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Ben Grossman
@ben_grossman
Brought stocks to the world onchain. Tokenization x Crypto. Head of Marketing @Ondo. Views are my own.
6.1K Following    14.8K Followers
People trade crypto because they want to be early. And if you can sell the possibility of being early (with friends), you have the next viral app
Fomo has onboarded almost 400K new active traders to its platform in a month. We have a new insane marketing case study.
I helped launch this in 2023 and still believe it is the most slept on use case in crypto. Physical cash to crypto and back. > Walk into any MoneyGram location > Convert your USDC <-> physical cash in hand > Any app can add this feature Available in basically every country around the world.
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BREAKING: @MoneyGram Ramps is live on Solana. 60M+ customers, nearly 500,000 retail locations, 170+ countries. One of the world's largest payments networks is now a single API away for every builder on Solana.
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Trade the biggest ETFs Leverage the world
Perps on two of the most traded ETFs in the world are now live: ▸ $SPY (S&P 500) ▸ $QQQ (Nasdaq-100) With SPYon and QQQon already supported as collateral, the basis trade is now unlocked.
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“Telegram operator not worried about telephones”
T-Mobile CEO on @Starlink Mobile: "The threat posed to mobile operators from satellite companies such as Starlink has been exaggerated and I struggle to see which consumer problems they would solve by entering the market." He believes satellite technology will remain “complementary” to existing networks. SpaceX President/COO Gwynne Shotwell said she anticipated SpaceX being able to “acquire quite a few” customers from the big three US mobile network operators - AT&T, Verizon and T-Mobile. SpaceX will launch Starlink Mobile V2 satellites next year and plans to begin its service at the end of 2027, Shotwell added.
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Wow! Accelerate.
The fastest start in RWA perps history. Over $7 billion in volume has been traded on Ondo Perps, with $5 billion since public access went live, more than any other RWA perps platform in its first month, per @DefiLlama. Key milestones achieved to date: ✅ Top 5 platform by 24-hour volume ✅ $20M+ in @Ondo Stocks collateral ✅ OI averaging ~$10M weekly growth ✅ $5B volume since launch & $7B total ✅ Hundreds of millions in 24-hr volume This is just the start for Ondo Perps. More milestones, markets, and innovations to come.
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🇺🇸 Americans are now spending more on taxes than on food, clothing, and housing combined.
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Forward to community
The fine print: Daily buy limit of $5k Meanwhile, someone just bought $646,501 of an Ondo tokenized stock
NEW: Dinari launches tokenized U.S. stocks for eligible American investors, offering 724 companies including the full S&P 500, tradeable in $USDC across Ethereum, Arbitrum, Base and Avalanche via self-custody wallets.
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Wow! A lot of coverage on tokenized single name stocks, but tokenized ETFs are on a tear
Ondo Finance added the most market cap among tokenized ETF issuers over the past year (+$338.6M). Binance bStocks (+$101.8M) and xStocks (+$85.9M) ranked second and third.
People are sleeping on tokenized tbills: > Accrue yield *daily* > Risk-free rate vs 0% with stablecoins > Freely transferrable and permissionless
Ondo Finance Deploys USDY on BNB Chain @Ondo Finance has expanded its yield-bearing note, $USDY, to the @BNBCHAIN ecosystem. The rollout provides the network's expansive retail and autonomous user base with direct access to daily-accruing yield backed by short-term U.S. Treasuries and bank deposits. The deployment is immediately accessible via major infrastructure providers including @1inch, @Ledger, @TrustWallet, and @LayerZero_Core.
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Buttigieg had a $10 billion federal budget to build EV stations and less than 250 were built
Pete Buttigieg says higher taxes would help America build fast trains. Has he seen California’s high-speed rail? "If we had a more reasonable rate of taxation on capital gains and corporate income, and made it harder to pass along inherited wealth..." "We’d be out of this doom loop we’re in saying... We can’t possibly do something like fast trains here in the United States. Of course we can. This is the wealthiest economy in the world." "If we aren't collecting a fair level of taxes, then of course we're going to come up short when we're trying to fund those things." California started its high-speed rail 18 years ago. Original cost: $33 billion. Current estimate: $230 billion. They've already spent $15 billion. They've built 0 miles of operational high-speed rail. Low taxes isn't why America can't build fast trains.
