In a significant move to expand its offerings, crypto exchange MEXC has partnered with Ondo Finance to introduce 17 new tokenized stock pairs and seven additional tokens tied to US defense and energy companies. This expansion, part of MEXC’s ongoing efforts to diversify its product lineup, marks the ninth addition to its tokenized equity offerings since September 2025.
A Closer Look at the New Listings
The latest batch of tokenized stocks, which includes major players in technology, healthcare, and finance, will trade against Tether (USDT) on the MEXC platform. These ERC-20 assets are issued on the Ethereum blockchain and are designed to represent ownership of the underlying equities. The underlying shares are held in regulated trust accounts and are subject to quarterly third-party audits, ensuring transparency and compliance.
Notably, the trading fees for these 17 new tokenized stock pairs will be waived for the first 30 days, making it an attractive opportunity for traders and investors. The additional seven tokenized equities, tied to defense and energy companies such as Lockheed Martin (LMT), RTX (RTX), ConocoPhillips (COP), and Occidental Petroleum (OXY), will begin trading on March 5, with withdrawals scheduled to start on the same day.
The MEXC and Ondo Finance Partnership
MEXC, founded in 2018, is a centralized cryptocurrency exchange that has quickly risen to become the ninth-largest exchange by spot trading volume, according to CoinMarketCap. The partnership with Ondo Finance, a New York-based blockchain company, is a strategic move to bring traditional financial assets onchain through tokenization. Ondo Finance has already issued assets totaling about $2.66 billion in tokenized value, according to RWA.xyz data.
The Broader Context: Tokenization Gains Momentum
The race among crypto exchanges to tokenize stocks has been gaining significant momentum. In June, over 60 tokenized equities became available on exchanges like Kraken and Bybit through Backed Finance’s xStocks product, including major companies such as Apple, Amazon, Nvidia, Tesla, Meta, and Netflix. Gemini has also entered the sector through a partnership with Dinari, offering European Union customers the ability to trade a growing list of tokenized US stocks.
Despite the growing interest, tokenized equities remain largely unavailable to US users due to the lack of clear regulatory guidance for blockchain-based securities. In response, several exchanges are expanding into traditional equities through brokerage-style services. Kraken, for instance, began offering trading in about 11,000 US-listed stocks and exchange-traded funds as part of a phased rollout across the United States. Coinbase and Bitpanda have also introduced stock trading features, allowing users to buy and sell equities alongside cryptocurrencies on the same platforms.
Looking Ahead
The expansion of tokenized stock offerings by MEXC and other crypto exchanges reflects a broader trend in the industry towards the integration of traditional financial assets with blockchain technology. As regulatory clarity improves, the potential for tokenized equities to become a mainstream investment option grows. For now, the focus remains on building robust, secure, and compliant platforms that can attract a wider range of investors. The future of tokenized assets looks promising, with MEXC and Ondo Finance leading the charge in this innovative space.
About the Author
