MetaMask enters tokenized U.S. stocks with Ondo integration: Details

Web3 wallet platform MetaMask has rolled out tokenized stock and ETF (exchange-traded fund) offerings, allowing its users to trade crypto and U.S equities, all in one, familiar platform. 

The latest on-chain stocks integration will be powered by Ondo Finance, one of the leading issuers of tokenized assets. This will be MetaMask’s third major integration, targeting booming narratives. 

In October 2025, the wallet partnered with Hyperliquid, giving its users access to crypto perpetuals (perps). Perps are derivatives that allow crypto traders to speculate on price moves with leverage to maximize profit, with steeper losses too, if the market goes against one’s position.  

Fast forward to December, MetaMask tapped Polymarket to launch prediction markets. Apart from stablecoins, speculation has become a key driver for crypto markets. The perpetuals and prediction market boom underscore this, too. 

The latest expansion signals growing demand for tokenized markets. 

MetaMask eyes RWA boom

Real-world asset (RWA) tokenization has gained momentum as the U.S. pushes for regulatory clarity in the sector. At press time, the market has hit $24 billion and is growing. 

In particular, tokenized stocks are on-chain representations of underlying traditional equities. It allows on-chain users to trade stocks such as Apple and Nvidia, as well as select ETFs. All these without leaving your crypto wallet. 

This sub-sector has seen holders double in January to nearly 300,000 users, and the overall market was close to the $1 billion milestone. 

This underscored the growing appetite for the U.S. equity market among non-U.S. users via crypto rails, noted Joe Lubin, Founder and CEO of ConsenSys, the firm behind MetaMask. 

Lubin added, 

“Access to U.S. markets still runs through legacy rails. Brokerage accounts, fragmented apps, and rigid trading windows haven’t meaningfully evolved. Bringing Ondo’s tokenized U.S. stocks and ETFs directly into MetaMask shows what a better model looks like.”

For his part, Ian De Bode, President at Ondo Finance, said the integration would make wallets feel like the Robinhood platform. 

“MetaMask can offer its users access to tokenized U.S. stocks and ETFs with pricing that reflects traditional brokerage markets, bringing the economics of platforms like Robinhood into a self-custodial, onchain wallet.”

Worth pointing out that this will be done via MetaMask Swaps, where users can exchange their USDC for Ondo Global Markets’ tokens, which track major U.S equities. 

That said, it was not yet clear whether the integration would expand to Ondo Perps, a separate equity perps targeting tokenized stocks and currently dominated by Hyperliquid. 

Source: DeFiLlama

The integrations have seen MetaMask perp volume (green) jump from $700 million to nearly $2 billion over the past four months, outpacing traditional swaps (yellow). If the trend continues, these will translate into higher revenue. 

Final Thoughts

• MetaMask added tokenized stocks after last year’s perps and prediction markets integrations, boosting its traction
• The wallet’s perp volume has more than doubled from $700 million to nearly $2 billion over the past 4 months.