# Ondo Finance Becomes the Largest Provider of Both Tokenized Treasuries & Stocks, Surpassing $2.5 Billion in Total Value Locked

Published: 2026-01-23T16:15:00.000Z

Author: Ondo Finance

Tags: Announcement

URL: https://ondo.finance/blog/ondo-becomes-largest-tokenized-stock-treasury-provider

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Ondo is now the #1 provider of tokenized Treasuries by TVL, asset holders, and partner integrations 
Ondo tokenized stocks surpass $500M in TVL, exceeding all other platforms combined, with over $7B in cumulative volume in less than 6 months since launching in September
Ondo products are also the most widely held across categories, with user numbers in the tens of thousands, and feature the largest number of DeFi integrations
Growth is driven by accelerating adoption across platforms and chains including Bitget, Binance Wallet, Solana, Ethereum, BNB Chain and more.

Ondo Finance, a leading platform for tokenized real-world assets, announced today that it has surpassed $2.5 billion in total value locked (TVL) across its tokenized products, cementing its position as the largest platform for both tokenized U.S. Treasuries and tokenized stocks, per RWA.xyz & DefiLlama.
Market Leadership in Tokenized U.S. Treasuries
Ondo now leads the tokenized Treasury market with approximately $2 billion in TVL across its two products, the highest of any tokenized asset provider. This growth is driven by USDY, Ondo’s permissionless tokenized Treasury product, which has surpassed $1 billion in TVL. USDY is available across nine blockchains, enabling global (non-U.S.) individual and institutional investors to access a stablecoin-like experience combined with yield.

In parallel, OUSG, Ondo’s flagship institutional fund, has grown to over $770M in TVL, offering 24/7 subscriptions and redemptions, daily interest accrual, low fees, and multi-chain support across Ethereum, Solana, XRP Ledger, and Polygon. Its portfolio spans tokenized funds from leading asset managers, including Fidelity (FDIT), BlackRock (BUIDL), Franklin Templeton (BENJI), WisdomTree (WTGXX), and Wellington Management and FundBridge Capital’s (ULTRA), with State Street Investment Management’s SWEEP coming soon.
The Largest Platform for Tokenized Stocks
Ondo is also the largest platform for tokenized stocks, representing more than 50% of the total market share and exceeding all other platforms combined by total value locked, despite having the lowest time in market. Since launching in September 2025, Ondo Stocks has now surpassed $500 million in total value across 200+ tokenized stocks with tens of thousands of asset holders driving over $7 billion in cumulative trading volume. Ondo tokenized stocks are now live across Solana, Ethereum, and BNB Chain, and supported by leading wallets, exchanges, custodians, and protocols. and are supported by many major wallets, custodians, and exchanges, including Binance Wallet, Bitget, Trust Wallet, OKX Wallet, Blockchain.com, and more.

About Ondo Finance
Ondo Finance is a blockchain-based platform focused on tokenizing real-world assets and bringing institutional-quality financial products onchain. By bridging traditional finance and decentralized infrastructure, Ondo aims to make capital markets more accessible, transparent, and efficient.