Crypto alternate MEXC has expanded its tokenized equities providing by means of its partnership with Ondo Finance, itemizing new onchain representations of US shares that commerce in opposition to Tether on its platform.
In response to firm bulletins this week, the growth contains 17 newly listed tokenized inventory pairs and 7 extra tokens tied to US protection and power corporations.
The tokens are issued as ERC-20 belongings on Ethereum and commerce in opposition to Tether (USDT) pairs on the alternate. The underlying shares are held in regulated belief accounts and topic to quarterly third-party audits, with the tokens designed to signify possession of the corresponding underlying equities.
A March 3 announcement launched 17 extra tokenized inventory pairs spanning sectors comparable to know-how, healthcare and finance.
Buying and selling charges for the 17 newly listed tokenized inventory pairs will probably be waived for the primary 30 days. The businesses didn’t disclose the names of the person corporations included within the batch.
A separate release on Wednesday added seven tokenized equities tied to protection and power corporations, together with Lockheed Martin (LMT), RTX (RTX), ConocoPhillips (COP) and Occidental Petroleum (OXY). Withdrawals for the newly listed tokens are scheduled to start March 5.
The partnership builds on a sequence of tokenized fairness listings MEXC has launched with Ondo Finance since launching the product in September 2025. The 17 new pairs are the ninth growth of the providing.
MEXC is a centralized cryptocurrency alternate based in 2018 and providing spot and derivatives buying and selling for digital belongings. In response to CoinMarketCap data, it’s the ninth-largest alternate by spot buying and selling quantity.
Ondo Finance is a New York–primarily based blockchain firm that focuses on bringing conventional monetary belongings onchain by means of tokenization. On the time of writing, belongings issued by means of Ondo complete about $2.66 billion in tokenized worth, in line with RWA.xyz data.
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Crypto exchanges transfer to tokenize belongings
The race amongst crypto exchanges to tokenize shares has been gaining momentum.
In June, greater than 60 tokenized equities turned accessible on exchanges together with Kraken and Bybit by means of Backed Finance’s xStocks product. The lineup included main corporations comparable to Apple, Amazon, Nvidia, Tesla, Meta and Netflix.
Gemini has additionally moved into the sector by means of a partnership with Dinari. In July, the alternate stated clients within the European Union might commerce a rising record of tokenized US shares on its platform, together with shares tied to corporations comparable to Exxon, Sony, BlackRock and Visa.
To make certain, tokenized equities stay largely unavailable to US customers because the trade awaits clearer regulatory guidance for blockchain-based securities.
Within the meantime, a number of exchanges are increasing into conventional equities by means of brokerage-style companies. In April, Kraken stated it will start providing buying and selling in about 11,000 US-listed stocks and exchange-traded funds as a part of a phased rollout throughout the USA.
Over the previous few months, Coinbase and Bitpanda have additionally introduced inventory buying and selling options that permit customers to purchase and promote equities alongside cryptocurrencies on the identical platforms.
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