Tokenized stocks. Onchain. Live. Today.
The thing we have been calling composable finance stopped being a slide this week.
50 tokenized US equities and ETFs are live on Fensory. Tesla, NVIDIA, Alphabet, the iShares Core S&P 500 ETF, 46 others. Tradeable 24/7. Ondo-issued, on Ethereum and BNB Chain. $87.5M traded in the last 24 hours.
What that means in practice: a token that represents Circle stock now sits next to a Pendle PT position, a Morpho lend, and an iShares S&P 500 ETF in the same portfolio view. The asset classes have stopped pretending they are separate.
The reason we care: most platforms can show you one of those things. We are building for the position that needs more than one of them at once. A tokenized equity basis trade. An RWA loop. A weekend gap fade on a stock token while the underlying market is closed. None of these exist as one action on a single venue.
So far the top five by market cap are Circle, Micron, the iShares Core S&P 500 ETF, NVIDIA, and the SPDR S&P 500 ETF. Forty five more, across Technology, Finance, Healthcare, Consumer, ETF, Commodity, Automotive, Industrial, E-commerce, and Energy.
The yield rooms are still here, still core. They are no longer the whole house.
What we want to figure out next: which two of these tokens, traded together, expresses something useful that neither of them does alone.
Alex
Fensory
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