Ondo Officially Launches 24/7 Instant Minting and Redemption for Tokenized US Stocks
BlockBeats News, June 25 – Ondo has announced the official launch of 24/7 instant minting and redemption services for tokenized US stocks and ETFs. Previously, the platform only supported a five-day, 24-hour window (24/5) for minting and redemption. With this upgrade, eligible users can now mint or redeem supported tokenized assets at current market prices anytime, including weekends and US public holidays. This eliminates the constraints of traditional financial market working hours, enabling more flexible liquidity management for participants in tokenized assets.
Supported Assets and Network Availability
The initial batch of assets supporting 24/7 instant minting and redemption includes six tokenized stocks: SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon. These assets correspond to well-known US index funds and tech giant stocks: SPYon tracks the S&P 500 ETF, QQQon tracks the Nasdaq 100 ETF, while NVDAon, TSLAon, and GOOGLon represent NVIDIA, Tesla, and Alphabet (Google) respectively. The service is currently live on Ethereum and BNB Chain, with Solana support in preparation and expected to launch soon.
Significance of the Upgrade and Market Impact
The upgrade from 24/5 to 24/7 represents a significant milestone in the tokenized real-world assets (RWA) space. By enabling round-the-clock trading of traditional financial assets on-chain, Ondo removes liquidity barriers on weekends and holidays, offering greater convenience to global investors. Through smart contracts, Ondo achieves instant minting and redemption, allowing users to quickly adjust their on-chain asset allocations without waiting for traditional settlement cycles. This improvement is expected to further drive adoption of tokenized stocks and deepen the integration between decentralized finance (DeFi) and the traditional stock market.