Through its partnership with LayerZero and Hyperliquid, Ondo Finance has announced that its U.S. tokenized stocks and exchange-traded funds (ETFs) can now be bridged to Hyperliquid’s HyperEVM via the Ondo Bridge, powered by LayerZero’s cross-chain messaging protocol. Through this integration, both Ethereum and BNB Chain are supported, with an initial set of 35 asset choices available to bridge, such as SPY, QQQ, NVDA, TSLA, or GOOGL.
What this unlocks for traders
U.S. tokenized stocks bridging to HyperEVM presents an opportunity for a trader to pair a tokenized equity’s spot position (the current market price) with a perpetual futures contract on the same platform. It also presents a time and cost effective alternative to previously complicated strategies for executing sophisticated onchain strategies.
In particular, the following types of strategies will be possible:
- Basis trades: Profit from the difference in price between a tokenized equity’s spot price and its futures contract’s price.
- Funding arbitrage: Capture the difference between the funding rates of different derivatives.
- Delta-neutral hedge: Offset the directional risk of a tokenized stock while earning yield.
Instead of recreating fragmented onchain liquidity markets, Ondo’s U.S. tokenized stocks and ETF pricing will derive from and reference listed prices on the New York Stock Exchange (NYSE) and NASDAQ, with execution designed to remain consistent and efficient across market conditions.
LayerZero’s role and DeFi adoption
LayerZero facilitates the cross-chain infrastructure that allows Ondo’s assets to move across Ethereum, BNB Chain, and now HyperEVM. This is complementary to Felix Protocol’s existing integration with Ondo, which offered over 260 tokenized stocks and ETFs to Hyperliquid users.
Melt Finance and Felix Protocol have become two of the first hyper-EVM protocols to integrate Ondo’s tokenized assets. Since its launch in late September 2025, Ondo Global Markets has grown into the largest platform for tokenized securities, with over $970 million of total value locked (TVL), more than all other platforms combined, and generating nearly $18 billion in volume across tens of thousands hodlers. On May 11, 2026, the platform crossed $1 billion in TVL, the first tokenized stock platform to reach that milestone.
Why DeFi protocols are adopting Ondo assets
DeFi projects are jumping on board with Ondo’s tokenized assets. Why? Because they offer a regulated, institution-approved way to get exposure to traditional stocks without ever leaving the blockchain. To date, Ondo has the green light in 30 European Union (EU) and European Economic Area (EEA) countries, and their assets are backed by real-world securities with solid ways to cash them out. For a major perpetual trading platform like Hyperliquid, throwing tokenized equities into the mix means traders can hedge better and find cool new arbitrage chances.