Brief
~$2.6B+ in tokenized products including OUSG, USDY, and Ondo Global Markets (200+ tokenized stocks on Solana). Building Ondo Chain for vertical integration. Selected May 4, 2026 to DTCC's Industry Working Group on tokenization, alongside BlackRock, Goldman Sachs, JPMorgan, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE Group, Circle, Fireblocks, Robinhood, and 40+ others. DTCC plans limited production trades July 2026, full service launch October 2026.
Recent activity
Latest moves on the changelog feed.
- 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.
- 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.
Flow
Capital, products, and distribution moving outward.
Dependency
Where this player builds on, integrates, or relies on others.
- ChainlinkIntegratesCCIP for settlement, Price Feeds for tokenized stocks
- Ondo ChainBuilds onPrimary chain
- StellarBuilds on
- SolanaBuilds on
- JPMorganIntegratesSettlement integration
- Ondo Global MarketsIntegratesProduct 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