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Remember when they said the “science was settled”? Never forget
Science is messy , complex and uncertain In a crisis like a pandemic , public health messaging has to be crystal clear This inevitable conflict is Fauci's undoing Not entirely his fault
Since when did Claude turn into an insufferable nanny?
Uncanny
A Moroccan border patrol throwing a rock at a Moroccan man to keep him from returning to Morocco from Ceuta.
"Ondo Perps bet is winning on capital efficiency for anything that trades on wall street hours" Interesting!
.@OndoPerps whole moat pitch is tokenized shares as collateral instead of double-collateralizing with stables. Wanted to see if the onchain numbers actually back that up. – $5.44B cumulative volume – $333M 24h volume – $68.5M OI across 32 markets – ~5x daily volume against OI Typical of an incentive-heavy early phase, so I'm watching whether that leverage ratio holds once points taper off. Pledge TVL breakdown: – $28.24M total – $11.71M cash, $16.53M tokenized shares – 58% of collateral sitting as actual equities – 15K depositors, $34.7M total deposited SNDK, GOOGL, TSLA, MSFT… all showing up as actual margin. The productive capital thesis actually showing up in the accounts. Hyperliquid wins on throughput, Ondo Perps bet is winning on capital efficiency for anything that trades on wall street hours
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Everything is downstream of immigration policy: > Housing affordability > Healthcare costs > Emergency services > Education costs > Social services > Labor markets & unemployment > Crime & public safety > Welfare programs > Entitlement spending > Inflation You might not care about immigration policy, but immigration policy cares about you
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NEW: Spain is now deploying its military after thousands of military-aged men stormed over the border into Ceuta, Spain. Ceuta authorities are calling on Madrid to declare a national emergency after the border "totally collapsed." "The situation is absolute chaos. It’s not possible to give precise numbers, but there are thousands of migrants crossing," said head of the association that represents Spain’s Civil Guard officers in Ceuta, Rachid Sbihi, to AP. The Trump White House is now ripping Europe for its far-left policies. "President Trump has long warned Europe what would happen if they continue to implement far-left, globalist policies, including enabling mass migration," said WH principal deputy press secretary Anna Kelly to Fox. "Spain and other countries who have adopted this destructive philosophy should immediately reverse course or risk their own demise."
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$5 billion in ~3 weeks on Ondo Perps Five.
Ondo Perps just surpassed $4B in volume only ~2 weeks since it launched in GA. Very exciting Four.
Innovation thrives when investors have choices. The same applies to tokenization.
Tokenized securities need competition, not gatekeepers. In a new @CoinDesk op-ed, former House Financial Services Chair & Ondo Vice Chairman @PatrickMcHenry lays out how different tokenization models can compete to make U.S. markets stronger. Innovation thrives when investors have choices. Tokenized securities should not be treated as a single category. “Tokenized securities are not one thing. They can and do take different forms, and carry different rights. Treating them all the same will lead to bad policy and worse products for investors and issuers alike.” He outlines three models taking shape in parallel: → Customer-driven tokenization → Issuer-sponsored tokenization → Market infrastructure tokenization Each serves a different need and deserves a path. McHenry chaired the committee that wrote the rules for U.S. capital markets. The regulatory framework now taking shape around tokenization will define the next era of financial markets. “For years, I argued in Congress that digital asset policy needs clear rules of the road. That remains true. Clarity protects consumers and investors. It also keeps innovation in the United States.” The conversation in Washington is no longer whether tokenization is coming. It's how the United States leads it. Clear distinctions over gatekeepers, real competition over single-model mandates, and room for the best ideas to win. That is how American markets have always led, and how they will lead the next chapter of capital markets.
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