Ondo Bridges Tokenized Stocks to Hyperliquid via LayerZero

Ondo Finance announced on May 11, 2026 that its LayerZero-powered bridge now enables transfers of Ondo tokenized U.S. stocks and ETFs from Ethereum and BNB Chain to Hyperliquid’s HyperEVM. The move opens access to more than 35 tokenized assets (including SPY, TSLA, GOOGL, NFLX, BABA and UNG), lets traders use real tokenized spot positions as collateral alongside perpetual futures, and could deepen on‑chain liquidity and capital‑efficient hedging. Adoption is supported by growing regulatory clarity and rising TVL in tokenized equities, where Ondo holds roughly $935M. However, security concerns persist after a recent LayerZero-linked exploit (Kelp DAO), which involved roughly $292M and triggered broader DeFi outflows, tempering the short‑term risk outlook. Overall the integration is bullish for tokenized markets and on‑chain trading infrastructure but mixed for market participants given bridge security risks.