#What has Ondo Finance Achieved with Ledger Wallets?
Ondo Finance has transformed cold storage wallets into platforms akin to brokerage accounts. Through its Ondo Global Markets, users can now conduct native swaps for over 260 tokenized US equities and ETFs directly from their Ledger hardware wallets. This capability marks a substantial increase from the initial offering of about 100 assets at the time of the Ledger partnership launch in September 2025.
Each of these tokenized assets operates as an ERC-20 token, ensuring they are backed 1:1 by the actual underlying securities. These securities are held by registered US broker-dealers, accompanied by cash during the transfer. Therefore, when you possess tokenized Tesla (Teslaon) or Nvidia (NVDAon) in your Ledger, it is directly tied to real shares of these companies.
#How Are the Tokenized Asset Swaps Managed?
The swap process leverages the capabilities of 1inch Fusion for liquidity routing, allowing the protocol to identify optimal paths for swaps across multiple liquidity sources. This means investors can trade tokenized stocks and ETFs—such as SPYon, QQQon, and McDon—without leaving their Ledger wallet interface, streamlining the trading experience.
It is worth noting that the platform operates across various blockchains, including Ethereum, Solana, and BNB Chain, utilizing custodial infrastructure from partners like BitGo and Ledger.
#Is the Platform Accessible to All Investors?
Currently, it’s crucial to understand that this entire platform is not available to US persons, limiting its accessibility to certain markets.
#What Are the Performance Metrics of Ondo Global Markets?
Ondo Global Markets (OGM) has achieved impressive figures, surpassing $1 billion in total value locked within just eight months. Cumulative trading volume has gone beyond $18 billion, with OGM capturing approximately 70% of the market share in the tokenized equity sector. It has also attracted a large community, boasting tens of thousands of asset holders.
Additionally, a recent partnership with Broadridge, announced on April 28, 2026, allows holders of over 250 tokenized assets to express their voting preferences, effectively forging a connection between on-chain tokens and traditional shareholder governance.
#What Opportunities Does This Present for Investors?
For those outside the US, this platform opens up avenues to invest in US equities without dealing with the usual complications associated with international brokerage accounts. Investors from countries like Singapore or Germany can seamlessly swap tokenized shares of Nvidia for units of the S&P 500 ETF within their Ledger wallets, finalizing transactions on-chain within minutes, compared to the traditional T+1 settlement period.
Broadridge, a leading fintech infrastructure firm processing trillions in annual securities transactions, shows its commitment by developing proxy voting tools for these tokenized assets. This initiative symbolizes a significant recognition of these digital tokens as valid financial instruments.
The tokens themselves are structured notes issued through a vehicle in the British Virgin Islands, providing economic exposure to the underlying securities without granting direct shareholder rights.