MEXC broadens tokenized equity portfolio through Ondo Finance collaboration
Through its collaboration with Ondo Finance, MEXC introduces 17 new tokenized stock trading pairs alongside seven defense and energy sector equities, broadening its onchain stock offerings.
The cryptocurrency exchange MEXC has broadened its portfolio of tokenized stock offerings via its collaboration with Ondo Finance, introducing fresh onchain versions of American equities that are paired with Tether for trading on its platform.
Based on corporate statements released this week, the portfolio expansion encompasses 17 freshly listed tokenized equity pairs alongside seven supplementary tokens linked to American defense and energy sector corporations.
These tokens are created as ERC-20 digital assets on the Ethereum blockchain and are paired with Tether (USDT) for exchange trading. The actual shares are maintained in trust accounts under regulatory oversight and undergo third-party auditing on a quarterly basis, with the tokens structured to reflect ownership stakes in the associated underlying stock holdings.
An announcement released on March 3 unveiled 17 supplementary tokenized equity pairs covering various sectors including technology, healthcare and finance industries.
For the initial 30-day period, trading fees will not be charged for the 17 freshly listed tokenized equity pairs. The partnering companies chose not to reveal the specific names of the individual corporations represented in this collection.
A distinct announcement made on Wednesday introduced seven tokenized stock holdings connected to defense and energy sector firms, featuring Lockheed Martin (LMT), RTX (RTX), ConocoPhillips (COP) and Occidental Petroleum (OXY). The ability to withdraw these newly introduced tokens is set to commence on March 5.
This collaboration continues a sequence of tokenized stock listings that MEXC has rolled out together with Ondo Finance following the product's initial launch in September 2025. These 17 additional pairs represent the ninth wave of expansion for this offering.
MEXC operates as a centralized digital currency exchange established in 2018, providing both spot and derivatives trading services for cryptocurrency assets. Based on statistics from CoinMarketCap, it ranks as the ninth-largest trading platform measured by spot trading volume.
Ondo Finance operates as a New York–headquartered blockchain enterprise specializing in migrating conventional financial instruments onchain via tokenization technology. As of the current writing, the total value of assets created through Ondo reaches approximately $2.66 billion in tokenized holdings, based on figures from RWA.xyz data.
Crypto exchanges move to tokenize assets
The competitive push among cryptocurrency trading platforms to tokenize traditional stocks has been accelerating rapidly.
During June, over 60 tokenized stock offerings were made accessible on trading platforms such as Kraken and Bybit via Backed Finance's xStocks offering. This collection featured prominent corporations including Apple, Amazon, Nvidia, Tesla, Meta and Netflix.
Gemini has similarly entered this market segment via a collaborative arrangement with Dinari. During July, the platform announced that customers located in the European Union would be able to access a growing selection of tokenized American equities on its trading platform, featuring shares connected to corporations like Exxon, Sony, BlackRock and Visa.
It should be noted, however, that tokenized stock products remain predominantly inaccessible to customers in the United States while the sector continues to wait for more definitive regulatory direction concerning blockchain-based financial securities.
During this interim period, multiple exchanges are diversifying into conventional stock markets via brokerage-type service offerings. During April, Kraken announced plans to commence providing access to approximately 11,000 American-listed stocks and exchange-traded funds through a staged implementation across United States territories.
Throughout recent months, both Coinbase and Bitpanda have similarly revealed equity trading functionalities enabling customers to purchase and sell traditional stocks in conjunction with digital currencies through unified platforms.