Ondo Finance crosses $4 billion in total value locked
Ondo Finance has surpassed $4 billion in total value locked, maintaining its lead in tokenized treasuries. The company's Ondo Stocks platform reached $1 billion in TVL in under eight months, outpacing the growth trajectory of stablecoins.
Ondo Finance has crossed $4 billion in total value locked (TVL), maintaining the number one position in tokenized treasuries with over $2.5 billion in TVL. The company’s Ondo Stocks platform, which tokenizes U.S. equities and ETFs, reached $1 billion in TVL in under eight months, significantly faster than the three years it took stablecoins to reach that milestone. Ondo Stocks has listed over 450 assets and processed over $30 billion in notional volume. The company also launched Ondo Perps, a perpetual futures exchange using real-world asset (RWA) perps where Ondo stocks can be used as collateral.
Ondo cites a 'coopetition' strategy with competitors like Franklin, Cirq, BlackRock, Robinhood, Coinbase, and Binance, noting that most competitors have adopted the liquidity model Ondo pioneered for tokenized equities. John Hoffman views the rapid adoption and competitive landscape as validation of Ondo's initial strategy, emphasizing that the market is in its early stages and requires collective education rather than zero-sum competition.