Bitget Listing Cements Ondo's 58% Market Dominance
Crypto exchange Bitget announced it will list tokenized U.S. stocks and exchange-traded funds (ETFs) from Ondo Finance on its spot market. The new offerings provide crypto-native traders with access to shares of companies like Tesla and Nvidia, alongside major ETFs such as SPY and QQQ. This strategic move strengthens Ondo Finance's commanding position in the tokenization space, where it already controls roughly 58% of the tokenized equity market, according to data from RWA.xyz. The listing leverages Ondo's regulated infrastructure, which includes entities holding SEC-registered Broker-Dealer and Alternative Trading System (ATS) licenses, providing a compliant pathway for bringing traditional securities on-chain.
Tokenized Equities Sector Crosses $1 Billion Milestone
The listing comes as the market for tokenized stocks achieves significant scale, having recently surpassed $1 billion in total on-chain value. This milestone highlights a powerful trend toward digitizing traditional financial assets. The sector's growth has been explosive, with its total value increasing by approximately 2,900% in just twelve months. RWA.io co-founder Marko Vidrih noted that the speed of this growth is more significant than the absolute number, reflecting a convergence of platform launches, improving regulatory clarity, and infrastructure that makes these products accessible to a wider user base. Ondo Finance and the xStocks platform have formed an early duopoly, capturing a combined 82% of the market.
Broader RWA Adoption Accelerates Beyond Stocks
The appetite for tokenized assets extends far beyond equities, signaling a broader structural shift in financial markets. The total value of all tokenized Real World Assets, excluding stablecoins, has climbed to approximately $26 billion. The market for tokenized U.S. Treasuries has been a major driver of this growth, expanding to over $11.13 billion in market capitalization. Ondo Finance is also a key participant in this area, recently expanding its tokenized U.S. Treasury offerings to new blockchains like the XRP Ledger. Bitget's integration of Ondo's products shows that exchanges are increasingly competing to offer compliant, on-chain exposure to traditional assets as institutional and retail demand continues to accelerate.