- 200+ US stocks and ETFs at the January 21, 2026 Solana launch
- DTCC industry working group (opens in a new tab)
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- May 4, 2026 working group includes Ondo Finance
- DTCC completes live production trades (opens in a new tab)
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- DTC-tokenized production trades completed July 15, 2026
- October 2026 service launch remains a target
- Token conversions used Besu and Canton
- Ondo introduces Ondo Network (opens in a new tab)
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- July 27, 2026: Ondo Network supersedes the proposed Ondo Chain architecture
- Execution layer live with Ondo Perps; not a standalone blockchain
- Ondo: scope of SEC no-action request (opens in a new tab)
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- April 13 request concerns a specific recordkeeping model; Ondo products remain non-US tokenized notes, not direct shares.
- A submitted request is not an SEC approval.
- SEC: published Ondo submission (opens in a new tab)
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- Regulator's page confirms receipt/publication of the April 13 written request, not grant of relief.
- Ondo: USDY live on Tempo (opens in a new tab)
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- August 27 USDY launch on Tempo; eligible non-US users and businesses.
- Ondo: SBI Group partnership (opens in a new tab)
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- July 16 partnership roadmap covers Japanese assets, SBI distribution and JPYSC settlement/collateral.
Recent activity
Latest moves on the changelog feed.
- Jul 16, 2026WIRED
Ondo and SBI Group announced plans to tokenize Japanese assets, distribute Ondo products through SBI and use JPYSC for settlement and collateral. This is a partnership roadmap, not confirmation that all products are live.
- May 18, 2026WIRED
Ondo Global Markets → Chainlink + Euler. Chainlink Price Feeds now live for SPYon, QQQon, TSLAon and the rest of Ondo's tokenized stocks on Ethereum. Euler is the first lending market to accept them as DeFi collateral on this rail.
- May 4, 2026WIRED
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 the $114T DTCC custody base. Production trades July 2026, service launch October 2026.
Snapshot
Key terms and identifiers.
- Asset classes
- Treasuries, Equities
- Token standards
- erc-20, eip-4626
- Regulatory
- sec-reg-d, sec-reg-s
- Jurisdiction
- US
- Analytics
- app.rwa.xyz/issuers/ondo-finance
Milestones
How this player got here.
- Aug 2026USDY launched on Tempo for eligible non-US users
- Jul 2026Introduced Ondo Network, evolving beyond the original Ondo Chain plan
- Jul 2026Announced SBI partnership for Japanese assets, distribution and JPYSC settlement
- May 2026Ondo Global Markets → Chainlink Price Feeds + Euler. Tokenized stocks (SPYon, QQQon, TSLAon) now have Chainlink Price Feeds on Ethereum, unlocking them as DeFi collateral. Euler the first lending venue to accept them on this rail.
- May 2026First cross-border, cross-bank OUSG redemption settled on XRPL with Ripple, Mastercard MTN, and Kinexys by J.P. Morgan
- May 2026Ondo → DTCC Industry Working Group. Sits with BlackRock, Goldman, JPMorgan, Franklin Templeton, Morgan Stanley, BofA, Citadel, NYSE, Circle, Fireblocks, Robinhood designing the rules for tokenizing...
- Jan 2025Ondo Global Markets announced
- Feb 2024Crossed $300M AUM
- Aug 2023Launched USDY on Ethereum
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
- ChainlinkIntegratesCCIP for settlement, Price Feeds for tokenized stocks
- Ondo NetworkBuilds onOndo Network execution infrastructure
- StellarBuilds on
- SolanaBuilds on
- JPMorganIntegratesSettlement integration
- Ondo StocksIntegratesProduct suite
- Deutsche Börse GroupIntegratesTokenized stocks via Clearstream + 360X (EU)
- LayerZeroIntegratesBridge provider
- EthereumBuilds onPrimary chain
- FireblocksIntegratesWallet infrastructure
- AptosBuilds on
- ArbitrumBuilds on
- XRP LedgerBuilds on
- BUIDLIntegratesOUSG reserves in BUIDL
- MastercardIntegratesOUSG on Multi-Token Network
- AvalancheBuilds on
- MantleBuilds on
- SEIBuilds on
- SuiBuilds on
- InjectiveBuilds on
- Plume NetworkBuilds onPrimary chain
- EulerIntegratesTokenized stocks accepted as DeFi collateral via Chainlink Price Feeds
