Markets Outlook Ondo Charts a Path from Tokenized Assets to On-Chain Prime Brokerage | Markets Outlook
Feb 6, 2026
Ian De Bode, President of Ondo Finance and leader in tokenized asset products, discusses scaling to multi-billion TVL and launching Ondo Perps. He covers tokenizing stocks and ETFs for 24/7 access. He outlines building an on-chain prime brokerage and the infrastructure and wallet partnerships driving distribution.
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Building Pipes Before Scale
- Ondo scaled tokenized treasuries to $2B and tokenized stocks/ETFs to ~$600M, showing early infrastructure progress.
- Ian De Bode says building the on-chain pipes matters more now than immediate revenue, with scale to follow.
TradFi And Tokenization Converge
- Tokenization remains cooperative now, with TradFi incumbents actively getting on chain.
- De Bode views tokenization as a precursor to offering broader on-chain financial services like prime brokerage.
Serve Global Retail With Tokenized Securities
- Target offshore retail demand by enabling tokenized stocks and ETFs accessible via stablecoins.
- Partner with wallets and exchanges to distribute tokenized securities to users without traditional brokerage access.