Phemex Exchange Integrates Tokenized Stock Suite
Cryptocurrency platform Phemex has completed the integration of Ondo Finance's tokenized stock offerings. The move aims to bridge real-world assets with the digital finance ecosystem, allowing users to trade tokenized versions of traditional securities.
- Phemex was founded in November 2019 by former Morgan Stanley senior executives, including CEO Jack Tao, with the goal of applying Wall Street-level professionalism and reliability to the cryptocurrency market. The Singapore-based exchange serves over 10 million users globally. - Ondo Finance was established in 2021 by co-founders with experience at Goldman Sachs, including CEO Nathan Allman. The firm specializes in tokenizing real-world assets (RWAs) and has secured $24 million in funding from investors such as Pantera Capital and Peter Thiel's Founders Fund. - The integration provides Phemex users with access to 14 specific tokenized stocks and ETFs from Ondo, including shares of NVIDIA, Apple, and Amazon, as well as trackers for the S&P 500 and Nasdaq 100. - The market for tokenized securities was valued at approximately $6.66 billion in 2025 and is projected to grow to $37.93 billion by 2035. Some analysts predict the broader asset tokenization market could reach over $40 trillion by 2032. - In the United States, the Securities and Exchange Commission (SEC) regulates tokenized stocks as traditional securities. This requires issuers to either register the offering or use a valid exemption, and secondary trading must take place on an SEC-registered national exchange or an approved Alternative Trading System (ATS). - The European Union follows a similar "technology-neutral" approach, treating tokenized stocks as "financial instruments" under the existing MiFID II framework, which governs traditional stocks and bonds.
