Ondo Stocks Tokenized Equities TVL Surpasses $1B

Crossing $1 billion in TVL matters less as a headline number than as evidence that tokenized equities are attracting real capital rather than pilot-stage curiosity. The signal is directional: RWA tokenization is moving from treasury products into the equity space, where settlement, custody and regulatory treatment are harder problems. The open question is whether this reflects durable demand from issuers and holders or a narrow concentration among a few users — and whether other platforms follow with comparable volumes.