Ondo Finance Adoption Continues: Key Updates from the Leading RWA Platform

Ondo Finance, a blockchain platform specializing in the tokenization of real-world assets such as U.S. Treasuries, stocks, and exchange-traded funds, has reported a series of updates that reflect ongoing adoption in the sector.

These developments include the completion of an acquisition, new partnerships, product expansions, and participation in industry events, contributing to the platform's management of over $1.7 billion in assets across chains like Ethereum, Solana, and Stellar.

With a total value locked of approximately $660 million for its USDY stablecoin alone and integrations with more than 100 partners, Ondo continues to facilitate onchain access to institutional finance.

Overview of Ondo Finance's Operations

The blockchain protocol operates by tokenizing traditional financial instruments, allowing users to access yield-bearing assets on blockchain networks. Its core products include USDY, a stablecoin backed by U.S. Treasuries and bank deposits, and OUSG, which represents tokenized U.S. Treasuries. The platform is supported by investors including Founders Fund, Pantera Capital, and Coinbase Ventures.

As of writing, Ondo's activities align with projections for the real-world asset tokenization market, estimated to reach $18 trillion by 2033. This period's updates build on earlier momentum, such as the September launch of Ondo Global Markets, which introduced over 100 tokenized U.S. stocks and ETFs on Ethereum. Below is a breakdown of the platform’s key updates:

Early October Developments: Recaps and Industry Engagement

On October 1, 2025, Ondo released a monthly spotlight recapping September's activities, noting the launch of Ondo Global Markets, the addition of WisdomTree to the Global Markets Alliance, and the deployment of USDY on the Stellar network. The company described these as steps toward an open economy, with emphasis on accessibility for users.

That same day, Ian de Bode, Ondo's head of institutional product, participated in a panel at the Sibos conference, discussing the growth trajectory of tokenization. He projected $5 trillion in tokenized assets in the near term, alongside representatives from Boston Consulting Group, Deutsche Bank, Société Générale-Forge, and Euroclear.

Ondo also announced expansions to its team, hiring personnel from Robinhood for security roles, Chainlink for marketing, and Revolut for design. These additions aim to support scaling operations.

By October 3, Ondo introduced daily third-party verifications for reserves backing tokenized stocks and ETFs on Global Markets, confirming 1:1 asset backing to enhance transparency. The company also recapped events from Token2049, Sibos, and a Mastercard reception, observing a shift in industry conversations from conceptual discussions to practical implementation of tokenization.

Acquisitions and Regulatory Advances

A significant update came on October 6, 2025, when Ondo completed its acquisition of Oasis Pro, securing U.S. Securities and Exchange Commission-registered licenses for a broker-dealer, alternative trading system, and transfer agent. This acquisition provides Ondo with the following

• A comprehensive regulatory framework for digital assets in the U.S.
• Enabling the operation of regulated markets for tokenized securities
• A tokenization engine for real-world assets, primary and secondary trading
• Capital markets services such as underwriting and mergers and acquisitions.

The move is expected to support expansion. Following the announcement, investor Arthur Hayes increased his holdings in ONDO tokens by $3.6 million, bringing his total to $41 million.

Partnerships and Integrations

On October 9, 2025, Ondo outlined priorities from the U.S. Commodity Futures Trading Commission regarding spot crypto markets, pilot programs, and tokenized collateral. The company promoted tokenized versions of top-performing U.S. tech stocks from the past decade. Grayscale Investments added ONDO to its DeFi fund, replacing MKR, which indicates institutional interest in Ondo's token.

The following day, October 10, saw a partnership with STBL for the USST stablecoin, where USDY serves as primary collateral, providing $50 million in minting capacity. Ondo also integrated with LayerZero for cross-chain functionality of yield-bearing tokens, enhancing interoperability. Additionally, over 200 tokenized stocks and ETFs became available in Coinbase's Base app through Ondo, improving user access.

Before the integration with LayerZero, Ondo shared a weekly update on digital asset adoption, covering Tenev's comments, a partnership between Circle and Deutsche Börse, the SEC's plans for blockchain-based stock trading, Swift's blockchain initiatives with banks, and Bridge's stablecoin platform.

Conclusion

Ondo Finance's recent updates demonstrate its capacity to expand tokenized asset offerings, secure regulatory approvals, and form partnerships that integrate blockchain with traditional finance.

The acquisition of Oasis Pro stands out as a key enabler for regulated operations in the U.S., complemented by integrations like those with STBL and LayerZero, which support cross-chain functionality and stablecoin collateralization. These steps underscore Ondo's management of substantial assets and its collaborations across ecosystems.

Sources:

• Ondo Finance TVL: https://defillama.com/protocol/tvl/ondo-finance

• Oasis Pro Acquisition: https://ondo.finance/blog/ondo-acquires-oasis-pro

• RWA Tokenization Market 2033 Estimate: https://www.coindesk.com/markets/2025/04/07/ripple-bcg-project-usd18-9t-tokenized-asset-market-by-2033-but-obstacles-remain