Ondo Finance Says TVL Surpasses $4 Billion

Ondo Finance, a real-world asset tokenization platform, said its total value locked has surpassed $4 billion.

On Oct. 16, Ondo Finance said on its official X account, formerly Twitter, that its TVL had reached $4 billion, citing business expansion from tokenized U.S. Treasuries into stocks, exchange-traded funds, portfolios and private markets.

According to Ondo Finance, tokenized stocks and ETFs have grown to more than $1.3 billion, while the cumulative number of holders across all products has surpassed 1 million. The company said that makes it the largest tokenization platform in the U.S.