IMF: Ondo and Backed control over 70% of tokenized equity market
- —Tokenized equities total $2.3 billion versus $48 billion in tokenized bonds and money market funds
- —Ondo and Backed hold over 70% of the market, serving mainly non-US residents
- —More than 50% of trading happens outside Wall Street hours; about 80% of trades are under one share
- —Overnight on-chain moves are 87–99% priced into US stocks within five minutes of the open
Why it matters: The IMF treats on-chain prices as a valid price-discovery signal but flags thin liquidity and realized volatility about 1.5x that of the underlying stocks.
Source: CoinPost