Ondo Expands Tokenized Asset Offerings Through MEXC and Talos Partnerships

Ondo Global Markets has partnered with MEXC to list tokenized versions of publicly traded stocks and ETFs, including Plug Power and iShares ETFs, expanding access to traditional assets in the crypto market.

USDY, a stablecoin developed by Ondo Finance, is generating yield through U.S. Treasury and bank deposits while maintaining on-chain liquidity, attracting institutional interest.

The tokenized real-world asset market has grown to $27.5 billion, with Ondo Finance playing a key role in expanding institutional adoption by tokenizing over $559 million in assets.

Ondo Finance, in collaboration with MEXC, is broadening access to tokenized stocks and ETFs, enabling investors to trade traditional financial instruments onchain. This development is part of a broader trend of integrating traditional finance with decentralized finance (DeFi), allowing investors to manage both asset classes within a single platform.

The tokenized assets listed on MEXC represent a wide range of real-world financial instruments, from commodities to ETFs. These tokenized assets are fully backed by the underlying traditional assets and are designed to be transferable within DeFi protocols. For example, PLUGON/USDT, EWYON/USDT, and EWJON/USDT are now available for trading, offering exposure to companies and markets such as Plug Power, the MSCI South Korea ETF, and the MSCI Japan ETF.

Institutional adoption of tokenized assets is also on the rise. Ondo's tokenized securities are now accessible through Talos, a platform serving institutions in over 30 countries. The integration with Gate allows banks, brokers, and asset managers to trade Ondo tokenized stocks and ETFs, streamlining access to institutional-grade liquidity and pricing.

What Is the Significance of USDY's Growth?

USDY, a stablecoin developed by Ondo Finance, has grown significantly in the past month, reaching a value of over $1.85 billion. Unlike traditional stablecoins such as USDT or USDC, USDY generates yield by being backed by short-term U.S. Treasuries and bank deposits. The yield is reflected in token appreciation rather than traditional payout mechanisms, making it attractive to institutional investors.

This growth in USDY underscores the potential for yield-bearing stablecoins in the digital asset space. Ondo's approach of holding the underlying assets in a regulated custodian ensures transparency and compliance, addressing concerns around asset backing and liquidity. With over 14,000 holders and availability on multiple blockchains, USDY is gaining traction across the crypto ecosystem.

How Is Ondo Contributing to the Tokenized RWA Market?

Ondo Finance is one of the leading platforms in the tokenized RWA space, with $559 million in tokenized assets as of early April. The company has partnered with Binance Alpha to tokenize stocks like Apple and Tesla, aiming to bridge traditional markets with the crypto ecosystem.

The broader tokenized RWA market has reached $27.5 billion, with U.S. Treasuries accounting for over $12 billion. The expansion of tokenized assets is being supported by developments like the NYSE's efforts to create a dedicated venue for tokenized securities settlement. This initiative aims to enable 24/7 trading and reduce counterparty risk.

However, the growth of tokenized markets has also raised concerns about systemic risks, particularly from automated trading and rapid settlement. The IMF has warned that such practices can amplify liquidity shocks and lead to flash crashes, highlighting the need for regulatory oversight and risk management strategies.

Ondo's platform has already facilitated over $13 billion in trading volume since its launch in September 2025, demonstrating strong demand for tokenized assets. As the market continues to expand, platforms like Ondo will play a crucial role in connecting traditional and digital finance while addressing the regulatory and operational challenges that come with tokenization.