Ondo Finance Enables 24/7 Minting and Redemption for Tokenized Stocks

Analyst at desk in newsroom with screens showing 24/7 tokenized stocks and Ethereum/BNB Chain logos.

Ondo Finance took a new step in the evolution of real-world assets (RWAs) by enabling the creation and redemption of tokenized stocks and ETFs 24 hours a day, seven days a week. The update is now available on Ethereum and BNB Chain and aims to eliminate one of the main limitations these products still inherited from the traditional financial system: dependence on market hours.

Until now, although tokens could be transferred between users at any time, issuance and redemption remained subject to Wall Street’s schedule. With this change, eligible investors will be able to open or close positions even on weekends and holidays, without having to wait for U.S. stock markets to open.

Beyond Transfer-Only Liquidity

The new infrastructure applies to some of Ondo Global Markets’ most-traded assets, including SPYon, QQQon, NVDAon, TSLAon, GOOGLon, and CRCLon. According to the company, the goal is for tokenized stocks to operate with the same 24/7 availability that characterizes cryptocurrencies, bringing the stock market closer to a truly “always-on” model.

Ondo maintains that tokenization will only reach its full potential when it is no longer limited by legacy infrastructure. The company believes that continuous trading, instant settlement, and interoperability with DeFi protocols are essential elements for building a new generation of financial markets on blockchain.

The move comes at a time of strong expansion for Ondo Global Markets. In May, the platform surpassed $1 billion in total value locked (TVL) and now offers access to more than 200 tokenized stocks and ETFs. In recent weeks, it also announced a partnership with Mirae Asset to explore the tokenization of the Global X ETF line, added support for Ledger-based exchanges, and continues to expand the distribution of these assets across various blockchain ecosystems.

The launch also responds to an increasingly visible trend in the industry. Traditional exchanges such as Nasdaq and the group that owns the New York Stock Exchange (ICE) are already working on platforms to trade tokenized securities 24 hours a day, while crypto exchanges like Binance, Kraken, and Robinhood have accelerated their focus on this segment.

For now, the continuous issuance and redemption feature is only available on Ethereum and BNB Chain. Ondo has not confirmed when it will be available on Solana, although the company had previously announced plans to continue expanding its multichain infrastructure. If the initiative succeeds in attracting sufficient liquidity, it could become another step toward a stock market without closing times.

 

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