Ondo Finance and Alpaca Collaborate to Tokenize US Stocks and ETFs

Bridging traditional finance and on-chain markets, increasing access to high-quality assets

New York, NY - September 3, 2025 - Today, Ondo Finance, a leader in blockchain-based financial innovation and tokenized real-world assets, announced the launch of Ondo Global Markets, their platform for tokenized US stocks and ETFs. The platform is powered by a strategic integration with Alpaca, a self-clearing broker-dealer and brokerage infrastructure API for stocks, ETFs, and options trading, as well as crypto.

According to a McKinsey report, the tokenized market capitalization could reach around $2 trillion by 2030 across a variety of asset classes*. This expected rise in market demand for tokenized assets, like US stocks and ETFs, comes as global investors continue to face barriers, including strict market access rules, high minimums, and cumbersome settlement processes. The collaboration between Ondo and Alpaca aims to remove these barriers.

Powered by Alpaca’s Broker API, Ondo Global Markets is offering:

  • 100+ Assets Live, 1,000+ Coming – Leading tokenized stocks and ETFs are now available, with plans to scale to 1,000+ by year-end
  • Transferable 24/7 – Tokenized stocks and ETFs are transferable peer-to-peer and available 24/7/365 where allowed
  • Deep Liquidity – Global Markets provides access similar to traditional exchange liquidity for on-chain investors
  • Usable in DeFi – Ondo assets behave like stablecoins for ease of use and automation, enabling tokenized stocks to be used in DeFi
  • Industry Backing – Ondo tokenized stocks are fully backed by US stocks and ETFs which are held in custody by US broker-dealers and independent security agents 

Available now across qualified Asia-Pacific, African, and Latin American markets, Ondo Global Markets is providing access to over 100 tokenized US stocks and ETFs, with plans to increase to over 1,000 assets available by the end of the year.

“Global investors have historically faced barriers to accessing the approximately $63 trillion US securities markets due to high fees, limited access, transfer frictions, platform fragmentation, and geographic exclusions, locking millions out of capital markets,” says Ian De Bode, Chief Strategy Officer at Ondo Finance. “Working with Alpaca allows us to tokenize US stocks and ETFs with the speed, accessibility, and programmability of blockchain for these global investors.”**

"The future of finance lies in bridging traditional and decentralized markets," says Yoshi Yokokawa, CEO and Co-Founder of Alpaca. "Ondo reflects that, and Alpaca is dedicated to enabling this transformation globally with the infrastructure that makes it possible."

This collaboration highlights the ongoing evolution of the financial landscape, where technology may make certain investment opportunities more globally accessible. Ondo Global Markets is currently available on Ethereum, with Solana and BNB Chain launching soon.

Contact Alpaca

About Alpaca

Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, crypto, options, fixed income, and 24/5 trading– raising over USD170 million in funding. Alpaca is backed by top-tier investors globally, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator.

About Ondo Finance

Ondo is a blockchain technology company. Its mission is to accelerate the transition to an open economy by building the platforms, assets, and infrastructure that bring financial markets on-chain.


* ”From ripples to waves: The transformational power of tokenizing assets.” McKinsey & Company. June 20, 2024. https://www.mckinsey.com/industries/financial-services/our-insights/from-ripples-to-waves-the-transformational-power-of-tokenizing-assets

** "Total Market Value of the U.S. Stock Market.” Siblis Research. July 1, 2025. https://siblisresearch.com/data/us-stock-market-value

Alpaca and Ondo Finance are not affiliated and neither is responsible for the liabilities of the other.

Please note that this article is for general informational purposes only and is believed to be accurate as of the posting date but may be subject to change.

All investments involve risk, and the past performance of a security, or financial product does not guarantee future results or returns. There is no guarantee that any investment strategy will achieve its objectives. Please note that diversification does not ensure a profit, or protect against loss. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing.

Tokenization services are not available to U.S. persons or residents. Additional geographic restrictions may apply based on local regulatory requirements. 

Digital asset services, including on- or off-ramp transactions involving stablecoins, are provided by Alpaca Crypto LLC. Securities underlying any tokenized asset are held by Alpaca Securities LLC, a U.S. Securities and Exchange Commission (“SEC”) registered broker-dealer and member of FINRA/SIPC. 

Neither Alpaca Crypto LLC nor Alpaca Securities LLC are the issuer of, nor directly involved in, the tokenization of any assets. Tokenization is performed by a third party. Tokenized assets do not represent direct equity ownership in any underlying company or issuer. Instead, tokenized assets generally provide economic exposure to the equity securities of an underlying issuer. As such, holders of tokenized assets have no voting rights, dividend entitlements, or legal claims to the underlying company shares or any residual assets in the event of the underlying company’s liquidation or insolvency, unless explicitly stated otherwise. 

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Cryptocurrency services are made available by Alpaca Crypto LLC ("Alpaca Crypto"), a FinCEN registered money services business (NMLS # 2160858), and a wholly-owned subsidiary of AlpacaDB, Inc. Alpaca Crypto is not a member of SIPC or FINRA. Cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC. Please see the Disclosure Library for more information.

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