Ondo Global Markets to Tokenize Over 200 Stocks on Solana in 2024: A Game-Changer for DeFi

• Why Is Ondo Global Markets Expanding to Solana?
• What Assets Are Being Tokenized?
• How Does Solana Benefit From This Move?
• What Makes Ondo’s Liquidity Model Unique?
• When Will These Assets Go Live?
• What’s Next for Tokenized RWAs?
• FAQs About Ondo’s Tokenized Stocks on Solana

Ondo Global Markets, a leading issuer of tokenized securities, is set to bring more than 200 tokenized stocks and ETFs to Solana, marking a significant leap for decentralized finance (DeFi). This move positions solana as a formidable competitor to platforms like XStocks in the tokenization space. With Wall Street liquidity backing these assets, Solana’s ecosystem is poised to attract millions of users seeking seamless on-chain trading. Here’s everything you need to know about this groundbreaking development.

Why Is Ondo Global Markets Expanding to Solana?

Ondo Global Markets, already a heavyweight in the real-world asset (RWA) tokenization space, is making a strategic pivot to Solana. The platform, which previously operated on ethereum and BNB Chain, is leveraging Solana’s high-performance blockchain to offer faster, cheaper, and more scalable trading. According to Ian De Bode, President of Ondo Finance, Solana’s infrastructure is "uniquely suited" for mass adoption of tokenized assets. The chain’s 2.8 million daily active users and growing DeFi ecosystem make it an ideal home for Ondo’s expansion.

What Assets Are Being Tokenized?

The new batch of tokenized assets includes over 200 U.S. stocks and ETFs, along with commodities like gold and silver. Sector-specific exposures, such as AI-focused ETFs, are also part of the mix. These assets aren’t just digital replicas—they’re backed by liquidity from major exchanges like NASDAQ and NYSE, ensuring tight spreads and deep order books. Unlike smaller tokenization projects that rely on limited liquidity pools, Ondo’s model taps into global markets, offering users "Wall Street prices on-chain."

How Does Solana Benefit From This Move?

Solana’s reputation as a high-speed, low-cost blockchain has already made it a favorite for DeFi projects. With Ondo’s integration, the network gains access to traditional finance (TradFi) assets, bridging the gap between crypto and conventional markets. Data from CoinMarketCap shows Solana currently hosts 319 tokenized assets; Ondo’s addition could double this figure overnight. This influx is expected to drive more institutional and retail interest, further solidifying Solana’s position as a top-tier blockchain for financial innovation.

What Makes Ondo’s Liquidity Model Unique?

Most tokenized assets suffer from thin liquidity, but Ondo’s partnership with NASDAQ and NYSE ensures robust trading volumes from day one. "Our model lets us launch hundreds of assets instantly, with thousands more in the pipeline," De Bode noted. This approach eliminates the slippage issues plaguing smaller platforms, giving traders confidence to execute large orders on-chain. For Solana users, this means unprecedented access to blue-chip stocks and ETFs without leaving the crypto ecosystem.

When Will These Assets Go Live?

Ondo’s Solana rollout is slated for Q2 2024, with phased deployments planned throughout the year. The platform has already tokenized 200 assets on Ethereum and BNB Chain, which will migrate to Solana alongside the new additions. Trading volumes are expected to surge, building on Ondo’s existing $460 million in total value locked (TVL) and $6.8 billion in cumulative trading volume.

What’s Next for Tokenized RWAs?

Ondo’s expansion signals a broader trend: TradFi and DeFi are converging faster than ever. Analysts at BTCC suggest that by 2025, tokenized RWAs could account for 10% of global crypto market activity. Solana’s scalability makes it a frontrunner in this race, though competition from Ethereum and emerging chains remains fierce. One thing’s clear—the lines between traditional and decentralized finance are blurring, and Ondo is leading the charge.