NEAR and Ondo Finance have expanded access to tokenized U.S. stocks and exchange-traded funds through near.com, with the initial rollout featuring 20 assets such as Nvidia, Tesla, Apple, Microsoft, Amazon, SPY and QQQ.

Eligible users can deposit stablecoins or other supported cryptocurrencies originating from more than 30 networks. NEAR Intents provides the cross-chain infrastructure for the integration and is designed to eventually extend access to Ondo’s tokenized securities across wallets, applications and decentralized finance protocols.

The initial launch is focused on distribution rather than the number of assets available. Ondo’s broader platform includes more than 100 tokenized stocks and ETFs, according to its documentation, while only 20 are initially accessible through near.com.

Near.com is the primary interface for users, handling account access and trading. NEAR Intents serves as a separate routing layer intended to connect the tokenized assets with other wallets, applications and DeFi platforms.

This distinction is central to the rollout. Near.com provides the direct trading experience, while NEAR Intents is intended to provide the infrastructure needed to distribute the same assets across multiple blockchain ecosystems.

Ondo’s wider tokenized securities platform includes individual stocks, major indexes such as SPY and QQQ, and fixed-income ETFs including TLT, TIP and AGG.

The 20 assets available through NEAR represent only a portion of Ondo’s overall catalog. Users seeking the complete selection can refer to Ondo’s full application rather than assuming every asset is available through near.com.

How NEAR’s Tokenized Stocks Work

The system uses USDon for purchases. Ondo says the stablecoin is backed 1:1 by a U.S. dollar held in an Ondo Stocks brokerage account.

If a user deposits another supported stablecoin, the platform converts it into USDon before completing the purchase. When the tokenized asset is redeemed, the conversion process operates in reverse.

Ondo says the structure is intended to allow transactions to take place immediately instead of relying on conventional securities settlement periods.

For an eligible user, the process involves depositing supported crypto or stablecoins from one of more than 30 networks and then swapping those funds for an available tokenized stock or ETF through a single transaction.

This approach reduces several steps normally involved in moving funds across networks and onboarding onto separate platforms.

However, the initial NEAR deployment is limited to 20 assets. The launch material identifies several of them but does not provide a complete list of all 20, so availability should be checked directly before searching for a specific ticker.

NEAR Intents Could Expand the Reach

The broader significance of the partnership could come from NEAR Intents and its role as a cross-chain distribution layer.

Rather than keeping Ondo’s tokenized securities within near.com, the system is designed to make them available through connected wallets, applications and DeFi protocols.

The current 20-asset lineup therefore represents the starting point of the integration rather than necessarily its long-term limit.

Ondo currently offers tokenized securities tied to companies and funds listed on the NYSE and NASDAQ. Its documentation also indicates that the platform could eventually support securities listed on exchanges in other countries.

The launch comes as other companies pursue different approaches to tokenized equities. Robinhood, for example, is developing its own blockchain-based tokenized-stock infrastructure, although its model differs from the NEAR-Ondo structure.

Tokenized Stocks Remain Unavailable to U.S. Users

The Ondo tokenized stock products are not available to U.S. persons.

According to Ondo’s documentation, the products are offered to eligible individuals and organizations outside the United States and other restricted jurisdictions, while certain regions are excluded entirely.

The products represent tokenized exposure to securities listed on the NYSE and NASDAQ rather than conventional shares held through a traditional brokerage account.

Regulatory treatment of tokenized securities remains different across jurisdictions, and the U.S. framework for these products is still evolving.

The NEAR-Ondo launch therefore does not alter the existing geographic restrictions or give U.S.-based traders access to the tokenized stocks.