Home Ondo Brings 24/7 Minting & Redemption Of Tokenized Stocks To Solana

Ondo Brings 24/7 Minting & Redemption Of Tokenized Stocks To Solana

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Ondo Brings 24/7 Minting & Redemption Of Tokenized Stocks To Solana
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Ondo Finance has grown its tokenized securities platform on Solana by adding 24/7 minting and redemption for certain tokenized U.S. stocks and ETFs. At first, this feature supports NVDAon, TSLAon, GOOGLon, SPYon, QQQon, and CRCLon, so investors can create or redeem these assets any time, not just during regular U.S. stock market hours.

The rollout builds on Ondo’s broader push into tokenized finance. Earlier this year, the company launched more than 200 tokenized U.S. stocks and ETFs on Solana through Jupiter’s RFQ infrastructure, providing blockchain-based access to traditional equities during market hours. More recently, it unveiled Ondo Perps, a perpetual futures platform that allows traders to use tokenized stocks as collateral for leveraged trading across equities, commodities, indices and cryptocurrencies with leverage of up to 20x.

Ondo says that many platforms offering 24/7 tokenized stock trading only allow transfers between users, which can mean less liquidity and higher trading costs. With its new system, investors can mint or redeem supported tokenized securities directly at current market prices all week, giving them steady access to liquidity.

Ondo says it will add more tokenized assets as demand increases. In a post on X, the company called this launch another move toward global markets that are always open, saying that markets with fixed trading hours are outdated. This expansion shows that more firms are adopting blockchain-based tokenized securities to bring traditional assets on-chain.

 

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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