Crypto exchange MEXC has added 17 new pairs of tokenized stocks. Seven more assets are related to companies in the defense and energy sectors. The project is developing together with Ondo Finance.
The exchange is gradually expanding the list of such instruments. On-chain versions of American company stocks have appeared on the platform. Trading is conducted in pairs with the stablecoin Tether (USDT).
The new pairs cover several industries, including technology, healthcare, and finance.
The tokens are issued according to the ERC-20 standard on the Ethereum network. On the exchange, they are traded against USDT.
The underlying stocks are held in regulated trust accounts. They are audited by independent auditors once a quarter. Each token is tied to a specific stock.
On March 3, the exchange officially announced the listing of new pairs.
Trading fees for these pairs have been waived for the first 30 days. However, the companies whose stocks are included in the list have not yet been disclosed.
Later, the exchange separately announced the addition of seven more tokenized stocks. They are related to companies in the defense and energy sectors, including Lockheed Martin, RTX, ConocoPhillips and Occidental Petroleum.
Withdrawals for the new tokens are planned to open on Thursday.
This collaboration continues a series of tokenized stock launches that MEXC and Ondo Finance have been developing since the product’s launch in September 2025. The new 17 pairs mark the ninth expansion of this lineup.
See Also: On March 3, Crypto ETFs Received $224 Million, Ethereum Was the Only One to See Outflows
The MEXC exchange was launched in 2018 and has since grown into one of the major crypto platforms. The platform offers spot trading and derivatives for digital assets. According to CoinMarketCap statistics, MEXC currently ranks ninth among exchanges by spot trading volume.
Ondo Finance operates out of New York and is developing tokenization of financial assets. The company converts traditional instruments into on-chain format. According to RWA.xyz, the total value of assets issued through Ondo is now about $2.66 billion.
Ondo Finance tokenized asset volume. Source: RWA.xyz
Crypto Exchanges Are Actively Moving Toward Asset Tokenization
The race among cryptocurrency exchanges to tokenize stocks is gradually gaining momentum.
In June, more than 60 tokenized stocks appeared on exchanges, including Kraken and Bybit, through the xStocks product from Backed Finance. The list included shares of major companies such as Apple, Amazon, Nvidia, Tesla, Meta and Netflix.
The Gemini exchange also entered this market through a partnership with Dinari. In July, the company announced that users from the European Union would be able to trade an expanding list of tokenized American company stocks, including shares of Exxon, Sony, BlackRock and Visa.
Tokenized stocks are still almost unavailable to users in the United States. The market is waiting for clearer rules for blockchain securities.
Some crypto exchanges are also starting to work with regular stocks. To do this, they are launching services that function similarly to brokerage platforms.
In April, Kraken announced plans to add trading in about 11,000 stocks and ETF from the United States. The rollout will be gradual.
Coinbase and Bitpanda are also introducing stock trading. These features have appeared on the platforms in recent months.
Now users can buy and sell stocks on the same platforms where they trade cryptocurrencies.
