Ondo aims to let investors hold and move traditional financial exposures—such as US Treasurys, money market funds, and US equities—onchain, within wallets alongside stablecoins. It plans to launch tokenized US stocks and ETFs on Solana in early 2026, expanding from existing offerings on other blockchains. Users will be able to trade stock tokens 24/7 with near-instant settlement while true ownership and shareholder rights remain offchain with US-registered broker-dealers. Only economic exposure, including dividends, passes to token holders; jurisdictional restrictions and investor eligibility apply due to regulatory requirements. Ondo’s model uses actual securities custody with supply expanding or contracting through minting/redemption tied to the underlying assets. Pricing and corporate actions are managed by an oracle layer, notably Chainlink, while Solana’s technical features enforce compliance and eligibility rules at the token level via transfer hooks. Access will mirror regulated investment products, requiring onboarding and KYC. The main appeal is faster settlement and increased flexibility, but users lack direct shareholder rights, and proper custody and price tracking are essential for reliable performance. Regulatory scrutiny and user protection measures will be central as launch approaches.

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