Ondo Expands Tokenized Asset Ecosystem to Rebuild On-Chain Financial Services

Ondo Finance has partnered with MetaMask to enable users in non-U.S. jurisdictions to trade over 200 tokenized U.S. stocks and ETFs directly within the wallet according to a recent announcement.

Ondo's integration with MetaMask aims to bridge traditional finance and on-chain markets by offering 24/7 trading of tokenized assets without intermediaries as reported.

Tokenized real-world assets (RWA) have grown into a $22 billion market, and Ondo's expansion into this space reflects broader industry trends toward on-chain financial infrastructure according to market analysis.

Ondo Finance has launched Ondo Perps, a platform for trading perpetual futures with up to 20x leverage on U.S. stocks, ETFs, and commodities as detailed in their announcement. This platform supports 24/7 trading and is available to users outside the U.S. according to the company's statement.

Ondo is moving beyond asset issuance to develop on-chain services, including a reimagined prime brokerage model using tokenized assets as collateral according to industry reports. This approach aims to attract market makers, deepen liquidity, and enable more sophisticated trading strategies as stated in their update.

What is Ondo's Strategy for On-Chain Financial Services?

Ondo is developing a full-stack on-chain financial ecosystem by integrating tokenized assets and expanding into traditional financial services according to their strategy. The company's goal is to offer a single app for trading crypto, stocks, ETFs, and derivatives, aligning with broader industry trends in decentralization and tokenization as outlined in their roadmap. Ondo's platform allows tokenized stocks and ETFs to be used as collateral for perpetual futures trading, which differentiates it from platforms that rely solely on stablecoins according to product documentation. This innovation could attract a broader range of traders and investors as market analysts note.

Ondo's expansion into Solana has enabled 24/7 on-chain trading for over 200 U.S. stocks and ETFs, with $2.5 billion in total value locked (TVL) as of early 2026 according to their latest report. This growth highlights Ondo's position as a leader in the tokenized RWA market as industry observers state.

How Does Ondo's Integration with MetaMask Benefit Users?

MetaMask users can now access and trade tokenized U.S. stocks, ETFs, and commodities directly within the wallet, simplifying the process of engaging with both crypto and traditional financial markets according to the integration announcement. This integration expands MetaMask's functionality and supports the broader trend of tokenizing financial products for greater efficiency and liquidity as reported.

The integration includes major stocks like Tesla, NVIDIA, Apple, Microsoft, and Amazon, as well as ETFs tracking gold, silver, and the Nasdaq-100 index according to the product overview. Users can purchase and trade these assets using USDC on Ethereum mainnet as detailed in their guide.

This partnership enhances the accessibility of tokenized assets for MetaMask's large user base, allowing them to trade tokenized securities without opening separate brokerage accounts according to user feedback. The new functionality is initially available in the MetaMask mobile app and will expand to desktop and browser versions by the end of February as announced.

What Are the Key Risks and Limitations of Ondo's Expansion?

Ondo's services are currently available only to users in non-U.S. jurisdictions, limiting access for a significant portion of potential users according to service terms. This restriction is enforced through geolocation mechanisms, including IP address detection as technical documentation explains.

While Ondo aims to capture a significant share of the $16 trillion RWA market by 2030 according to market projections, the tokenized asset market is still relatively small compared to traditional financial markets. This means that adoption and acceptance of tokenized assets may take time as industry analysts note.

Ondo's integration with MetaMask and the launch of Ondo Perps are significant steps toward building a more accessible and efficient financial infrastructure, but they are still early-stage developments as reported. The success of these initiatives will depend on continued innovation and adoption by users and institutional partners according to industry experts.