The next evolution of markets is almost here. Real-world assets. Real-world liquidity. Coming onchain 09.03.25

We would like to formally apologize to the @ethereum community for the recent spike in gas fees. Trading demand for Ondo tokenized stocks drove 10%+ of Ethereum gas usage in the past 24 hours. We appreciate your understanding during this time of onchain adoption.

The event that put tokenization on the map returns. On February 3, 2026, the world’s leading executives, investors, and policymakers reconvene in New York for the Ondo Summit to define the next era of capital markets. Apply to attend: summit.ondo.finance/2026

Featured in @Reuters: Ondo's approach to institutional-grade tokenization. “Done right, tokenization enhances investor protections, rather than eroding them.” - Ondo's @iandebode The Reuters article identifies problems with poorly designed tokenized stock and ETF models. Where other platforms fall short: 1. Lack of traditional investor rights and protections 2. Unclear exposure to dividends 3. Fragmented liquidity Ondo Global Markets solves these challenges with tokenized shares that: 1. Are fully backed and secured by U.S. stocks and ETFs held at U.S.-registered broker-dealers with legally enforceable ownership rights 2. Mirror the economic performance of their underlying asset, including dividends 3. Inherit liquidity directly from traditional exchanges, enhancing rather than fragmenting market depth As we outlined in our recent open letter to the World Federation of Exchanges, well-designed tokenization solutions can incorporate robust protections that not only match but may even improve upon traditional systems through enhanced transparency, instant settlement, and institutional-grade safeguards. Tokenization is not about bypassing securities laws. It is about using technology to make markets more efficient while maintaining traditional standards.

The future of capital markets has no borders. “Anyone with a stablecoin is going to essentially be able to buy any U.S. stock or ETF that they want... we really want to break open the barriers that currently still exist for a global user base.” - Ondo Finance's @iandebode on @CoinDesk's Ripple Effect. Ondo is building the infrastructure to bring traditional assets onchain, making institutional-grade financial products accessible to everyone, including on the XRPL (@RippleXDev).

1/ Wall Street 2.0 is here. Ondo Global Markets is now live, providing one of the largest-ever selections of tokenized U.S. stocks & ETFs onchain with the liquidity of traditional finance, starting on @Ethereum. 100+ assets now live, with hundreds more on the way.

It’s nearly 2026, and billions of people still have to wait for the US to wake up before they can trade the best financial markets. Trading hours and markets that close are outdated. Tokenized assets will be better for everyone, with instant settlement and 24/7 availability.

Ondo Global Markets is finally here! For us, this has been years in the making. Since announcing last year, we’ve seen many other tokenized stock offerings enter the market. But the big breakthrough hasn’t happened yet. Why? Two things: accessibility and liquidity. Many of the existing platforms are still walled gardens. All users have to be onboarded with a single party and can't self-custody their tokens, take them off platform, or use them in DeFi protocols. In some cases these platforms are stepping stones to hopefully allow for some of these features in the future but they are not there today. Ondo GM is different, since the tokens are freely transferable (outside the US and subject to certain jurisdictional restrictions) from day one, just like stablecoins. Now, there are some other platforms that have also structured their tokens as freely transferable, like xStocks. However, where these tokens fall flat is on liquidity. These tokens have relatively high friction mint and redeem processes, and rely on a small handful of market makers to hold large inventory of these tokens on various decentralized and centralized exchanges. Secondary market purchasers can generally only access what market makers are already holding in inventory, leading to limited liquidity and sometimes huge dislocations between token prices and underlying stock prices. This model of relying on prefunded liquidity venues simply does not scale to hundreds of equities. GM solves this issue by enabling instant, atomic minting and burning of Ondo tokenized stocks & ETFs in exchange for stablecoins. Instant minting and burning is what allows for arbitragers to easily keep the prices on various secondary market venues in line with primary market prices. Additionally, instant minting and burning allows for GM to separate trading and settlement, as is typically done in TradFi. For example, an eligible trader can put on an order to buy or sell some GM tokenized stock, and then subsequently that trader's order can be settled atomically and instantly. Only after a trade is agreed on is the stock token minted and the underlying stock purchased. Through this sequencing, GM is able to pass to users almost the same liquidity that it can access in underlying markets. The magnitude of the difference in price impact from the two models is profound. For example, purchasing $200k of SPYx on Jupiter (the most liquid asset from xStocks on its most liquid venue) would entail more than 200 bps price impact. If the S&P 500 yields 10% a year on average, this would mean you lose ~2.5 months worth of returns swapping into the asset, and another ~2.5 months swapping out. By contrast, GM investors can mint $200k worth of SPYon for roughly a 1-3 bps price difference from TradFi markets (depending on market conditions). After a lot of hard work we’re proud to be able to unveil this solution today, bringing highly accessible and liquid tokenized stocks to market. Some caveats: We’re rolling out gradually. • Most tokens capped at $200k/trade (or $100k off-hours) • Some low volatility tokens allow up to $1M • Multiple trades can be submitted for larger orders We’ll scale limits substantially as the system proves itself. ✨ Markets should be open, liquid, and global. With Ondo GM, that future is here. @OndoFinance ✨

Hello, Ethereum. xStocks are coming to Ethereum Mainnet, one of the world’s largest and most reputable blockchains with over $500b in assets secured, millions of users and thousands of apps. The standard for tokenized equities, going everywhere.

Trillions are set to be tokenized via @OndoFinance. Ondo’s Ian De Bode (@iandebode) joins @katieeperry to explore the $100 trillion opportunity for tokenized stocks, ETFs, and Treasuries. "Ondo is leading the shift to onchain finance, tokenizing traditional assets like Treasuries, stocks, and ETFs to make them globally accessible, transferable 24/7, and easier to move across platforms and markets.” They discuss: - How tokenization is going mainstream - Why stablecoins are just the beginning - The reasons major institutions are working with Ondo Watch to see why the future of finance is being built onchain.

LIVE NOW - Tokenized Stocks: The $100 Trillion Onchain Shift @RyanSAdams & @TrustlessState sit down with @OndoFinance's @nathanlallman and @iandebode to map the path from stablecoins to tokenized treasuries to tokenized stocks. We break down why Ondo’s wrapper model is set out to win, how blockchain brings 24/7 secondary markets, DeFi composability and much more liquidity. Ethereum and Ondo are leading a $100T onchain migration you can’t miss. -------------- TIMESTAMPS 0:00 Intro 5:55 Is Business Booming? 7:59 Are RWAs Inevitable? 12:50 Tokenized Treasuries 19:13 Tokenization Roadmap 24:17 Types of Tokenized Treasuries 31:40 What’s Holding the US Back? 37:08 Tokenized Stocks 41:04 Tokenized Stocks Liquidity 50:56 Property Rights 56:25 Is Permissionless Tokenization Possible? 1:04:32 24/7 Markets? 1:07:52 Ondo Global Markets 1:10:54 Why Ethereum? 1:12:08 Stocks Meet DeFi 1:19:26 What Chains will RWAs Settle On? 1:32:41 Is Wall Street Ready? 1:34:29 What’s Next? 1:36:00 Closing & Disclaimers

🟢 186.43 SPYon purchased for a total of $123,737.00 📈 etherscan.io/tx/0xeb82093c55…

What is tokenization and why is programmable money useful? Our latest Analyze This video explains.