Ondo Finance has established partnerships with 153 Web3 firms, solidifying its position as a leader in the tokenized stock market. The company's transformation from a Treasury yield product provider to a major RWA infrastructure platform is marked by a significant increase in total value locked (TVL), which has grown from $534 million in 2024 to over $3 billion in 2026. Ondo now commands an estimated 58%–80% share of the tokenized equities market. The firm's ecosystem includes major TradFi institutions like BlackRock and JPMorgan Chase, as well as custodians such as Anchorage Digital and BitGo. Ondo's network spans 15 blockchains, including Ethereum and Solana, and integrates with DeFi protocols like Curve and 1inch. This extensive network allows Ondo to convert traditional financial assets into on-chain assets, facilitating trading, collateralization, and composability. The company's strategic partnerships and comprehensive ecosystem highlight its role as a key player in the on-chain asset management sector.