Blockchain Becomes Institutional Backdrop as Tokenized Assets Near $300 Billion

Ondo Finance is gaining traction in the tokenized securities space as NASDAQ seeks U.S. Securities and Exchange Commission (SEC) approval for its tokenization initiatives, signaling a significant step toward institutional-grade integration of real-world assets (RWAs) in digital formats. The movement is being supported by major platforms such as Ledger, which recently integrated tokenized equities into its Ledger Live application in partnership with Ondo Finance. This integration allows users to securely access over 100 tokenized stocks and ETFs, offering a self-custodial solution that mirrors the experience of managing traditional cryptocurrencies [1].

The tokenization of real-world assets is transforming traditional financial markets by converting ownership rights into blockchain-based tokens. These digital assets include stocks, bonds, and even real estate, enabling decentralized ownership with enhanced liquidity and transparency. However, adoption has faced challenges related to user experience and regulatory complexity. Ledger and Ondo Finance's collaboration aims to address these issues by providing a seamless interface that ensures compliance with regulatory standards while improving accessibility for non-U.S. investors [1].

Ethereum continues to solidify its position as the leading platform for tokenized assets. According to recent data from Token Terminal, Ethereum's stablecoin supply has surged past $165 billion, accounting for nearly 57% of the global stablecoin market. This dominance is attributed to Ethereum’s mature infrastructure and the network's appeal to both developers and institutional investors. Tron and Solana, while growing, hold significantly smaller shares at 27% and under 4%, respectively. The rapid growth underscores Ethereum’s role as a preferred platform for tokenized financial products, particularly as institutions increasingly adopt blockchain technology [2].

In addition to stablecoins, Ethereum is playing a pivotal role in the tokenization of commodities and government debt. Tokenized gold on Ethereum has grown to $2.4 billion in 2025, and the network dominates tokenized U.S. Treasurys with a 70% market share. Fidelity recently launched the Fidelity Digital Interest Token (FDIT), a tokenized U.S. Treasury product on Ethereum, which attracted over $200 million in assets within days of its launch. This institutional adoption highlights the growing legitimacy of blockchain as a platform for traditional financial assets [3].

The impact of this tokenization wave is also evident in Ethereum’s price performance. Since April 2025, Ether’s price has increased by more than 200%, reaching record highs of around $5,000 in August. Corporate treasuries have also demonstrated strong confidence in Ethereum, acquiring approximately 4% of its circulating supply in just five months. This trend reflects a broader shift in the financial ecosystem, where institutions are increasingly viewing blockchain as a secure and efficient infrastructure for capital markets [3].

The tokenized asset market is projected to grow exponentially, with current on-chain real-world assets nearing $300 billion, a milestone expected much earlier than previously predicted. Tokenized products now include a wide range of assets beyond stablecoins, including government bonds, equity indices, commodities like gold and oil, and even real estate. This diversification marks a critical transition from the early stages of tokenization, where stablecoins dominated, to a more complex and mature financial ecosystem where tokenized assets are reshaping traditional market dynamics [4].

Source:

[1] Bringing Tokenized Equities to Secure Self-Custody (https://www.ledger.com/blog-ledger-ondo-finance-bringing-tokenized-equities-to-secure-selfcustody)

[2] Ethereum's tokenized assets market surges as stablecoin ... (https://www.mitrade.com/insights/news/live-news/article-3-1105031-20250908)

[3] Ethereum Becomes the Leading Platform for Tokenized ... (https://coindoo.com/ethereum-becomes-the-leading-platform-for-tokenized-assets/)

[4] Tokenized assets are already nearing $300 billion led by ... (https://cryptoslate.com/tokenized-assets-are-already-nearing-300-billion-led-by-stablecoins/)