Ondo Finance has expanded its tokenized stocks and ETFs to Hyperliquid’s HyperEVM through LayerZero. The integration lets users bridge tokenized U.S. equities from Ethereum and BNB Chain into HyperEVM, adding new real-world asset access for decentralized traders and hedging strategies.
According to the announcement, users can move Ondo’s tokenized U.S. equities into HyperEVM and use them with supported perpetual futures markets. The setup brings spot equity exposure closer to derivatives trading inside one of the largest decentralized perpetuals ecosystems.
Also Read: Canton Network Developer Digital Asset Seeks $300 Million Funding at $2B Valuation
Ondo Adds Tokenized Assets to HyperEVM
Ondo Finance said around 35 tokenized assets are currently bridgeable to HyperEVM. The supported products include SPYon, QQQon, TSLAon, GOOGLon, and other tokenized stock and ETF products linked to traditional market exposure.
Traders are empowered to use the integration as a deeper tool for strategy in the market. Which encompass basis trades, funding rate arbitrage, delta-neutral hedging, and portfolio risk management in tokenized equities or perpetual futures contracts.
According to Ondo Finance, the goal is not to build fragmented on-chain liquidity. Instead, its tokenized stocks and ETFs are backed by liquidity from traditional equity markets while the products continue to function in DeFi.
This also broadens the scope of HyperEVM where it can be traded as a real-world asset. The integration opens up a way for Hyperliquid users to use tokenized equity positions and merge them with derivatives strategies that were difficult to run in their entirety on-chain pre-integration.
Melt Finance and Felix Protocol are the pioneers utilizing HyperEVM technology. Both protocols now offer Ondo tokenized stocks and ETFs on their platforms, bringing direct access to spot equity in the Hyperliquid environment.
Ondo Products Expand Through Felix Integration
Felix has integrated a wide range of Ondo products already. According to the announcement, this includes hundreds of U.S. equities and ETFs. Bridge from source chains to HyperEVM via LayerZero.
Ondo’s equity tokens offer real-world access to real securities. The products also encompass dividend after-tax payouts. The basic assets are supported by real-world tokens and kept off-chain via Ondo Global Markets.
Ondo Finance recently announced the completion of what it claims is the first near-real-time tokenized U.S. Treasuries cross-border redemption in the world. The pilot included J.P. Morgan’s Kinexys, Mastercard, Ripple, and Ondo’s OUSG product on XRPL.
Ripple carried out a partial redemption of its OUSG holdings. This in turn initiated a fiat payment to Kinexys via MasterCard’s MTN. It then sent a U.S. dollar payment to Ripple’s Singapore bank account in less than one minute.
According to Ondo Finance, it will allow for increased liquidity and functionality of tokenized stocks via the HyperEVM integration. This edition demonstrates further progress in tokenized Wall Street assets moving into blockchain markets on cross-chain infrastructure and institutional settlement experiments.
Also Read: Capital B Raises $17.8 Million to Expand Bitcoin Holdings
