Product Launchtokenized equitieserc 20mexcondo finance
MEXC Expands Tokenized Stocks With Ondo
6.2
Crypto exchange MEXC announced on March 3 that, via its partnership with Ondo Finance, it added 17 tokenized stock pairs plus seven defense and energy tokens, including Lockheed Martin, RTX, ConocoPhillips and Occidental Petroleum. The ERC-20 tokens trade against USDT on Ethereum, with underlying shares held in regulated trust accounts and subject to quarterly third-party audits; withdrawals begin March 5.
Key Points
- 1Added 17 tokenized stock pairs and seven defense/energy tokens, ERC-20 tokens on Ethereum
- 2Highlights custody and audit practices with shares held in regulated trusts, quarterly third-party audits
- 3Enables crypto traders to gain US equity exposure via USDT trading without traditional brokerages
Scoring Rationale
New, credible tokenized-equities rollout with practical trading access; limited broader impact outside crypto financial markets.
Sources
Public references used for this report.
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