Ondo Finance has joined the Ondo Global Markets Alliance and partnered with Felix Protocol to bring its tokenized U.S. stocks and ETFs to the Hyperliquid ecosystem. Felix users will soon be able to trade these real-world assets with a brokerage-style experience directly on-chain.

At launch, Felix users will gain access to over 100 U.S. equities through the platform's dedicated trading portal at trade.usefelix.xyz. This initial offering is slated to expand rapidly, reaching more than 1,000 equities in the coming months. The partnership emphasizes on-chain trading with TradFi-level liquidity available 24 hours a day, five days a week, allowing users to execute trades without the limitations often seen in decentralized systems.

One of the standout features is the ability to borrow against spot equities on Felix, a functionality expected to roll out soon. Unlike previous on-chain equity products that relied on Automated Market Makers (AMMs) and suffered from liquidity constraints, Felix's implementation leverages Ondo's infrastructure for superior execution. This means buyers and sellers can handle multi-million-dollar orders from day one with the same reliability as traditional markets.

Security and transparency are at the forefront of this initiative. Ondo Global Markets undergoes public and regular audits to verify overcollateralization, providing users with confidence in the platform's stability. Additional safeguards include daily public attestations, a bankruptcy-remote legal structure, an insurance fund, and multiple smart contract audits. Felix highlighted these measures as key reasons for choosing Ondo as a partner, underscoring a commitment to user protection in the volatile world of crypto-finance.