Abu Dhabi Greenlights Ondo’s Tokenized Equities Platform

Ondo Finance has received authorization from the Abu Dhabi Global Market (ADGM) to offer tokenized securities tied to U.S. stocks and ETFs under the ADGM regulatory framework, the firm said in an announcement. The products listed on Ondo Global Markets will be available for trading on the Multilateral Trading Facility (MTF) operated by Binance and regulated by the Financial Services Regulatory Authority (FSRA) of ADGM, making them the first digital securities admitted to that trading structure in the jurisdiction.

"The tokenization platform Ondo Finance received authorization from the Abu Dhabi Global Market to offer its digital securities tied to U.S. stocks and ETFs under the local regulatory framework, according to an announcement by the company."

Context and details

Under the approval, eligible users in supported jurisdictions — excluding the United States — will be able to trade ten tokenized assets on Ondo Global Markets via Binance’s MTF. The list includes shares of Amazon, Alphabet, Apple, Circle, Meta, Microsoft, NVIDIA and Tesla, alongside two major ETFs: the SPDR S&P 500 ETF Trust and Invesco QQQ.

• Regulator: Abu Dhabi Global Market (ADGM) and its Financial Services Regulatory Authority (FSRA)
• Trading venue: Binance-operated Multilateral Trading Facility in ADGM
• Assets: Amazon, Alphabet, Apple, Circle, Meta, Microsoft, NVIDIA, Tesla, SPDR S&P 500 ETF Trust, Invesco QQQ
• Geographic restriction: Not available to U.S. persons

Ondo structures the offerings as equity-linked notes intended to operate within existing securities frameworks. The ADGM authorization follows a regulatory milestone in Europe: in November 2025 Liechtenstein authorities approved Ondo’s base securities prospectus, enabling regulatory passporting across the European Union and European Economic Area. The company said Ondo Global Markets has accumulated more than $11 billion in trading volume and surpassed $600 million in total value locked (TVL) since its launch, figures it provided in its announcement.

The initiative also signals Binance’s return to tokenized equity products after the exchange suspended similar services in 2021. The ADGM listing gives the exchange regulated access to instruments tied to on-chain equities backed by a formal Middle East framework.

Outlook

Ondo told the market it plans to expand its product set with the upcoming launch of “Perps,” a perpetual futures platform tied to U.S. stocks, ETFs and commodities, offering leverage of up to 20x outside the United States. The move is positioned to bring 24/7, higher-leverage derivatives trading to tokenized equity markets—a trend already mirrored by other platforms and derivatives products.

Tokenization is gaining traction across banks, fintech firms and crypto platforms, with market participants exploring stablecoins, tokenized deposits and extended trading hours as they adapt to digital securities infrastructure. For Ondo and Binance, the ADGM approval cements a regulated pathway for tokenized U.S. equities into the Middle East market while reinforcing the firms’ cross-jurisdictional growth after recent European and Liechtenstein clearances.