Phemex Integrates Tokenized Stock Suite
Cryptocurrency exchange Phemex has announced the full integration of Ondo Finance's suite of tokenized stocks. The move positions the platform to participate in the growing market for Real-World Asset (RWA) tokenization.
- The integration makes 14 of Ondo's tokenized traditional assets available to Phemex's 10 million users. Offerings include tokenized shares of major tech companies like NVIDIA, Apple, and Amazon, as well as ETFs that track the Nasdaq 100 and S&P 500. - Ondo Finance's tokenized stocks are digital tokens backed 1:1 by the corresponding real-world securities. These underlying assets are held with licensed U.S. custodial broker-dealers, ensuring the token's price tracks the actual stock. - This move taps into the rapidly growing Real-World Asset (RWA) tokenization market, which surpassed $30 billion in late 2025, a tenfold increase from 2022. Tokenized U.S. Treasuries have been the fastest-growing segment within this market. - Founded in 2019 by former Morgan Stanley executives, Phemex serves over 10 million traders globally and processes billions in daily trading volume. - Ondo Finance, founded in 2021, has become a major player in RWA tokenization, with its Total Value Locked (TVL) growing to over $1.6 billion by mid-September 2025. - The tokenization of securities aims to solve traditional market limitations by enabling 24/7 transfers and fractional ownership, making high-value assets more accessible to a broader range of investors. - This trend of bringing traditional financial assets onto the blockchain is being explored by major financial institutions, including BlackRock and JPMorgan. BlackRock's CEO, Larry Fink, has referred to the tokenization of assets as the "next evolution of the market."
