The New Financial Era of 2026: Ondo Finance Reimagines Wall Street with Solana

Ondo Finance recently announced on the X platform that its tokenized stock and ETF platform will go live on the Solana chain in early 2026.

This news quickly spread throughout the crypto industry—The company claims it is currently the largest tokenized stock and ETF platform, aiming to bring Wall Street liquidity into the internet capital markets.

01 Industry Trends

Ondo Finance’s latest decision is not a sudden move but a natural result of the booming tokenized stock market. According to Token Terminal data, as of December, tokenized stocks and commodities have reached all-time peak valuations.

Among them, tokenized commodities are valued at up to $3.7 billion, while tokenized stocks are valued at approximately $80.8 million. Although they still represent a small portion of the overall tokenized real-world assets, this market has shown active growth over the past few months.

Reports from Ondo Finance indicate that the tokenized stocks on its platform are valued at about $368 million, making it a industry leader alongside another major player, XStocks.

02 Platform Evolution

Ondo Finance’s journey into tokenization has already begun. In early September, Ondo Finance and the Ondo Foundation officially launched over 100 tokenized US stocks and ETFs on Ethereum.

These assets provide 24/7 on-chain trading services for users in Asia-Pacific, Europe, Africa, and Latin America, but to ensure compliance, they are not open to investors in the US and UK. At that time, Ondo clearly stated plans to expand to BNB Chain and Solana within the year.

The cross-chain expansion from Ethereum to Solana marks Ondo Finance’s effort to build a multi-chain tokenized asset ecosystem. This strategic shift aims to leverage the advantages of different blockchains to expand asset coverage and user base.

03 Technical Breakthroughs

A core challenge faced by tokenized stocks is how to accurately reflect corporate actions on-chain, such as stock splits and dividend distributions. Different blockchains handle these corporate events in various ways, creating technical barriers for cross-chain transfers.

Recently, XStocks launched xBridge, the first bridge capable of transferring stocks between Solana and Ethereum while preserving all features and value of tokenized stocks.

This bridge uses Chainlink’s CCIP as the cross-chain infrastructure, representing a significant technological advancement in the tokenized stock industry and paving the way for multi-chain deployment.

04 The Rise of Solana

Solana is rapidly becoming the preferred blockchain for tokenized stocks. Recent data shows that stock tokenization has become the fastest-growing asset class on Solana, even surpassing previously popular meme tokens.

Choosing Solana as its platform expansion target, Ondo Finance clearly sees the high throughput, low transaction costs, and active developer ecosystem of Solana as key advantages.

These technological benefits enable Solana to support high-frequency, low-cost financial transactions, providing a more efficient on-chain alternative to traditional stock trading.

05 Market Activity

The tokenized stock market showed significant expansion in 2025. Wallet holders have grown to over 571,000, which still accounts for a small portion compared to traditional stablecoin holders, but the growth momentum is strong.

Currently, tokenized stocks in the market mainly fall into two categories: permissionless types and those linked to fully vetted exchange accounts. This diversity offers options for investors with different risk preferences.

Industry competition is intensifying. Besides Ondo Finance and XStocks, traditional financial platforms like Robinhood have also launched stock tokenization services on Arbitrum. This competition is driving innovation and improving user experience across the industry.

06 Investment Opportunities

For international investors, tokenized stocks offer a more convenient way to invest in US stocks. In 2025, the demand for tokenized US company stocks was further boosted by international investors’ enthusiasm for growth potential.

For example, the tokenized Netflix stock (NFLXON) issued by Ondo Finance was recently traded on Gate.io at a price of US$1,043.33, with a 24-hour trading volume of 108.65K as of December 17.

Another popular tokenized stock, Meta Platforms (METAON), saw its price soar to a historical peak of over US$788.74 on September 18, 2025. These data indicate that tokenized stocks not only offer the investment value of traditional stocks but also exhibit the volatility characteristics of crypto assets.

The ownership structure of tokenized stocks is also changing. While stablecoins still constitute the majority of tokenized real-world assets, more wallets are beginning to invest in a broader range of assets such as commodities, stocks, funds, and private credit.

07 Future Outlook

Launching tokenized stocks and ETFs on Solana by Ondo Finance may just be the beginning of the integration of traditional finance and blockchain. As 2026 approaches, this field is expected to see more innovations and clearer regulations.

The growth of the tokenized stock market depends not only on technological infrastructure but also on establishing broader legal and regulatory frameworks. Currently, different jurisdictions have varying attitudes and policies toward tokenized securities, presenting both challenges and opportunities.

As more mainstream financial institutions and trading platforms participate in stock tokenization, this market is likely to attract more traditional investors, further enhancing capital liquidity and market maturity.

If Ondo Finance’s plans are successfully implemented, it could change the way international investors access the US stock market, especially for those facing barriers in traditional investment channels.

“Bringing Wall Street liquidity into internet capital markets” is not only Ondo Finance’s slogan but may also become the future direction of financial system evolution.

The combination of traditional financial assets and blockchain technology is creating a new investment paradigm, where accessibility, efficiency, and transparency will redefine the operation of global capital markets.

As 2026 approaches, both the crypto industry and traditional finance will closely watch Ondo Finance’s next moves on Solana and how they will influence the future development of the entire tokenized asset market.