Ondo Finance Tops $4B in Total Value Locked, Led by Tokenized Stocks
SECZ has more than doubled off its 52-week low of $5.14.
Summary
Ondo Finance, a tokenization platform named alongside Securitize by the IMF, crossed $4 billion in total value locked. The milestone is driven by $1.3 billion in tokenized stocks and ETFs, with tokenized Treasuries at $3 billion. The company reports over 1 million cumulative holders. This follows Securitize's own launch of tokenized stock trading on October 8, highlighting accelerating competition in the tokenized equities space. The IMF's October 8 report flagged liquidity and fragmentation risks in tokenized markets, but Ondo's RFQ-based liquidity design addresses some of those concerns. The growth signals rising institutional and retail adoption of onchain equities, a direct competitive threat to Securitize's new product.
At the time of this announcement, SECZ was trading at $10.54 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $5.14 to $17.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: CryptoProwl.