Tokenization of US stocks accelerates real-world adoption. BlackRock teams up with ONDO to usher in a new era of on-chain smart investing
I. ONDO surges 32%, tokenized finance reaches a milestone
On September 24, the tokenized finance sector saw a major breakthrough. Ondo Finance announced a partnership with BlackRock, the world’s largest asset manager, to officially launch an on-chain smart investment portfolio product. After the announcement, the ONDO token price jumped by approximately 32% in a single day, reaching $0.57. Trading volume surged significantly, and market sentiment turned extremely upbeat.
The smart investment portfolio unveiled in this release includes three major strategy directions: tracking US stock equities, bonds, and Bitcoin ETFs, all issued in the form of on-chain tokens. This means investors do not need to use traditional brokerage accounts to obtain a professionalized asset-allocation solution endorsed by BlackRock directly on the blockchain. This is the first time a traditional financial giant has deeply participated in the design and issuance of an on-chain investment portfolio product, marking the moment tokenized finance has officially entered the regulated mainstream market.
II. Tokenized US stock ecosystem continues to expand
Meanwhile, tokenized US stock offerings on Binance’s Web3 platform are also growing. Currently listed tokenized US stock products include on-chain tokens for multiple industry leaders, such as Eli Lilly, Merck, and Lincoln Electric. These tokens allow global investors to access core US equity assets with lower barriers, and trading is no longer restricted to the opening hours of the New York Stock Exchange.
Judging by market performance, trading activity for tokenized US stocks has been steadily increasing. The premium rates of certain tokens remain within a reasonable range, indicating that on-chain pricing mechanisms are gradually maturing. For investors in Asia-Pacific and Europe, tokenized US stocks offer a new always-on channel to trade core US equities—an advantage that traditional financial infrastructure struggles to match.
III. The Fed’s stablecoin regulatory framework paves the way for the industry
Against the backdrop of rapid growth in tokenized finance, US regulators are also moving quickly to keep up. The Federal Reserve has recently proposed two regulatory rules for stablecoin issuers under the GENIUS Act, requiring regulated stablecoin issuers to hold compliant reserve assets on a 1:1 basis and meet standardized capital requirements. The proposal is currently in a 60-day public comment period.
The introduction of this regulatory framework is significant for the entire tokenized finance ecosystem. Stable regulatory expectations will attract more traditional financial institutions into the on-chain market, and it will also provide legal backing for the compliant operation of products such as tokenized US stocks. Compliant stablecoin issuers like Circle and Tether are expected to benefit, while smaller, non-compliant issuers face greater survival pressure.
IV. Rising US Treasury yields increase pressure on risk assets
Notably, US 30-year Treasury yields have recently surged to 5.53%, the highest level since 2004. Ten-year Treasury yields have also broken above 5.1%. High oil prices, large-scale capital expenditures in the artificial intelligence sector, and federal debt reaching $40 trillion are the main factors pushing yields higher.
A high-yield environment creates pressure for risk assets, including Bitcoin. UBS Group warned that market pricing for further Fed tightening may be overly aggressive. However, some analysts have noted that Bitcoin’s recent performance is increasingly resembling gold rather than stocks, suggesting a degree of safe-haven demand. At the same time, US spot Bitcoin ETFs have recorded net inflows for six consecutive trading days, with cumulative inflows exceeding $2.8 billion, indicating that institutional demand for long-term allocation to crypto assets remains strong.
V. Security incidents in the industry ring alarm bells
While the industry is developing at high speed, security issues cannot be overlooked. On September 24, the crypto exchange Bitget confirmed that its hot wallet was stolen—about $388 million—becoming the largest exchange hacking incident in 2026 to date. Bitget’s CEO said the attack method closely matches the North Korean Lazarus Group. Circle and Tether have urgently frozen related stablecoins totaling approximately $318,000. Bitget stated that its $464 million protection fund is sufficient to cover user losses.
This incident once again reminds participants in the industry that when pursuing innovation and growth, the building of secure infrastructure must never be relaxed.
Overall, tokenized finance is moving from concept to reality at an unprecedented pace. The partnership between BlackRock and ONDO, the Fed’s regulatory framework, and the ongoing expansion of tokenized US stocks together paint a picture of deep integration between traditional finance and blockchain. For investors, this is both an opportunity and a challenge—success hinges on grasping the trend, managing risks, and participating rationally.
