IMF ranks Ondo among largest tokenized asset issuers
RWA Signal Insight
U.S. TreasuriesThe International Monetary Fund (IMF) highlighted Ondo Finance as a leading platform in the tokenized asset market within its October 2026 Global Financial Stability Report. Utilizing data from RWA.xyz, the report identifies Ondo alongside major entities like Securitize, Circle, and Tether as key drivers of the sector. While the tokenized market is expanding, the IMF notes it remains small compared to the $300 trillion global capital market, with tokenized assets contributing roughly $65 billion in daily volume. The report emphasizes that fractional ownership is a primary driver, with 80% of tokenized equity trades involving amounts smaller than a single share. Despite this growth, the IMF identifies legal certainty, regulatory clarity, interoperability, and settlement infrastructure as significant barriers to widespread adoption. Furthermore, the report warns that rapid scaling could introduce systemic risks such as liquidity runs and contagion if traditional market buffers are removed. Ondo Finance currently manages approximately $2.9 billion in tokenized U.S. Treasuries and $3.9 billion in total value locked, signaling its transition from an experimental project to an institutional-grade participant.
Key points
- IMF report identifies Ondo Finance as a top-tier issuer in the tokenized asset market.
- Tokenized assets generate approximately $65 billion in daily volume, excluding repo markets.
- Fractional ownership accounts for 80% of tokenized equity trades, highlighting retail and institutional demand.
- Ondo Finance reports $3.9 billion in total value locked, including $2.9 billion in Treasuries.
Background
Ondo Finance is a protocol that bridges traditional financial products to blockchain networks by offering yield-bearing tokens backed by U.S. Treasuries and other assets. It functions by creating on-chain representations of real-world financial instruments, allowing investors to access institutional-grade products with 24/7 liquidity. The platform integrates with major financial infrastructure providers to ensure compliance and interoperability within the broader capital markets.