Ondo Tops Tokenization Platforms With More Than $4B in TVL

Ondo Finance says it has become the largest tokenization platform by total value locked, with more than $4 billion across tokenized Treasuries, stocks, exchange-traded funds, portfolios and private-market products. The milestone reflects the company’s expansion beyond government debt into a broader range of financial assets distributed on blockchain networks. RWA.xyz’s platform ranking also places Ondo narrowly ahead of Securitize by tokenized asset value. According to RWA.xyz’s platform dashboard , Ondo held approximately $4.066 billion in tokenized assets, excluding stablecoins, across 484 assets, compared with approximately $3.969 billion for Securitize across 50 assets. This places the RWA platform ahead by roughly $97.1 million, maintaining its lead in the platform ranking.

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