Key Takeaways:
Ondo Stocks surpassed $1 billion in total value locked, processing $27 billion in cumulative volume since its September 2025 launch, according to Ondo Finance.
The milestone follows MyEtherWallet's integration of Ondo Perps, which brings perpetual futures trading to the wallet's self-custody users. "Our mission has always been to make decentralized finance accessible, flexible, and fully self-custodial," Kosala Hemachandra, founder and CEO of MyEtherWallet, said.
Ondo Perps, the perpetual futures venue launched in July, cleared $8 billion in cumulative volume with $5 billion in the trailing 30 days and a peak of $87 million in open interest. Daily volume peaked above $350 million in the most recent week rather than at launch. The ecosystem now counts 200,645 holders, up 20 percent in 30 days, with monthly transfer volume of $2.82 billion across 89,485 active addresses.
Tokenized U.S. equities have traded $18 billion across centralized exchanges, with $206 million currently held on-venue: $139 million on Binance, $32 million on Gate, $18 million on Bitget, and $6 million on MEXC. That distribution channel did not exist for real-world assets two years ago, placing tokenized equities alongside spot crypto on venues where most global trading volume originates.
USDY, Ondo's tokenized treasury product, reached $2.15 billion in total asset value with 15,604 holders and a 7-day APY of 3.49 percent. The token is live on 12 networks, led by Ethereum at $1.1 billion, Stellar at $534 million, SEI at $258 million, and Solana at $179 million, with additional deployments on Mantle, Noble, Sui, Arbitrum, Aptos, MANTRA, BNB Chain, and Plume.
Ondo Stocks offers more than 440 assets, each fully backed by the corresponding stock or ETF held with licensed U.S. custodial broker-dealers. The platform became the world's largest tokenized stocks provider by TVL within 48 hours of launching and has maintained that position.
The MyEtherWallet integration allows users to trade perpetual contracts with up to 20x leverage on leading U.S. stocks, ETFs, and commodities, 24 hours a day, using any wallet connected through MEW Portfolio, including hardware wallets and WalletConnect. Unlike traditional brokerages that restrict trading to exchange hours and limited geographic access, eligible users can manage exposure to global markets around the clock while maintaining full self-custody of their funds.
The growth trajectory suggests tokenized RWAs are moving from niche to mainstream infrastructure. With $27 billion in cumulative volume at roughly 26 times current TVL, Ondo Stocks assets are being actively traded rather than held passively. Holder growth and transfer velocity are both accelerating, indicating the growth is coming from new participants rather than a concentrated set of existing accounts increasing position size. The question now is whether other RWA protocols can match this velocity as the sector competes for institutional capital.
This article is for informational purposes only and does not constitute investment advice.
