# Tokenized stocks expand beyond market access into collateral and diversified portfolios

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/investing/52525
Published: 2026-11-09T20:20:29.000Z
Updated: 2026-11-09T20:20:29.000Z
Section: Investing

> Ondo says tokenized stocks are expanding into borrowing collateral, diversified portfolios and perpetual futures, with its portfolio product exceeding $50 million in assets within four weeks.

Tokenized stocks are gaining uses beyond access to U.S. capital markets, including collateralized borrowing, diversified portfolios and perpetual futures trading. Ondo said its focus is expanding from making assets available onchain to building demand for products that use them.

In a November 9 interview on CoinDesk’s X account, Mathieu de Verne, Ondo’s global head of institutional, said the platform’s onchain assets had doubled over the past year and cumulative onchain users had exceeded 1 million. He described that growth as a starting point for broader adoption.

De Verne said demand initially came from investors outside the U.S. who face barriers to buying Treasuries, U.S. stocks and ETFs. Intermediary fees, investor eligibility restrictions and trading hours across time zones can limit access. Ondo focused on those constraints as a source of demand, he said.

Investors can access the assets through partner centralized exchanges or self-custody wallets, where they control their own keys. De Verne described users buying tokenized Apple and Nvidia shares through existing exchange accounts or trading with stablecoins held in their wallets. In parts of Southeast Asia, Africa and Latin America, he said, brokerage access to U.S. assets can be difficult or expensive.

Beyond holding investments, users can pledge tokenized stocks as collateral to borrow funds or obtain diversified exposure through a single token. De Verne said Ondo had launched a portfolio product in partnership with BlackRock that reduces the need for investors to manage individual allocations. The portfolio token can also serve as onchain collateral, he said.

Perpetual futures are currently the fastest-growing use case, according to de Verne. Using stocks instead of stablecoins as collateral can improve capital efficiency by allowing invested assets to support trading positions, he said. He also described hedged strategies that seek to capture platform funding payments. Ondo’s portfolio product attracted more than $50 million in assets within four weeks of launch, he added.

De Verne also outlined plans to offer tokenized Anthropic shares on its IPO day, drawing on Ondo’s experience providing onchain access to SpaceX shares. He said demand similar to that seen for SpaceX could bring substantial inflows on the day of the offering.

After improving access, the next step is to offer products and uses that investors cannot obtain through traditional financial channels, de Verne said. He described Ondo’s aim as making its assets available onchain so others can build additional products and applications around them.