News linked to both this project and an event.
Ondo Finance officially announced that SpaceX has officially launched on-chain, with its IPO token $SPCX now live on the Ondo Global Markets platform, supporting Solana, Ethereum, and BNB Chain. This marks the first time in history that the largest IPO to date has been tokenized on-chain on its listing day.
Ondo Finance announced on X platform that SpaceX has completed the largest IPO in history, with its tokenized asset SPCXon launching on Ondo Global Markets on its first day of trading, supporting Solana, Ethereum, and BNB Chain.
Ondo Finance has hired John Hoffman, a former Invesco ETF executive and Grayscale managing director, aiming to expand its tokenized investment products beyond equities and treasuries.John Hoffman will serve as managing director and head of product portfolio, focusing on building and distributing tokenized portfolios, including investment portfolios co-developed with asset management firms and strategies built around Ondo's existing products. This move indicates Ondo Finance's plan to go beyond single-asset tokenization and shift towards managed investment products on the blockchain. The current market size of tokenized assets has exceeded $30 billion. (CoinDesk)
Odaily Odaily, Ondo Finance CEO Ian De Bode issued an open letter, mourning the passing of company founder Nathan Allman, and stated that Ondo will continue to advance its business development according to the established roadmap.Ian De Bode mentioned that Nathan Allman had already built a solid management team and product plan before his passing; the company's leadership and board structure remain stable, and the strategic direction will not change. He revealed that Ondo will announce new infrastructure plans in the coming days and continue to push for the launch of Ondo Perps. This product is positioned as the first perpetual contract platform for real-world assets (RWA), allowing tokenized assets to be used as collateral for trading, and is expected to officially launch within the next few weeks.Additionally, Ian De Bode stated that Ondo's current on-chain asset scale has approached $4 billion, and it will continue to expand its business around tokenized stocks, ETFs, treasuries, and yield-bearing assets, further extending into areas such as trading, prime brokerage, and asset management.
Ondo Finance announced the unexpected passing of its founder, Nathan Allman. The announcement stated that Nathan Allman’s vision, humility, and execution shaped Ondo Finance’s development, and his mission to build a more open and inclusive financial system will continue to guide the company’s future initiatives. Ondo Finance also confirmed that Ian De Bode, who has long served as President, will assume the role of CEO. The announcement noted that Ian De Bode has been overseeing the company’s strategy, product development, and day-to-day operations for over two years and enjoys full support from the management team.
Ondo Finance announced its Ondo Global Markets platform has surpassed $1 billion in total value locked (TVL), becoming the first tokenized stock and ETF trading platform to reach this scale. It is understood that the platform has been online for less than 8 months, with TVL doubling since January 2026 and accumulating approximately $18 billion in trading volume. According to data from RWA.xyz, it currently holds over 70% market share in the tokenized stock issuance sector.
Ondo Finance has officially disclosed that Ondo now supports bridging its tokenized stocks and ETFs (such as SPYon, NVDAon, TSLAon, etc.) from Ethereum and BNB Chain to Hyperliquid’s HyperEVM via the Ondo Bridge. This integration supports 35 types of tokenized assets, which can be combined with Hyperliquid’s perpetual contract markets for strategies such as basis trading, funding rate arbitrage, and neutral hedging. The prices of Ondo’s tokenized assets are pegged to quotes from traditional markets like the NYSE and Nasdaq, aiming to preserve off-chain market liquidity. Since its launch in September 2025, Ondo Global Markets has accumulated a total TVL of approximately $970 million, with a trading volume of nearly $18 billion.
According to CoinDesk, Ondo Finance has partnered with Broadridge to introduce proxy voting functionality for holders of over 250 tokenized securities on its platform. Users can log in to Broadridge’s ProxyVote system via their crypto wallets to review corporate documents and submit voting preferences. The total market value of stocks and ETF tokens currently issued on its Global Markets platform exceeds $700 million. Ondo stated that while these tokens do not directly confer shareholder rights, the platform can consider investors’ voting preferences when exercising voting rights on the underlying shares it holds.
According to Ondo Finance’s official blog, Ondo Finance recently submitted a “no-action” request to the U.S. Securities and Exchange Commission (SEC), seeking confirmation from the SEC that it will not take enforcement action against Ondo’s model for recording and managing certain security interests in tokenized form on the Ethereum mainnet. The request concerns its Ondo Global Markets (OGM) product, which currently offers non-U.S. investors tokenized notes providing exposure to U.S. equities and ETFs. Under this model, the underlying securities remain within the existing legal, custodial, and recordkeeping frameworks; official books and records remain unchanged. Only in limited circumstances are the relevant security interests mapped onto the Ethereum mainnet in tokenized form, held by custodian BitGo to support recordkeeping and operational processes.