Felix Protocol has introduced tokenized U.S. stocks and exchange-traded funds (ETFs) on HyperEVM, in collaboration with Ondo Finance. This launch allows on-chain traders to access over 250 tokenized equities via Felix's trading interface, with assets backed by real shares held off-chain through Ondo Global Markets. Felix claims users can execute orders up to $1 million with net execution costs below 10 basis points, addressing a key barrier to on-chain equity adoption. However, the service is unavailable to U.S. users and other restricted regions. All tokenized assets on Felix are built on Ondo Global Markets' infrastructure, providing economic exposure to asset price movements and dividends without direct share ownership. Ondo Finance, a leader in the tokenized equity space, has a total value locked (TVL) of over $550 million in tokenized stocks, representing 59% of the market. Felix, originally a lending protocol, now ranks as the fifth-largest DeFi application on Hyperliquid’s Layer 1 network, with a TVL of approximately $167 million. Future plans include expanding to international markets and integrating tokenized equities as collateral in lending markets.