Ondo Claims $4B in Tokenized Assets as RWA Market Gains Institutional Depth

TL;DR: Ondo Finance says its tokenized real-world-asset products have crossed $4 billion in value, with 484 distinct assets and more than 565,000 onchain holders. The figures appear in a corrected November 5 company announcement citing RWA.xyz data. Ondo Finance says its tokenized real-world-asset products have crossed $4 billion in value, with 484 distinct assets and more than 565,000 onchain holders. The figures appear in a corrected November 5 company announcement citing RWA.xyz data. They illustrate how tokenized finance is broadening beyond a small set of Treasury products, but the definitions behind a ranking matter as much as the impressive headline figure. What Ondo is counting The corrected release says Ondo ranks first among 203 platforms tracked by RWA.xyz by the market capitalization of tokenized products and accounts for roughly a tenth of non-stablecoin RWA value. The comparison excludes stablecoins and uses the data provider's classification of assets and platforms. Readers should not confuse it with Ondo's revenue, cash on its balance sheet, net inflows in a single day or the trading volume of the ONDO token. Tokenized product value can also move with prices and red...