Ondo Finance Bridges Tokenized Stocks To Hyperliquid Via Layerzero

@OndoFinance is extending the reach of its tokenized stocks and ETFs into the Hyperliquid ecosystem, enabling seamless bridging to the @HyperliquidX HyperEVM through @LayerZero_core. The move brings real-world asset (RWA) positions directly into one of crypto's most active perpetual futures environments.

What the Integration Enables

The integration allows perpetual futures traders on Hyperliquid to utilize spot RWA positions for more advanced strategies, including basis trades and delta-neutral hedging on applicable markets. By connecting tokenized equities to HyperEVM, traders can now pair on-chain stock exposure with derivatives in a single environment, a workflow that was previously fragmented across separate platforms.

This is part of a broader infrastructure push by Ondo. The Ondo Bridge uses LayerZero's messaging framework, allowing Ondo to manage cross-chain transfers through a single architecture rather than asset-specific bridges. Ondo said this setup makes it easier to deploy its tokenized securities to new chains, with integrations measured in weeks rather than months.

Ondo's tokenized equities are issued through its Global Markets platform. Assets are backed by real shares held off-chain through Ondo Global Markets. Ondo is the largest issuer in the tokenized equities sector, reporting more than $700 million in stock and ETF tokens on its Global Markets platform, offered to non-U.S. investors.

Early Ecosystem Adopters on HyperEVM

Two Hyperliquid-native protocols are among the first to integrate these tokenized assets. @Felixprotocol and @Meltfinance are building on the new infrastructure to enhance liquidity within the HyperEVM environment.

Felix Protocol has launched tokenized U.S. stocks and exchange-traded funds on HyperEVM, delivering on a partnership with Ondo Finance that was first announced in January. The launch gives on-chain traders access to more than 250 tokenized equities, with Felix claiming users can execute orders as large as $1 million with net execution costs below 10 basis points. Felix began as a collateralized debt position and lending protocol on HyperEVM and has grown into the fifth-largest DeFi application on Hyperliquid's Layer 1 network, currently holding approximately $167 million in TVL.

The expansion into Hyperliquid reflects a wider trend in the tokenized securities market. Tokenized equities have emerged as one of the fastest-growing sectors in crypto, with the category now holding over $1.1 billion in value locked, tripling in size over the past year, according to RWA.xyz data.

Note: tokenized equity products from Ondo Global Markets are not available to U.S. users or those in other prohibited jurisdictions.

Sources:
The Defiant: Felix Launches Tokenized Stocks and ETFs on Hyperliquid via Ondo Finance
Crypto News: Ondo and LayerZero Launch Bridge for Tokenized Stocks
CoinDesk: Ondo Finance Adds Proxy Voting for Holders of Its $700 Million Tokenized Equities