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Ondo Finance just turned your cold storage wallet into something resembling a brokerage account. The protocol’s Ondo Global Markets platform now supports native swaps for over 260 tokenized US stocks and ETFs directly within Ledger hardware wallets, a significant expansion from the roughly 100 assets available when the Ledger partnership first launched in September 2025.
Each tokenized asset is an ERC-20 token backed 1:1 by the underlying security, held by US broker-dealers along with cash in transit. If you’re holding Teslaon or NVDAon in your Ledger, there’s a real share of Tesla or Nvidia sitting in a custodial account somewhere.
How the swaps actually work
The integration uses 1inch Fusion for routing, which means the protocol finds optimal swap paths across liquidity sources. Users can trade tokenized versions of individual stocks and ETFs, including assets like SPYon, QQQon, and McDon, without ever leaving their Ledger wallet interface.
The platform operates across multiple chains, including Ethereum, Solana, and BNB Chain. Custodial infrastructure comes from partners like BitGo and Ledger themselves.
One important caveat: the entire platform remains off-limits to US persons.
The numbers behind Ondo Global Markets
OGM has crossed $1 billion in total value locked, reaching that milestone in under eight months. Cumulative trading volume has exceeded $18 billion. OGM commands approximately 70% market share in the tokenized equity space. The platform has attracted tens of thousands of holders across its tokenized asset suite.
A partnership with Broadridge, announced on April 28, 2026, added another dimension entirely. Through this collaboration, holders of over 250 tokenized assets can now express voting preferences, effectively linking on-chain tokens to traditional shareholder governance.
What this means for investors
For non-US investors specifically, this creates a pathway to US equity exposure without the typical barriers of international brokerage accounts, currency conversion headaches, or settlement delays. A user in Singapore or Germany can now swap between tokenized Nvidia shares and tokenized S&P 500 ETF units in their Ledger, settling on-chain in minutes rather than the T+1 cycle of traditional markets.
Broadridge is a fintech infrastructure company that processes trillions of dollars in securities transactions annually. Their willingness to build proxy voting tools for tokenized assets signals that traditional finance is starting to treat these tokens as legitimate instruments.
The tokens are offered as structured notes issued via a British Virgin Islands vehicle, granting users economic exposure without direct shareholder rights.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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