#代币化美股 #ONDO #Federal Reserve stablecoin regulation
I. ONDO surges 32%, tokenized finance reaches a milestone
On September 24, the tokenized finance sector saw a major breakthrough. Ondo Finance announced a partnership with BlackRock, the world’s largest asset manager, to officially launch an on-chain smart investment portfolio product. After the announcement, the ONDO token price jumped by approximately 32% in a single day, reaching $0.57. Trading volume surged significantly, and market sentiment turned extremely upbeat.
The smart investment portfolio unveiled in this release includes three major strategy directions: tracking US stock equities, bonds, and Bitcoin ETFs, all issued in the form of on-chain tokens. This means investors do not need to use traditional brokerage accounts to obtain a professionalized asset-allocation solution endorsed by BlackRock directly on the blockchain. This is the first time a traditional financial giant has deeply participated in the design and issuance of an on-chain investment portfolio product, marking the moment tokenized finance has officially entered the regulated mainstream market.
II. Tokenized US stock ecosystem continues to expand
Meanwhile, tokenized US stock offerings on Binance’s Web3 platform are also growing. Currently listed tokenized US stock products include on-chain tokens for multiple industry leaders, such as Eli Lilly, Merck, and Lincoln Electric. These tokens allow global investors to access core US equity assets with lower barriers, and trading is no longer restricted to the opening hours of the New York Stock Exchange.
Judging by market performance, trading activity for tokenized US stocks has been steadily increasing. The premium rates of certain tokens remain within a reasonable range, indicating that on-chain pricing mechanisms are gradually maturing. For investors in Asia-Pacific and Europe, tokenized US stocks offer a new always-on channel to trade core US equities—an advantage that traditional financial infrastructure struggles to match.
III. The Fed’s stablecoin regulatory framework paves the way for the industry
Against the backdrop of rapid growth in tokenized finance, US regulators are also moving quickly to keep up. The Federal Reserve has recently proposed two regulatory rules for stablecoin issuers under the GENIUS Act, requiring regulated stablecoin issuers to hold compliant reserve assets on a 1:1 basis and meet standardized capital requirements. The proposal is currently in a 60-day public comment period.
The introduction of this regulatory framework is significant for the entire tokenized finance ecosystem. Stable regulatory expectations will attract more traditional financial institutions into the on-chain market, and it will also provide legal backing for the compliant operation of products such as tokenized US stocks. Compliant stablecoin issuers like Circle and Tether are expected to benefit, while smaller, non-compliant issuers face greater survival pressure.
IV. Rising US Treasury yields increase pressure on risk assets
Notably, US 30-year Treasury yields have recently surged to 5.53%, the highest level since 2004. Ten-year Treasury yields have also broken above 5.1%. High oil prices, large-scale capital expenditures in the artificial intelligence sector, and federal debt reaching $40 trillion are the main factors pushing yields higher.
A high-yield environment creates pressure for risk assets, including Bitcoin. UBS Group warned that market pricing for further Fed tightening may be overly aggressive. However, some analysts have noted that Bitcoin’s recent performance is increasingly resembling gold rather than stocks, suggesting a degree of safe-haven demand. At the same time, US spot Bitcoin ETFs have recorded net inflows for six consecutive trading days, with cumulative inflows exceeding $2.8 billion, indicating that institutional demand for long-term allocation to crypto assets remains strong.
V. Security incidents in the industry ring alarm bells
While the industry is developing at high speed, security issues cannot be overlooked. On September 24, the crypto exchange Bitget confirmed that its hot wallet was stolen—about $388 million—becoming the largest exchange hacking incident in 2026 to date. Bitget’s CEO said the attack method closely matches the North Korean Lazarus Group. Circle and Tether have urgently frozen related stablecoins totaling approximately $318,000. Bitget stated that its $464 million protection fund is sufficient to cover user losses.
This incident once again reminds participants in the industry that when pursuing innovation and growth, the building of secure infrastructure must never be relaxed.
Overall, tokenized finance is moving from concept to reality at an unprecedented pace. The partnership between BlackRock and ONDO, the Fed’s regulatory framework, and the ongoing expansion of tokenized US stocks together paint a picture of deep integration between traditional finance and blockchain. For investors, this is both an opportunity and a challenge—success hinges on grasping the trend, managing risks, and participating rationally.
#代币化美股 #ONDO #Federal Reserve stablecoin regulation