Blockchain.com Adds 173 Tokenized Stocks Because the Future Is Apparently Just ETFs Wearing Sneakers 🧦

Blockchain.com has added 173 tokenized stocks and exchange-traded funds to its platform through a partnership with Ondo Finance, bringing its catalog of tokenized traditional assets to more than 430 offerings across Ethereum, Solana and BNB Chain. The listings, announced Wednesday, include tokenized exposure to private company shares, active exchange-traded funds, Treasury products and covered-call strategies, with Blockchain.com highlighting SpaceX's SPCX token among the additions. Themed baskets tied to AI infrastructure, energy, robotics, autonomous vehicles and quantum computing are also included, alongside income-focused products from Global X and other issuers.

The expansion arrives as regulators consider loosening rules that have shaped how tokenized equities are traded. A recent US Securities and Exchange Commission proposal to scrap two rules in its national market system regulations was described by Galaxy head of research Alex Thorn as "one of the biggest unlocks yet for tokenized stocks," adding that it would remove "one of the biggest structural barriers to tokenized US equities trading in DeFi." Blockchain.com said the assets are available immediately through Ondo's routing and liquidity infrastructure, which supports trading across all 173 new listings at launch.

Ondo is one of the largest tokenization platforms by asset value, with roughly $3.8 billion in distributed assets across 267 tokenized products, according to RWA.xyz data. The launch follows Blockchain.com's introduction one week earlier of a SpaceX-linked perpetual contract for institutional clients, extending its move into tokenized and traditional financial markets.

Tokenized equities have grown rapidly during the year, with RWA.xyz reporting roughly $1.57 billion in distributed value, up nearly fivefold from about $330 million a year ago. The market includes tokenized shares of public companies, ETFs and private firms, with Strategy, Circle, Nvidia and Exodus among the largest tokenized equity assets by value.

Competition among platforms offering onchain access to traditional financial assets has intensified. Earlier this month, Exodus launched a marketplace for more than 200 tokenized stocks, ETFs and other real-world assets through a separate partnership with Ondo Finance, while several platforms rolled out products tied to SpaceX's IPO, ranging from tokenized IPO access and pre-IPO contracts to perpetual futures. Binance said its SpaceX tokenized IPO offering attracted more than $557 million in USDC deposits from users seeking exposure to the listing, though Binance, Bybit, Bitget Wallet and MEXC later cancelled tokenized SpaceX offerings and issued refunds after failing to secure share allocations.