MEXC Expands Ondo Tokenized Stock Lineup With SK Hynix and Four Other Trading Pairs
Stocks
MEXC has expanded its collaboration with Ondo Finance by listing five new tokenized stock and ETF trading pairs on its spot market. The new additions include assets tracking the Direxion Daily Semiconductor Bull 3X ETF, the Direxion Daily Semiconductor Bear 3X ETF, Halliburton, Core Scientific, and SK hynix. These tokenized assets allow users to gain exposure to semiconductor, energy, and AI infrastructure sectors using USDT. The inclusion of SK hynix follows its significant $26.5 billion Nasdaq listing, highlighting the growing demand for high-bandwidth memory chips. By integrating these Ondo-backed products, MEXC continues to bridge traditional financial markets with blockchain-native trading environments. Each tokenized asset is backed by underlying securities held through regulated custodial brokers, ensuring a compliant framework for investors. This expansion underscores the increasing trend of exchanges incorporating real-world assets to provide users with diverse, 24/7 access to global equity markets.
Key points
- ▸MEXC added five new Ondo-backed tokenized stock and ETF pairs to its spot market.
- ▸New listings include SK hynix, Halliburton, Core Scientific, and Direxion semiconductor ETFs.
- ▸SK hynix recently completed a $26.5 billion Nasdaq listing to support AI infrastructure demand.
- ▸Tokenized assets are backed by underlying securities held via regulated custodial brokers.
Background
Ondo Finance specializes in tokenizing traditional financial assets, such as U.S. Treasuries and equities, to make them accessible on-chain. The protocol utilizes a compliant infrastructure where tokens represent ownership of underlying assets held by regulated custodians. This model allows blockchain users to trade real-world financial instruments without leaving the digital asset ecosystem.
Relevance
6.5/10
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