Trading a tokenized stock at 2 a.m. on a Sunday used to mean one thing, moving an asset between wallets, not actually creating or redeeming it. Ondo just changed that. Ondo has launched 24/7
Trading a tokenized stock at 2 a.m. on a Sunday used to mean one thing, moving an asset between wallets, not actually creating or redeeming it. Ondo just changed that.
Ondo has launched 24/7 instant minting and redemption for tokenized U.S. stocks and ETFs, live now across Ethereum, BNB Chain, and Solana.
The upgrade expands beyond Ondo's existing 24/5 minting window and applies to six of its most actively traded tokenized assets, SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon, with more expected to follow.
Several platforms have advertised 24/7 trading for tokenized stocks before.
But that claim has always come with an asterisk, the round-the-clock access has applied only to transferring an asset between wallets or exchanges, not to minting new tokens or redeeming existing ones for cash.
Minting and redemption, the actual creation and settlement of these tokenized assets, has continued to follow traditional market hours, pausing over weekends just like the underlying stock exchanges.
Ondo Stocks already supported 24/7 permissionless transfers, letting users hold and move tokenized assets across supported wallets, exchanges, and protocols at any time.
What was missing was the ability to mint or redeem those same assets outside of standard trading hours. This update closes that gap, eligible users can now mint or redeem supported assets at the current prevailing price, any day, at any hour, including weekends and U.S. public holidays.
The practical impact of this shows up most clearly in execution costs.
Ondo shared data comparing weekend trading costs on its platform against other tokenized stock venues.
For a $100,000 trade in tokenized Circle stock (CRCLon), execution cost on Ondo averaged $33, compared to $835 on another platform, 25 times higher. Tokenized Google stock (GOOGLon) showed the widest gap, costing $43 on Ondo versus $1,644 elsewhere, 38 times higher. Tokenized Nvidia stock (NVDAon) showed the largest multiple of all, at $13 on Ondo versus $738 elsewhere, 57 times higher. Tesla showed a 25 times gap, the Invesco QQQ ETF showed a 7 times gap, and the SPDR S&P 500 ETF showed a 5 times gap.
This gap comes down to how liquidity is sourced. Ondo's tokenized stocks draw liquidity directly from public markets, where trading depth is substantial.
Other platforms rely on onchain liquidity pools, which are limited in depth by design, meaning larger trades, especially over weekends when markets are thinner, can move prices significantly and cost traders far more.
Demand for always-on access to traditional financial assets has been growing steadily, as investors increasingly expect the same speed and flexibility from tokenized stocks that they already get trading crypto.
By extending minting and redemption to a full 24/7 cycle, Ondo is positioning tokenized stocks to function with the same continuous liquidity and utility as the crypto markets they trade alongside.
Ondo Stocks has built a significant lead in this space already, listing more than 430 tokenized stocks and ETFs across Solana, Ethereum, and BNB Chain, and becoming the first platform in the category to surpass $1 billion in total value locked, more than every other tokenized stock platform combined.
That infrastructure also allows tokenized stocks to be used as collateral across platforms including Ondo Perps, Morpho, and Euler.
Ondo says this 24/7 minting and redemption upgrade builds directly on that foundation, with further expansion of its always-on infrastructure planned as tokenized markets continue moving toward a fully continuous trading model.
Related: Ondo Finance brings U.S. stocks onchain for the first time following SEC guidance
