Tokenized ETFs Surpass $430 Million in Onchain Market Cap, Led by Ondo Finance's IVVon

Tokenized exchange-traded funds have reached $430 million in combined onchain market capitalization, according to Token Terminal data published Friday. Ondo Finance's $IVVon token leads the category, having surged approximately 150% over the past month on Ethereum.

$IVVon represents a tokenized version of the iShares Core S&P 500 ETF, enabling onchain exposure to traditional equity market indices. The 150% monthly gain reflects growing institutional and retail interest in bridging traditional finance assets onto blockchain networks.

Separately, the onchain EUR stablecoin market has exceeded $760 million in total market cap, with 66% of all euro stablecoins currently tokenized on Ethereum. The expansion of both tokenized traditional assets and regional stablecoins signals acceleration in the onchain real-world asset and stablecoin infrastructure sectors.

Sources: Token Terminal | Token Terminal

This article was produced with the help of AI flows.