Ondo Charts a Path from Tokenized Assets to On-Chain Prime Brokerage | Markets Outlook

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4.7 • 698 Ratings

🗓️ 6 February 2026

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Moving Wall Street on-chain with Ondo Finance President Ian De Bode. Ondo Finance President Ian De Bode joins Jennifer Sanasie and Andy Baehr on CoinDesk Live at the Ondo Summit to discuss the firm's ascent to more than $2 billion in TVL and its roadmap for 2026. De Bode explains how Ondo is moving beyond simple asset issuance to build a comprehensive on-chain prime brokerage. A key pillar of this strategy is the launch of Ondo Perps, a platform that allows users to trade perpetual futures on equities and commodities using their tokenized spot assets as collateral. By bridging the gap between TradFi and DeFi, Ondo is turning crypto wallets into a place where global investors can access, hedge, and leverage 200+ tokenized stocks and ETFs 24/7. - Timecodes: 01:07 - Ondo Finance 2025 Milestones and Looking Ahead02:28 - The "Land Grab" in Tokenization04:10 - Solving the Retail Demand for 24/7 Stocks06:15 - Why Ondo Perps Is the Big Play for 202607:58 - Will Investors Still Use Centralized Exchanges and Perps? - This episode was hosted by Jennifer Sanasie and Andy Baehr.

Transcript

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0:00.0	Revenue is important, don't get me wrong, but I think right now is much more still about building the pipes.
0:05.1	The scale comes after. Because as much as I love having, you know, $2 billion in tokenized treasury, $600 million in tokenized stocks,
0:12.1	that's obviously a drop in the bucket compared to real traditional finance.
0:16.7	But I do think the sentiment is that we're starting to get to a point where the pipes are in place.
0:28.6	Our next yes is going to give us a full view of what's been going on at the Ando Summit.
0:34.1	And Ondo over the last year, we're joined now by Ondo Finance as president, Ian DeBoad. Hey, Ian.
0:40.5	Hi. Doing double duty today. Yeah, that's right. Busy day today.
0:43.9	Busy day today. Just me, maybe you're ready for the top job. Yeah, maybe who knows?
0:50.5	All right, we are at the Onda Summit, Andy and I, we're here last year.
0:54.8	Talk to us about the last year for Ondo.
0:57.4	We heard a little bit from Vice Chairman Patrick McHenry,
1:01.9	but from your perspective, what's been going on over the last year
1:05.3	and how is it culminating at the summit?
1:07.4	Yeah, I know.
1:08.2	I mean, 2025 has been a phenomenal year for Ondo, quite frankly.
1:11.8	We are now the number one in the tokenized treasury category
1:15.9	with over $2 billion in TVL.
1:18.4	We launched our Onda Global Markets platform,
1:20.9	which is really tokenized stocks and ETFs.
1:23.3	That one is coming up on more or less 600 billion in TVL,
1:26.7	which gives us about 60% market share in that category.
1:30.0	We've had partnerships with truly legacy Tratify players,
	...

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