Ondo Finance has reached a new milestone, exceeding $2 billion in Total Value Locked (TVL). The growth underscores a significant uptick in the adoption of tokenized real-world assets (RWAs) as investors seek on-chain exposure to traditional financial instruments.

The platform specializes in offering tokenized securities, including U.S. Treasuries, stocks, and ETFs. Its core products, OUSG and USDY, provide investors with on-chain versions of U.S. Treasury exposure, which the company states come with stronger investor protections than traditional stablecoins.

While the company noted it accounts for a significant portion of the RWA market, external data platforms report Ondo Finance holds over 11.6% of the total RWA market share on Ethereum. Approximately 77% of Ondo's TVL is deployed on the Ethereum network, reinforcing Ethereum's role as a primary settlement layer for the emerging RWA sector.

This development signals a maturing market for tokenized assets, demonstrating a clear demand for regulated, blockchain-based products that bridge the gap between DeFi and traditional finance.