Stock markets close. Ondo Finance just decided that particular tradition needed an update.

The protocol’s Ondo Global Markets platform now supports 24/7 instant minting and redemption of tokenized US stocks and ETFs. That means qualified non-US investors can buy and sell tokenized versions of major equities at any hour, on any day, weekends and holidays included. The feature went live on June 25.

What’s actually happening here

The platform covers over 200 tokenized stocks and ETFs, including tokens tracking the S&P 500 (SPYon), the Nasdaq-100 (QQQon), and Tesla (TSLAon). The minimum investment sits at just $1, and Ondo charges zero fees for minting or redemption.

A non-US investor in Tokyo or Dubai can now mint a $1 token representing a fraction of a US ETF at 3 AM on a Sunday morning without paying a cent in platform fees.

The system is powered by Ondo’s Nexus infrastructure, which handles on-demand, price-linked creation and redemption of tokens. Those tokens are backed by real securities held at broker-dealers.

Initial blockchain support includes Ethereum and BNB Chain, with Solana integration expected to follow. The platform also integrates Chainlink price feeds for select assets, providing the real-time pricing data necessary to make around-the-clock redemption work.

The bigger picture for Ondo

The protocol’s tokenized US Treasuries product, OUSG, has accumulated approximately $1.03 billion in total value locked.

In April, Ondo announced a partnership with Broadridge to enable onchain voting for tokenized assets, addressing the persistent criticism that holding a token doesn’t give you the governance rights that come with owning actual shares.

The platform now tracks over 430 assets in total, spanning both the equities and fixed-income sides of the tokenization market.

What this means for investors

The zero-fee structure paired with a $1 minimum also deserves attention. Traditional brokerage accounts for non-US investors accessing US markets often involve currency conversion fees, international transaction charges, and minimum balance requirements.

US persons are explicitly excluded from the platform. This is clearly a regulatory design choice, keeping the product outside the jurisdiction of the SEC while still offering exposure to US-listed securities.

The risk side of the equation centers on liquidity and counterparty exposure. Minting and redeeming tokens 24/7 requires that the backing broker-dealers can settle the underlying securities accordingly, or that sufficient reserves exist to handle redemptions during off-market hours. How Ondo’s Nexus system manages that gap between continuous token liquidity and the still-very-much-not-24/7 settlement of actual US equities will be the technical detail that matters most as volumes scale.