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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