Ondo Finance Launches Tokenized BitGo Stock Following NYSE IPO

TheNewsCryptoPublished on 2026-01-23Last updated on 2026-01-23

Abstract

Ondo Finance has launched a tokenized version of BitGo stock (BTGOon) on Ethereum, Solana, and BNB Chain through its Ondo Global Markets platform. This follows BitGo's successful NYSE IPO, where its stock price rose 2.7% on the first trading day, valuing the company at approximately $2 billion. The launch expands Ondo's tokenized equities platform, providing on-chain access to the newly public crypto custodian. A recent report indicates the total market value of tokenized stocks has reached an all-time high of $441.2 million, with Ondo Finance dominating the sector, accounting for 54.4% of the total. Ondo also announced plans to bring over 200 tokenized U.S. stocks and ETFs to the Solana blockchain.

Ondo Finance, a DeFi Protocol, introduced on-chain access to the BitGo stock on January 22. On the same day, the company launched its first public offering on the New York Stock Exchange. With that, it expands its U.S. tokenized equities platform and provides fast access to the newly public crypto custodian.

The tokenized asset, known as BTGOon, will be traded on Ethereum, Solana, and BNB Chain through Ondo Global Markets, the company’s on-chain trading platform for traditional financial assets, immediately after it begins trading on the Newyork Stock Exchange (NYSE). Also, Ondo was among the first U.S. companies to tokenize its stock so soon after becoming public.

With that, after pricing its initial public offering (IPO) at $18 per share, crypto custodian BitGo (BTGO) ended its first trading day on the New York Stock Exchange, up about 2.7% to $18.49. During early trading hours, the stock increased as much as 36% to $24.50 per share. The company was valued at about $2 billion in the transaction.

With that, earlier today, a report from Token Terminal shows that tokenized stocks have reached an all-time high market value of $441.2 million, with Ondo Finance leading issuance and accounting for 54.4% of the total, as it highlights Ondo Finance’s growing dominance in the tokenized equities.

Ondo broadens on-chain access to U.S. stocks

Ondo Global Markets keeps expanding, as revealed by its announcement on January 21 to provide more than 200 tokenized U.S. stocks and exchange-traded funds (ETFs) with traditional finance liquidity to Solana for the first time.

Ondo Global Markets has quickly grown to become the largest tokenized securities platform globally since its September 2025 launch on Ethereum and its October expansion to BNB Chain, with over $460 million in total value locked and over $6.8 billion in cumulative trading volume.

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