Ondo Finance said Ondo Perps surpassed $100 million in open interest after its July launch and ranked among the top three RWA (real-world asset) perpetual-contract venues, according to DefiLlama data. The platform also recorded about $9 billion in notional trading volume during its first seven weeks. Separately, Ondo Stocks reached $1 billion in TVL (total value locked) in eight months and exceeded 270,000 cumulative holders after its September 2025 launch. Managing Director John Hoffman said tokenized assets are following an ETF-like adoption path, while potential legislation such as the Clarity Act could support access to the U.S. market.