Ondo Finance weighs a $500 million acquisition as tokenized securities cross $36 billion

The largest tokenized securities platform cleared its SEC probe, secured FINRA authorization, and put BlackRock’s IVV onchain. Now it is shopping for a target worth up to half a billion dollars while the market it helped build outgrows it. Summary Ondo Finance is exploring an acquisition valued between $250 million and $500 million to expand into wealthtech and adjacent financial sectors, though no formal advisers have been appointed and no target has been identified. The company’s SEC-registered broker-dealer subsidiary received additional FINRA authorizations in July 2026, covering tokenized corporate equities, ETFs, and other investment products. Ondo debuted the SEC’s third-party custodial tokenization model with BlackRock’s IVV ETF and Micron shares as the first securities tokenized under a domestic U.S. framework. The total real world asset market onchain has crossed $36 billion in 2026, with tokenized U.S. Treasuries alone reaching approximately $12.88 billion, up from roughly $5 billion in late 2024. Ondo abandoned its planned Layer 1 blockchain in favor of Ondo Network, a high speed execution layer pairing centralized exchange level speeds with non-custodial, onchain-verif...