EL7.AI
CryptoMedium•5 November 2026•
3 min read

Ondo leads tokenized asset platforms as value surpasses $4 billion

Key Facts

1Ondo announced on November 5, 2026, that it had topped the RWA.xyz ranking after the value of its tokenized assets surpassed $4 billion.
2The value of non-stablecoin real-world assets tokenized on-chain exceeded $39 billion, compared with about $4 billion at the start of 2025.
3Ondo said its products represent about 10% of non-stablecoin tokenized value, and that their holders number more than 565,000.
4Ondo Global Markets includes more than 430 tokenized U.S. stocks and ETFs, with a value exceeding $900 million.

Ondo Finance announced on November 5, 2026, that it had topped the tokenization platform ranking tracked by RWA.xyz, after the value of its tokenized assets surpassed $4 billion. The announcement puts the company at the top of the platforms in this ranking, which measures the value of tokenized products, not assets under management in the traditional sense. Ondo said the growth covered U.S. Treasuries, stocks, ETFs and institutional offerings. This comes in a market where the value of non-stablecoin real-world assets tokenized on-chain stood at more than $39 billion at the time of the announcement. Ondo thus topped a market with a reported total value exceeding $39 billion, according to company data.

The company estimated that the value of non-stablecoin real-world assets tokenized on-chain exceeded $39 billion at the time of its announcement, compared with about $4 billion at the start of 2025. The comparison shows the expansion of the base of these assets over the period, while Ondo said its products represent about 10% of the non-stablecoin tokenized value. It added that the number of holders of its on-chain products exceeded 565,000. These figures combine the company's share of market value with the number of participants holding its tokenized products. The estimates are based on what Ondo reported in its November 5 announcement.

Ondo said its top ranking reflects growth in U.S. Treasury, stock and ETF products, as well as institutional offerings. It added that it was the only platform to rank among the top two in both tokenized Treasuries and tokenized stocks. This indicates, in the company's description, its presence in two different product categories rather than reliance on a single category. Ondo Global Markets offers more than 430 tokenized U.S. stocks and ETFs. The tokenized value of these instruments exceeds $900 million, according to the company's announcement.

The company said its products are available on 10 blockchains. The value of investors' holdings on Solana and Stellar combined exceeded $500 million, while holdings on BSC approached $500 million. This distribution places the value of products across multiple networks among the details of the platform's expansion, alongside growth in its investment categories. Ondo previously said that Ondo Global Markets became the largest issuer of tokenized stocks within 48 hours of its launch in September 2025. This timeline provides context for the growth of its tokenized stock business ahead of the platform's top ranking announcement in November 2026.

Ondo's disclosures state that stock tokens provide economic exposure to the performance of underlying assets, but are not the stocks or funds themselves. They also do not give holders ownership rights in, the right to own, or the right to receive those assets. This distinction defines the relationship between the token and the security it tracks: the exposure remains economic and does not become direct ownership of the underlying asset. The company clarified that these tokens do not give holders rights to receive the relevant assets. This disclosure forms part of the details of the products covered by the company's announcement about its ranking and tokenized value.