Crypto exchange MEXC has expanded its tokenized equity offerings through a partnership with Ondo Finance, listing new on-chain representations of U.S. stocks that trade against Tether (USDT) on the platform.
Company statements this week said the rollout includes 17 newly listed tokenized stock pairs plus seven additional tokens tied to U.S. defense and energy firms. The tokens are issued as ERC-20 assets on Ethereum and trade in USDT pairs. MEXC says the underlying shares are held in regulated trust accounts, are subject to quarterly third-party audits, and the tokens are intended to represent ownership of the corresponding equities.
A March 3 announcement introduced the 17 extra tokenized stock pairs, spanning sectors including technology, healthcare and finance; trading fees for those pairs will be waived for the first 30 days. The company did not disclose the individual names in that batch. A separate release on Wednesday added seven tokenized equities linked to defense and energy companies, naming Lockheed Martin (LMT), RTX (RTX), ConocoPhillips (COP) and Occidental Petroleum (OXY). Withdrawals for the newly listed tokens were scheduled to begin Thursday.
This expansion continues a series of tokenized equity listings MEXC and Ondo Finance have rolled out since MEXC launched the product in September 2025; the 17 new pairs represent the ninth expansion of the offering.
MEXC, founded in 2018, is a centralized cryptocurrency exchange that offers spot and derivatives trading for digital assets and ranks among the top exchanges by spot trading volume, according to CoinMarketCap. Ondo Finance is a New York–based firm focused on bringing traditional financial assets on-chain through tokenization; RWA.xyz shows assets issued through Ondo totaling about $2.66 billion in tokenized value.
The move is part of a broader industry push to tokenize stocks. In June, more than 60 tokenized equities became available on exchanges including Kraken and Bybit via Backed Finance’s xStocks product, covering major names such as Apple, Amazon, Nvidia, Tesla, Meta and Netflix. Gemini has also entered the market through a partnership with Dinari, offering a growing list of tokenized U.S. stocks to EU customers, including shares tied to Exxon, Sony, BlackRock and Visa.
Tokenized equities remain largely unavailable to U.S. retail users as the industry awaits clearer regulatory guidance for blockchain-based securities. At the same time, several crypto platforms are moving into traditional equities through brokerage-style services: in April, Kraken said it would begin offering trading in roughly 11,000 U.S.-listed stocks and exchange-traded funds as part of a phased U.S. rollout, and both Coinbase and Bitpanda have announced stock trading features that let users buy and sell equities alongside cryptocurrencies on their platforms.
This article was produced in accordance with Cointelegraph’s Editorial Policy; readers are encouraged to verify information independently. Read the Editorial Policy at https://cointelegraph.com/editorial-policy