Tokenization and the Future of U.S. Capital Markets The way investors access public markets is being rebuilt. Tokenization, once a fringe idea, is becoming core infrastructure, and the implications run well beyond crypto. Ondo has been building toward this future for years. We launched one of the first and most widely held tokenized Treasury products, and today we bring stocks and ETFs onchain at meaningful scale. Along the way, our goal has been the same: make the financial system more accessible, more efficient, and more useful to the investors it exists to serve. One of the great strengths of U.S. capital markets is the range of ways investors can gain exposure to the same underlying asset: direct ownership, funds, ETFs, derivatives, structured products. Tokenization is a natural extension of that tradition. Different forms, including “native” and “wrapped”, each have a role to play, and each can expand investor choice without compromising the protections that make these markets trusted in the first place. For U.S. policymakers, the question to ask of any new development remains: does it serve investors, promote market integrity, and strengthen the U.S. position as the financial capital of the world? We’re optimistic about where this is heading, and ready to keep building.

Tokenization has become one of crypto’s biggest narratives But @iyoshyoshi from @AlpacaHQ says assets shouldn’t be tokenized just for the sake of it Instead, tokenization should serve as part of the broader paradigm shift from traditional finance to onchain financial systems

Tokenization itself is not the end state. Assets that reach every market are. USDT0 began moving less than $500K a day to more than $200M in 24 hours. Money is becoming internet-native, and now it can move as easily as information.

RWA tokenization has been "about to happen" for years. Last month, Apex Group committed to $100 billion in tokenized assets on T-REX by June 2027. So what actually changed? We brought together Daniel Coheur (@ApexGlobalGroup), Joachim Lebrun (@trex_network), Serena Leung (@0xPolygon), and Jonathan Alexander (@OpenZeppelin) to find out.