Ondo Global Markets crossed $1 billion in total value locked for tokenized stocks by May 2026, roughly eight months after launching in September 2025. Ondo executives have suggested the platform could reach $5 billion by year-end.
The numbers behind the milestone
The entire tokenized equities market sat at roughly $424 million in mid-2025. By March 2026, that figure had ballooned to approximately $960 million, according to RWA.xyz data. Ondo alone holds about 60% of that market share.
CRCLon, an Ondo tokenized equity product, has surpassed $100 million in TVL on its own. It now ranks among the largest onchain tokenized equities, generating millions in daily trading volume.
The broader tokenized real-world asset market, excluding stablecoins, grew roughly 30% in Q1 2026 alone, reaching approximately $29 billion in onchain value.
