Ondo exec says NYSE's 24/7 tokenized stock plan would be a 'godsend'

Ian de Bode, President of Ondo Finance, believes tokenized stocks are a highly practical and scalable use case for crypto, with Ondo's platform, Ondo Global Markets, leading the market with over $500 million in TVL since launching in September 2025. Ondo focuses on tokenizing stocks and ETFs, issuing notes backed by assets held via clearing brokers, allowing tokens to trade freely on DeFi venues without the transfer restrictions that plague other models. A key advantage is instant minting and burning, enabling large trades without premiums or slippage, attracting global users. However, the primary bottleneck is the liquidity mismatch between 24/7 crypto markets and traditional finance (TradFi) operating Monday to Friday. De Bode views the potential 24/7 tokenized stock trading plans by NYSE and Nasdaq as a "godsend" that would resolve this weekend liquidity thinning, which currently complicates hedging for market makers. Ondo's goal is to expand its platform, viewing itself as the "Tether for stocks" by powering crypto exchanges rather than competing with them.

(Source：CoinDesk)