Ondo Finance's rise to the top spot rests on several product milestones, per RWA.xyz data cited by the company. Ondo Stocks became the first tokenized stock platform to reach $1B in TVL, doing so in under eight months. USDY is described as the world's largest tokenized Treasury product with over $2.3B in total value, and Ondo Intelligent Portfolios is the largest onchain portfolio product by TVL weeks after launch. Ondo products have reached 1M+ cumulative holders and are supported by major wallets, exchanges, and DeFi platforms. The company says tokenization is reshaping how assets move and how investors use them.

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