Ondo Finance now lets eligible users move its tokenized stocks and ETFs to Hyperliquid’s HyperEVM, opening new ways to trade real-world assets on-chain. The team bridged 35 tokenized equities and funds, including names like SPY, QQQ, NVDA, TSLA, and GOOGL, from Ethereum and BNB Chain to Hyperliquid using the LayerZero-powered Ondo Bridge. With this step, Hyperliquid’s users can hold tokenized spot positions and pair them with perpetuals in a single environment.
Ondo Global Markets, the division behind these products, reports about $970 million in total value locked and $18 billion in cumulative trading volume across its tokenized assets. By extending access to HyperEVM, Ondo pushes its tokenized stock and ETF offering beyond its interfaces and into a high-speed DeFi trading venue. Both teams frame the move as part of a broader effort to bring traditional market exposure into on-chain strategies.
How the LayerZero-Powered Bridge Works
The integration uses the Ondo Bridge, which relies on LayerZero’s cross-chain messaging protocol and the Omnichain Fungible Token standard. When a user moves a tokenized stock from Ethereum or BNB Chain to HyperEVM, the bridge burns the asset on the source chain and mints an equivalent token on the destination chain after verifiers confirm the message. LayerZero’s decentralized networks monitor bridge events, post attestations, and help ensure minting only happens when the data matches.
Ondo set unified routing for its GM tokenized assets so many tokens can bridge through one framework instead of separate contracts for each chain pair. For risk control, the team set per-asset limits on Hyperliquid routes, with default caps near $180,000 per day per token, including high-volume names like NVDAon and TSLAon. Ondo can adjust those limits and verification settings as conditions change.
With tokenized stocks live on HyperEVM, Hyperliquid traders can combine spot positions in assets like SPYon or NVDAon with perps on the same platform. This setup supports strategies such as basis trades, funding arbitrage, and delta‑neutral positions built around real-world equity exposure. For example, a trader can hold tokenized SPY spot while shorting SPY perps to capture a funding spread.
Institutions also gain a way to pair tokenized equities with onchain derivatives without juggling multiple venues or bridges. The design keeps cross-chain transfers secure while keeping the experience straightforward for both retail and professional traders. As a result, Ondo’s stock and ETF tokens behave more like native DeFi building blocks than isolated wrappers on a single chain.
READ MORE: Nebius Stock Price Forecast Ahead of Earnings: Buy, Sell, or Hold?
