MetaMask Integrates Tokenized U.S. Stocks and ETFs via Ondo Global Markets
MetaMask’s self‑custodial wallet now gives eligible non‑U.S. users direct access to more than 200 tokenized securities, including equities, ETFs and commodities, through Ondo Finance’s Global Markets platform.
San Francisco, Feb. 3, 2026 – ConsenSys‑owned MetaMask announced an expansion of its on‑chain asset offering that brings tokenized U.S. equities and exchange‑traded funds into the wallet’s native interface. The integration, rolled out on Tuesday, is powered by Ondo Finance’s Global Markets (GM) platform, which launched in October 2025 as a dedicated marketplace for tokenized real‑world assets (RWAs).
Eligible users of the MetaMask mobile app in supported jurisdictions outside the United States can now purchase, hold, and trade these tokenized securities without the need for a traditional brokerage account or a separate trading interface. Transactions are executed through MetaMask Swaps using USDC on the Ethereum mainnet, where GM tokens act as price‑tracking proxies for the underlying stocks, ETFs or commodities.
How the feature works
- On‑board – Users must be in a jurisdiction where the feature is permitted and have a verified MetaMask mobile wallet.
- Buy GM tokens – Using the “Swap” function, users exchange USDC for the relevant GM token that mirrors a specific security.
- Trade 24/5 – The tokenized assets are tradable continuously from Sunday evening to Friday evening, with transfers possible at any time on the Ethereum network.
Market backdrop
The tokenized RWA sector continues its rapid expansion. According to data from analytics firm RWAxyz, the global market for tokenized real‑world assets now exceeds $23 billion, marking a 13 % increase over the past month. Commodities are a key driver: tokenized gold and silver alone account for roughly $4.56 billion, up more than 28 % in the same period.
Ondo Finance’s own TVL (total value locked) has more than doubled since March 2024, reaching $2.7 billion at the time of the announcement. The platform’s native token, ONDO, was trading around $0.28, a modest 1.3 % gain on the day, per CoinGecko.
Industry context
Ondo is not the sole player venturing into tokenized equities. Crypto exchange Kraken previously partnered with Backed to launch “xStocks” on Solana before acquiring Backed in December 2025. Several other firms are exploring similar avenues, signaling a broader shift toward on‑chain representation of traditional financial instruments.
Analysis
Accessibility versus regulation – By embedding tokenized securities inside a self‑custodial wallet, MetaMask sidesteps many of the friction points associated with legacy brokerage platforms—multiple apps, fixed trading windows, and KYC‑heavy onboarding. However, the approach also raises regulatory questions, especially concerning securities law compliance for non‑U.S. residents accessing U.S.‑based assets. MetaMask and Ondo have indicated that the offering is limited to jurisdictions where the tokenized securities are deemed permissible under local regulations.
DeFi integration – The move deepens the convergence between decentralized finance and traditional asset classes. With GM tokens tracking market prices in real time, users can combine tokenized equities with other DeFi primitives—staking, lending, or composable yield strategies—without exiting the wallet environment.
Liquidity and market depth – While the tokenized market now hosts over 200 securities, liquidity remains a critical metric. Ondo’s expanding TVL suggests growing capital inflows, yet the depth of order books for individual stocks and ETFs will determine the practicality of large‑scale trades. MetaMask’s reliance on USDC swaps means that liquidity is largely dependent on the broader USDC market and the underlying GM token pools.
Competitive advantage – MetaMask’s massive user base—estimated at tens of millions globally—provides a ready distribution channel that could accelerate adoption of tokenized securities. Competing wallets and platforms will need to match the seamless integration and user‑experience benefits that MetaMask is delivering.
Key Takeaways
- Direct in‑wallet trading: MetaMask now lets eligible non‑U.S. users buy, hold, and trade tokenized U.S. stocks, ETFs, and commodities via Ondo Global Markets without a separate broker.
- Broad asset coverage: Over 200 securities are available, tracked by GM tokens that can be swapped for USDC on Ethereum.
- 24‑hour, five‑day market: Trading runs continuously from Sunday evening to Friday evening, with on‑chain transfers possible at any time.
- Rising tokenized RWA market: Global tokenized real‑world assets exceed $23 billion, with commodities alone accounting for $4.56 billion.
- Ondo’s growth: TVL has climbed to $2.7 billion, and its native ONDO token shows modest price appreciation.
- Regulatory nuance: The service is limited to jurisdictions where tokenized U.S. securities are legally permissible, reflecting ongoing compliance considerations.
- Strategic impact: By embedding traditional securities within a DeFi‑centric wallet, MetaMask bridges legacy finance and decentralized ecosystems, potentially reshaping how retail investors access equity markets.
Source: https://thedefiant.io/news/tradfi-and-fintech/metamask-partners-with-ondo-to-add-tokenized-us-equities-etfs
