SpaceX on-chain, BlackRock on Solana, Ondo builds the tails: Tokenization’s breakout year

The tokenization supercycle is accelerating fast, with the total market cap of tokenized assets past $337.8 billion. This includes stablecoins, stocks, funds, and commodities.

Tokenized stocks are expanding faster than their counterparts, with its capitalization growing nearly tenfold over the past year. That is, from $485 million to $4.82 billion as of press time.

About six months ago, this cap was $1.50 billion, increasing to $2.86 billion three months later. This signals that more traditional assets are being brought on-chain. In fact, IPOs of major companies like SpaceX and Anthropic going live on-chain have contributed to this meteoric rise.

Since all stock is equity but not all equity is stock, the broader data shows that growth was all-round. The total circulating supply of on-chain tokenized equities surged by $932 million, equivalent to a 25% growth, in the past week alone.

The total cap accounts for 15,304 assets from 400 issuers across 50 chains. Holders have also grown past 325.5 million, as per Token Terminal.

Amid mid-term U.S. elections, the volumes of tokenized equities hit record, especially now that trading was 24/7. In fact, 62% of this volume was traded outside market hours, stressing the importance of going on-chain.

Institutions are moving fast into tokenizing global assets and funds. Ondo Finance [$ONDO] and Solana [SOL] are on the forefront of the tokenization supercycle.

Can $ONDO help tokenized markets move beyond early demand?

For instance, BlackRock’s iShares 0-1 Year Treasury Bond ETF [SHVon] offered by Ondo Finance on Solana is now worth over $423 million. This figure represents a 64.39% increase in the past 30 days.

Furthermore, the product held $8.325 million in capital just three months ago. SHVon attracted $88.20 million in net inflows over the past week.

However, SHVon is lagging behind other tokenized treasuries in terms of returns with -0.02% against an average of 1.13%. Since inception, only two months have been green, while the other three have been red.

Still, $ONDO could help tokenized markets move beyond early demand. This is evident as investor demand for U.S. ETFs grows as they attracted $201 billion in inflows last month. This was the second-largest monthly intake on record.

Examining other trading platforms on Solana, Jupiter reported a growth of 60% month-over-month (MoM) in the number of tokenized equity traders. The volumes also increased by over 24%.

Therefore, the tokenization supercycle may be at its early stage, and $ONDO is positioned to become one of the largest platforms for the job. Over 430 U.S. stocks and ETFs worth over $900 million have been tokenized by $ONDO with 565K holders.

Final Summary

• The tokenization supercycle may have been confirmed as tokenized stocks grow by nearly 10x in a year.
• BlackRock’s iShares 0-1 Year Treasury Bond ETF, offered by Ondo Finance on Solana grew by 64% in the past 30 days.