Expansion brings platform’s traditional asset catalog to 430+ offerings across three chains
Blockchain.com has added 173 tokenized stocks and exchange-traded funds to its platform through a partnership with Ondo Finance, expanding its catalog of onchain traditional assets to more than 430 offerings. The new listings are available immediately across Ethereum, Solana and BNB Chain.
The expansion includes tokenized exposure to private company shares, active ETFs, Treasury products and covered-call strategies. SpaceX’s SPCX token is among the additions. Blockchain.com also introduced themed baskets tied to AI infrastructure, energy, robotics, autonomous vehicles and quantum computing.
Ondo Finance, which has distributed $3.8 billion across 267 tokenized products, provides routing and liquidity infrastructure for the listings. Alex Thorn, head of research at Galaxy, called the expansion “one of the biggest unlocks yet for tokenized stocks.” Thorn also identified Ondo’s infrastructure as addressing “one of the biggest structural barriers to tokenized US equities trading in DeFi.”
The tokenized equities market has grown nearly fivefold in the past year, reaching $1.57 billion in value compared to $330 million a year prior. Largest tokenized equity assets by value include Strategy, Circle, Nvidia and Exodus shares.
Blockchain.com’s move reflects broader competition among crypto exchanges and wallet providers to offer onchain access to traditional financial assets. Exodus, a crypto wallet provider, launched its own marketplace for 200+ tokenized stocks and ETFs earlier in June. One week before the Blockchain.com announcement, the platform introduced SpaceX-linked perpetual contracts.
A proposed US SEC rule change to scrap two national market system regulations is expected to benefit tokenized stocks trading. However, the sector faces execution challenges. Binance, Bybit, Bitget Wallet and MEXC were forced to cancel tokenized SpaceX offerings and issue refunds after failing to secure share allocations, despite attracting $557 million in USDC deposits through the offering. The failed allocations highlight friction points even as market adoption accelerates.
Kraken, which owns xStocks, a distribution and settlement infrastructure provider, and Global X, an ETF issuer, are also active in the tokenized equities space. Data provider RWA.xyz tracks market developments alongside coverage from Reuters and analysis from Standard Chartered on tokenization forecasts.
