Ondo launches 24/7 minting for tokenised US stocks

Ondo has launched 24/7 minting and redemption for a selection of tokenised US stocks and exchange-traded funds on Ethereum and BNB Chain.

The move expands its previous 24/5 model, which paused at weekends in line with US equity market hours, though on-chain transfers were already available at all times.

Eligible users can now mint or redeem six tokenised assets at any time, including weekends and US public holidays, at the prevailing price. The first assets covered by the round-the-clock service are SPYon, QQQon, CRCLon, NVDAon, TSLAon and GOOGLon.

Tokenised stocks and ETFs on the platform could already be held, transferred, and used across supported wallets, exchanges, custodians, and protocols on an ongoing basis. The change brings issuance and redemption into line with that always-open transfer model.

Market access

Tokenised stocks are digital tokens designed to track listed equities or funds and circulate on blockchain networks. In practice, many platforms allow secondary trading or transfers outside standard exchange hours, while still limiting direct creation and redemption to conventional market windows.

Ondo said this is the first time tokenised stocks and ETFs can be minted and redeemed continuously, rather than only transferred around the clock. That distinction matters because minting and redemption determine how investors enter and exit the underlying exposure directly on the platform, rather than only through secondary market trades.

The company said digital asset investors increasingly expect uninterrupted access, similar to that in cryptocurrency markets. By removing the weekend pause, Ondo aims to allow users to open or close positions in tokenised US equities outside normal Wall Street trading hours.

Platform expansion

Ondo's Global Markets platform lists more than 430 tokenised stocks and ETFs across Solana, Ethereum and BNB Chain. Solana is due to be added to the 24/7 minting and redemption service later.

The business also said it has passed USD $1 billion in total value locked for tokenised stocks, which it described as more than the rest of the sector combined. Total value locked is a common measure in the digital asset market of assets deposited in a protocol or product.

Beyond trading, its tokenised stocks are being used as collateral on platforms including Ondo Perps, Morpho and Euler. That reflects a broader push in digital finance to use tokenised versions of traditional securities in lending, derivatives and other blockchain-based transactions.

Industry shift

The launch comes as tokenisation groups try to bring conventional financial instruments into markets that operate continuously rather than by exchange timetables. Supporters say digital wrappers around shares, funds and other assets can make them easier to move, trade and post as collateral across blockchain networks.

At the same time, the sector remains shaped by the mechanics of the underlying traditional assets, especially in pricing, settlement and market closures. That has left many tokenised products with a hybrid structure in which tokens can circulate at all times, even as some primary market functions remain tied to weekday schedules.

Ondo's latest change is intended to narrow that gap. Eligible users can now mint or redeem supported tokenised stocks and ETFs around the clock at the prevailing price, enabling a continuous process throughout the full lifecycle of those assets.

The first six products chosen for the new model are among the most actively traded tokenised names on the platform, and more assets will be added later, according to the company.