Ondo Launches 24/7 Minting And Redemption For Tokenized Stocks

Ondo Finance has launched 24/7 minting and redemption for a first group of tokenized U.S. stocks and ETFs, expanding access beyond traditional market hours, weekends and public holidays.

The first supported assets are SPYon, QQQon, CRCLon, NVDAon, TSLAon and GOOGLon. The group gives eligible users onchain exposure to the S&P 500, Nasdaq 100, Circle, Nvidia, Tesla and Alphabet through Ondo Global Markets.

The feature is live on Ethereum and BNB Chain, with Solana support planned next. That gives Ondo a broader primary-market function for tokenized equities while keeping the assets transferable onchain across supported blockchain infrastructure.

The launch follows a rapid expansion phase for Ondo Global Markets. The platform recently added 173 assets in one batch, pushing its catalog beyond 430 tokenized stocks and ETFs across Ethereum, Solana and BNB Chain.

Tokenized Stocks Move Beyond Market Hours

The upgrade is designed to narrow one of the main limits of tokenized equities. Traditional U.S. markets still close overnight, on weekends and on holidays, while crypto markets operate continuously. A 24/7 mint-and-redeem path gives eligible users a way to create or exit supported Ondo positions even when ordinary brokerage settlement rails are closed.

That does not make tokenized stocks identical to direct shares. Ondo describes the products as total-return trackers designed to provide economic exposure to underlying public securities, including reinvested dividend value after applicable deductions. Voting rights, shareholder information rights, custody, redemption access and jurisdictional eligibility still depend on the product structure and offering documents.

Off-hours activity also brings pricing risk. When the underlying U.S. market is closed, liquidity in the referenced stock or ETF can be thinner, arbitrage can be more constrained and token prices can diverge more from the underlying security’s last or fair value. That makes the mint-and-redeem upgrade useful, but not a full replacement for traditional market depth during normal exchange hours.

RWA Competition Keeps Accelerating

Ondo’s 24/7 rollout lands during a larger race to put public-market exposure onchain. The company recently partnered with Mirae to build tokenized Global X ETF products, giving its equity-tokenization strategy a larger asset-management channel.

Solana is becoming another major battleground for tokenized equities. Recent onchain equity activity pushed volume to a record as SPCX, xStocks and related products turned public-market exposure into one of the chain’s fastest-moving RWA categories. Ondo’s planned Solana support would place its new 24/7 mint-and-redeem model into that same high-speed trading environment.

The timing also matches wider usage growth across Ondo’s real-world asset stack. Ondo’s monthly transfer activity recently climbed to $3.7 billion, showing that tokenized assets are moving between wallets, platforms and settlement flows rather than only sitting as passive balances.