MetaMask, the self-custodial wallet developed by Consensys, has launched access to tokenized U.S. stocks, exchange-traded funds, and commodities through Ondo Global Markets. The feature is initially available on MetaMask mobile and allows eligible users in non-U.S. jurisdictions to acquire more than 200 tokenized assets, including major stocks and gold or silver ETFs, directly on the Ethereum network.
Recent data shows spot trading volumes for tokenized stocks have surpassed $1billion, driven mainly by investors outside the U.S. seeking on-chain access beyond standard market hours. Analysts say this reflects geographic arbitrage and rising interest from both retail and institutional participants.
MetaMask Enables Global Access to Tokenized Assets
Activity is largely concentrated among investors outside the U.S. seeking on-chain access to equities beyond standard market hours. The trend reflects a shift in global trading behavior, with tokenized instruments providing continuous access to traditional assets and bypassing local brokerage and currency constraints.
Analysts note this highlights a geographic rather than temporal arbitrage , with growing interest from both retail and institutional investors.
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Users acquire these tokenized assets by swapping USDC stablecoin for Ondo GM tokens, which track the value of the underlying securities on a 1:1 basis. MetaMask expects to add desktop support via its browser extension by the end of February.
Consensys CEO Joe Lubin said the offering demonstrates “a single, self-custodial wallet where people can move between crypto and traditional assets without intermediaries and without giving up control.” He added that it shows “what a better model looks like.”
Crypto Wallets Expand Tokenized Asset Access
The rollout excludes users in 30 countries, including the U.S., Canada, the United Kingdom, and the European Economic Area. MetaMask enforces these geographic restrictions using IP-based checks and said it continues to explore compliant ways to expand access in line with regulatory requirements.
MetaMask’s launch reflects a wider industry trend toward integrating real-world assets into crypto wallets and trading platforms. Other companies, including Coinbase and Trust Wallet, have also begun offering tokenized assets.