Crypto platform Blockchain.com has added 173 tokenized stocks and exchange-traded funds through a partnership with Ondo Finance, bringing its catalog of tokenized traditional assets to more than 430 offerings across Ethereum, Solana and BNB Chain. The move, announced Wednesday, deepens the platform’s push into onchain access to traditional financial instruments as demand for tokenized equities continues to climb.
New listings include SpaceX token and thematic baskets
The expanded catalog includes tokenized exposure to private company shares, active ETFs, Treasury products and covered-call strategies. Blockchain.com highlighted SpaceX’s SPCX token among the additions, alongside themed baskets tied to AI infrastructure, energy, robotics, autonomous vehicles and quantum computing. Income-focused products from Global X and other issuers are also part of the rollout.
Also read: Roelof Botha joins SpaceX board days after record-breaking IPO
The assets are available immediately through Ondo’s routing and liquidity infrastructure, which supports trading across all 173 new listings at launch. Ondo is one of the largest tokenization platforms by asset value, with roughly $3.8 billion in distributed assets across 267 tokenized products, according to RWA.xyz data.
Regulatory tailwinds and market momentum
The expansion comes amid growing interest in onchain equities and a shifting regulatory sector. A recent proposal by the U.S. Securities and Exchange Commission to scrap two rules in its national market system regulations has been described by Galaxy head of research Alex Thorn as “one of the biggest unlocks yet for tokenized stocks”, removing what he called “one of the biggest structural barriers to tokenized US equities trading in DeFi.”
Also read: Tokenized Asset Market Surpasses $43 Billion as Institutional Adoption Accelerates
The tokenized equities market has grown rapidly this year. RWA.xyz data shows tokenized equities hold roughly $1.57 billion in distributed value, up nearly fivefold from about $330 million a year ago. The market includes tokenized shares of public companies, ETFs and private firms. Among the largest tokenized equity assets by value are Strategy, Circle, Nvidia and Exodus shares.
Competition intensifies among crypto platforms
Competition has been intensifying as crypto exchanges and wallet providers race to offer onchain access to traditional financial assets. Earlier this month, Exodus launched a marketplace for more than 200 tokenized stocks, ETFs and other real-world assets through a separate partnership with Ondo Finance.
Several crypto platforms also introduced products tied to SpaceX’s IPO, ranging from tokenized IPO access and pre-IPO contracts to perpetual futures linked to the company’s shares. Binance said its SpaceX tokenized IPO offering attracted more than $557 million in USDC deposits from users seeking exposure to the listing. However, the SpaceX IPO also highlighted sector challenges — several exchanges, including Binance, Bybit, Bitget Wallet and MEXC, were forced to cancel tokenized SpaceX offerings and issue refunds after failing to secure share allocations. Many of those products relied on Kraken-owned xStocks for distribution and settlement infrastructure.
The IPO was reportedly nearly four times oversubscribed, attracting more than $250 billion in investor demand for a $75 billion offering, according to Reuters.
Conclusion
Blockchain.com’s latest expansion reflects a broader trend of crypto platforms bridging traditional finance and blockchain technology. With regulatory clarity potentially improving and investor demand for tokenized assets growing, the onchain equities market appears positioned for continued growth — though recent SpaceX-related disruptions underscore the operational and structural hurdles that remain.
FAQs
Q1: What tokenized assets did Blockchain.com add?
A: Blockchain.com added 173 tokenized stocks and ETFs through Ondo Finance, including private company shares like SpaceX’s SPCX token, thematic baskets (AI, energy, robotics, quantum computing), and income-focused products from Global X.
Q2: Why is the tokenized equities market growing?
A: Growing investor demand for onchain access to traditional assets, combined with potential regulatory tailwinds — such as the SEC’s proposal to scrap certain national market system rules — is driving adoption. The market has grown nearly fivefold in distributed value over the past year to about $1.57 billion.
Q3: What challenges does tokenized stock trading face?
A: Challenges include securing share allocations for IPO-related products, reliance on third-party settlement infrastructure, and regulatory uncertainty. Recent SpaceX tokenized offerings faced cancellations and refunds after allocation failures.
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