MEXC and Ondo Finance Expand Tokenized Stock Partnership
Crypto exchange MEXC and Ondo Finance have expanded their tokenized stock partnership, adding 17 new spot trading pairs. The firms also introduced zero-fee trading for the tokenized equities. This expansion deepens the integration of real-world assets into crypto-native trading platforms.
- This expansion represents the ninth phase of the collaboration between MEXC and Ondo Finance, which began with their first tokenized stock launch in September 2025. - The newly added tokenized equities are all ERC-20 tokens issued on the Ethereum blockchain and are denominated in USDT. - Ondo Finance focuses on tokenizing institutional-grade, real-world assets (RWAs), including U.S. Treasuries, stocks, and ETFs, aiming to bridge traditional finance with DeFi. The firm has established partnerships with major financial players like BlackRock and Mastercard to advance this goal. - Recently, Ondo Finance integrated Chainlink's data feeds to provide institutional-grade, on-chain pricing for its tokenized U.S. stocks. This allows assets like tokenized S&P 500 and Nasdaq-100 ETFs (SPYon, QQQon) to be used as collateral in DeFi lending protocols. - The broader strategy for Ondo includes building out a full suite of on-chain prime brokerage services. A key part of this is the recently announced Ondo Perps platform, which will allow for trading perpetual futures on equities using the tokenized spot assets as collateral. - This move is part of a larger trend in the RWA sector, which Boston Consulting Group forecasted could become a US$16 trillion market by 2030. - The tokenized stocks on MEXC are backed 1:1 by real shares held in custody by licensed financial institutions, with regular audits to ensure the reserves match the token supply. - Beyond MEXC, Ondo's tokenized assets are becoming more widely accessible across the crypto ecosystem, recently integrating with MetaMask to allow users to hold and trade these assets directly from their wallets.
