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Ondo pipes tokenized US stocks from BNB to HyperEVM, turning blue\u2011chip equities into on\u2011chain collateral for basis, arb and delta\u2011neutral strategies.<\/p>\n
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Ondo Finance has deepened its tokenization push by routing U.S. stock and ETF exposure from BNB Chain into Hyperliquid\u2019s HyperEVM, using a cross\u2011chain bridge built on LayerZero\u2019s messaging framework. The new connection brings 35 tokenized assets \u2014 including SPY, QQQ, NVDA, TSLA, GOOGL, NFLX and BABA \u2014 onto HyperEVM, where they can be combined with perps and on\u2011chain funding markets for basis trades, funding\u2011rate arbitrage and delta\u2011neutral positioning.<\/p>\n
The bridge builds on Ondo\u2019s existing LayerZero integration, which it previously described as \u201cthe largest live bridge dedicated to tokenized securities\u201d by supported assets, and extends that architecture beyond Ethereum and BNB Chain into the Hyperliquid ecosystem. Ondo\u2019s model relies on offshore special purpose vehicles that buy and custody underlying U.S. securities with registered broker\u2011dealers, then issue on\u2011chain notes that transmit economic risk, a structure that a recent market explainer categorized as \u201cindirect tokenization\u201d because token holders have claims against the issuer rather than legal title to the shares themselves.<\/p>\n
Since Ondo Global Markets went live in September 2025, the platform has scaled rapidly, with total value locked in tokenized stocks and ETFs surpassing $970 million and cumulative trading volume closing in on $18 billion, cementing its status as the largest tokenized securities venue globally. A March update highlighted that tokenized stocks alone accounted for more than $700 million of that TVL and over 60% of the entire tokenized\u2011equity market, while a separate investor update in January said Ondo had become \u201cthe #1 largest issuer for both tokenized treasuries and stocks,\u201d with more than $2.5 billion in combined TVL across products.<\/p>\n
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For Hyperliquid and its users, the Ondo bridge broadens the available collateral and strategy set on HyperEVM, which already hosts Felix Protocol\u2019s offering of more than 260 Ondo\u2011powered tokenized stocks and ETFs. Felix, originally a lending platform, now ranks among the top DeFi applications on Hyperliquid\u2019s L1 with roughly $167 million in TVL, and a recent market overview noted that tokenized stocks across platforms have exploded past $1.5 billion in aggregate TVL as non\u2011U.S. traders seek on\u2011chain routes into U.S. equity markets.<\/p>\n
The move also slots into a broader race among issuers and venues to dominate real\u2011world asset liquidity, with Ondo already powering tokenized stock access on venues such as Binance\u2019s relaunched tokenized stock business and MetaMask\u2019s integration of tokenized U.S. stocks and ETFs. By wiring tokenized blue chips into HyperEVM\u2019s derivatives rails, Ondo and Hyperliquid are effectively turning on\u2011chain equities into building blocks for the same kind of complex, levered basis and volatility trades that have long defined traditional prime brokerage desks \u2014 only this time, they live in public smart contracts instead of proprietary bank stacks.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Ondo pipes tokenized US stocks from BNB to HyperEVM, turning blue\u2011chip equities into on\u2011chain collateral for basis, arb and delta\u2011neutral strategies. Summary Ondo Finance has extended its tokenized securities bridge…<\/p>\n","protected":false},"author":1,"featured_media":11526,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28173"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28173\/revisions"}],"predecessor-version":[{"id":28174,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28173\/revisions\/28174"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11526"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}