Ondo lists 430 tokenized stocks on Uniswap across Ethereum and BNB Chain

Ondo Finance listed more than 430 tokenized stocks and ETFs on Uniswap across Ethereum and BNB Chain on June 30, giving non-US investors permissionless access to US equities including SpaceX, Tesla and Nvidia.

"Tokenization is the next step in the history of capital markets," Patrick McHenry, vice chairman of the advisory board at Ondo Finance and former chairman of the House Financial Services Committee, said in a CoinDesk column published Tuesday.

The assets trade through the Uniswap interface and UniswapX API, with the lineup spanning single stocks such as Apple, Microsoft and Amazon alongside ETFs including SPY and QQQ. Ondo Global Markets, the tokenization platform behind the offering, surpassed $1 billion in total value locked in May and now accounts for more than 70 percent of the tokenized equity issuer market, according to RWA.xyz data.

The listing marks the largest single expansion of tokenized equities available on a decentralized exchange, putting pressure on traditional brokerages to offer similar on-chain access. Ondo's inclusion of SpaceX — a private company whose shares rarely trade on secondary markets — is particularly notable, as it provides retail investors exposure to an asset class previously reserved for accredited and institutional buyers.

MEXC listing and bitcoin exposure

The move extends Ondo's partnership with MEXC, which on the same day listed Ondo's tokenized Strategy preferred stock under the ticker STRCON. Strategy, the company formerly known as MicroStrategy, holds 847,363 bitcoin as of June 21, according to company filings, making it the largest corporate holder of the cryptocurrency. The STRCON/USDT pair began trading at 14:00 UTC on June 30, with deposits opening earlier that day.

Regulatory debate over tokenization models

McHenry, in his column, argued that US regulators should not pick winners in the tokenization market before the technology has had a chance to prove itself. "Tokenized securities are not one thing," he wrote. "They can and do take different forms, and carry different rights." He outlined three models — market infrastructure tokenization, customer-driven tokenization and issuer-sponsored tokenization — and said competition among them would benefit investors. "Open markets and regulated markets are not opposites," he wrote.

The tokenized equity market has grown rapidly in 2026 as protocols seek to bring real-world assets on-chain. Ondo's $1 billion TVL milestone in May and its dominant market share reflect demand from non-US investors seeking dollar-denominated exposure without the friction of traditional brokerage accounts. MEXC, which has more than 40 million users across 170 markets, also offers "RealStocks," a product that provides real share ownership and dividends within its crypto trading environment.

The tokenized securities market has attracted attention from major financial institutions, with BlackRock and Franklin Templeton also launching tokenized funds on public blockchains. Ondo's dominance in the equity segment positions it as the primary gateway for non-US investors seeking on-chain equity exposure, while its integration with Uniswap removes intermediaries and allows instant settlement.

This article is for informational purposes only and does not constitute investment advice.