Ondo Finance’s Ondo Stocks platform reached a record $1.26 billion in total value locked (TVL), after first surpassing $1 billion around August 15, 2026, with $1.01 billion. Launched in September 2025, the platform offers tokenized exposure to U.S. stocks and ETFs, including total-return exposure that reflects both price changes and returns associated with the underlying assets. Ondo targets retail and institutional users outside the United States and, as of August 2026, supported assets across Solana, Ethereum, and BNB Chain. The tokens are also used in leveraged trading and as collateral in lending markets, while cumulative trading volume has exceeded several billion dollars. In September 2026, the SEC granted a five-year innovation exemption covering on-chain trading of certain tokenized national market system stocks, potentially enabling round-the-clock trading of selected securities. Ondo executives project TVL could reach $5 billion by the end of 2026, citing improving regulatory clarity and demand for direct access to global stock markets.