Markets
Expansion of Ondo Global Markets brings 200+ tokenized US assets to Solana, challenging incumbents like xStocks for dominance in onchain equities.
February 23, 2026

Companies mentioned:
Ondo Finance has integrated Invesco's QQQ Trust (QQQ) into its rapidy expanding onchain portfolio, making one of the world's most traded ETFs available across Ethereum, BNB Chain, and Solana.
This deployment is part of the broader Ondo Global Markets initiative, which recently expanded to Solana to introduce over 200 tokenized U.S. equities and ETFs to the high-speed network. By successfully deploying on these three major chains, Ondo creates a unified liquidity layer for traditional assets, allowing investors to access Nasdaq-100 exposure with the settlement speed and composability of DeFi.
The move significantly heats up the competition in the tokenized adoption space, particularly on Solana where rival protocols like xStocks have previously held dominant market share. Ian De Bode, President of Ondo Finance, noted that the expansion addresses the need for deeper liquidity and broader asset selection in the current tokenized stock market. This development signals a accelerating trend where high-quality, liquid traditional assets are moving beyond mere pilot programs into full-scale production deployments across multiple public blockchains.
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