Quick Breakdown
- Ondo tokenized BitGo shares on the same day as its NYSE IPO, accelerating access to public equities on-chain.
- BTGOon offers non-U.S. investors blockchain-based exposure across Ethereum, Solana, and BNB Chain.
- Ondo’s tokenized asset platform continues to scale rapidly, surpassing $6.4B in trading volume since launch.
Ondo Finance has rolled out on-chain access to shares of BitGo just hours after the crypto custodian made its public market debut, marking a rare same-day bridge between Wall Street and blockchain markets.
Just went public. Tokenized on day one.
Following its public debut on the NYSE today, tokenized BitGo will be accessible via Ondo Global Markets.
BTGOon will be live onchain alongside hundreds of Ondo tokenized stocks & ETFs. pic.twitter.com/VihI08qPq2
— Ondo Finance (@OndoFinance) January 22, 2026
The launch, announced on January 22, follows BitGo’s initial public offering on the New York Stock Exchange, highlighting Ondo’s push to shorten the gap between traditional equity markets and tokenized finance.
BitGo IPO meets on-chain distribution
The tokenized product, called BTGOon, gives eligible non-U.S. users economic exposure to BitGo’s publicly traded shares via Ondo Global Markets.
BTGOon is live across Ethereum, Solana, and BNB Chain, allowing investors to trade exposure to BitGo stock five days a week using blockchain rails.
BitGo priced its IPO at $18 per share, giving the firm a fully diluted valuation above $2.08 billion. Shares surged as much as 35% during their first trading session, underscoring strong market appetite for crypto infrastructure companies focused on custody and security.
Unlike traditional equities, BTGOon does not distribute dividends directly. Instead, any dividends are automatically reinvested into the token, which is designed to closely track the performance of the underlying BitGo shares.
Ondo expands its tokenized equities push
The BitGo listing adds to Ondo Finance’s growing lineup of tokenized U.S. equities and exchange-traded funds. Since launching in 2025, Ondo Global Markets has processed more than $6.4 billion in cumulative trading volume and reached over $500 million in total value locked.
Broader growth across Ondo’s ecosystem has been even stronger. The protocol’s total value locked has surpassed $2 billion in under a year, driven largely by tokenized U.S. Treasuries and yield-bearing products like OUSG, according to rwa.xyz data.
Ondo has also continued expanding multi-chain support and ecosystem partnerships. The firm announced a strategic partnership with LayerZero Labs to bridge its tokenized U.S. stocks across multiple blockchains, marking a key step in real-world asset (RWA) tokenization.
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