Phemex Exchange Integrates Ondo Finance's Tokenized Stocks
The crypto exchange Phemex has completed the full integration of Ondo Finance's suite of tokenized stocks. This move positions the platform to offer Real-World Assets (RWA) to its users, allowing them to gain exposure to traditional equities through blockchain-based tokens.
- The integration provides Phemex's 10 million users with access to 14 of Ondo Finance's tokenized traditional assets. This lineup includes tokenized versions of major tech stocks like NVIDIA (NVDAon), Tesla (TSLAon), Apple (AAPLon), and Amazon (AMZNon). - Beyond individual stocks, the offering also includes broad-market exchange-traded funds (ETFs) such as the Nasdaq 100 ETF (QQQon) and the SPDR S&P 500 ETF (SPYon). This allows for portfolio diversification with the stability of established equities while maintaining the efficiency of digital assets. - Ondo Finance's tokenized securities are designed to mirror the economic performance of the underlying assets, with dividends being reinvested. The tokens are fully backed by the real-world stocks and ETFs, which are held by U.S.-registered broker-dealers. - The tokenized securities market is a rapidly growing sector of the digital asset economy, with the total value of tokenized treasuries alone exceeding $8 billion by late 2025. The broader Real-World Asset (RWA) sector reached a value of $33 billion by October 2025. - Ondo Finance has been actively working on the regulatory front, engaging in discussions with the U.S. Securities and Exchange Commission (SEC) to establish clear pathways for the issuance of tokenized securities. - To ensure data accuracy and reliability for its tokenized assets, Ondo Finance has partnered with Chainlink as its official oracle provider. For cross-chain interoperability, Ondo has integrated with LayerZero and Axelar to facilitate the movement of its tokens across different blockchain networks. - Ondo Finance is also developing its own layer-1 blockchain, Ondo Chain, specifically designed for the tokenization of real-world assets and to meet institutional requirements for compliance and security. The development of this chain has involved input from major financial institutions like BlackRock, Morgan Stanley, and Franklin Templeton.
