MetaMask has officially expanded beyond crypto. The wallet now supports tokenized U.S. stocks, ETFs, and commodities, allowing users to gain on-chain exposure to traditional financial markets without using a brokerage account.
Ondo Finance powers the rollout and represents one of the clearest signals yet that real-world asset tokenization is moving into the mainstream.
TL;DR
- MetaMask now supports tokenized U.S. stocks and ETFs
- Powered by Ondo Finance and Ethereum
- Available to eligible non-U.S. users
- Self-custodial and on-chain
- A major step forward for real-world asset tokenization
“Access to US markets still runs through legacy rails. Brokerage accounts, fragmented apps, and rigid trading windows haven’t meaningfully evolved. Bringing Ondo’s tokenized US stocks and ETFs directly into MetaMask shows what a better model looks like.” Joe Lubin, Founder and CEO of ConsenSys and Co-Founder of Ethereum.
What Did MetaMask Actually Add?
MetaMask users in eligible jurisdictions can now access 200+ tokenized U.S. equities and ETFs directly from the wallet interface.
Ondo Global Markets issues the assets and settles on Ethereum.
Supported exposure includes:
- Large-cap U.S. stocks such as Apple, Tesla, Microsoft, and Nvidia
- Major ETFs tracking U.S. equities and commodities
- Dollar-denominated settlement using stablecoins like USDC
MetaMask Swaps integrates this functionality directly, meaning no external dApps or custodians are required.
External source: MetaMask official announcement
How Tokenized Stocks Work in MetaMask
These are tokenized representations, not directly registered shares.
Regulated custodians hold the underlying stocks and ETFs. On-chain tokens mirror price performance and can be transferred like any other crypto asset.
Key characteristics:
- Self-custodial ownership via MetaMask
- On-chain settlement instead of T+1 or T+2
- 24/5 trading aligned with U.S. market hours
- 24/7 peer-to-peer transfers
This structure mirrors how tokenized treasuries and private credit already operate in DeFi.
External source: CoinDesk coverage
Who Can Access Tokenized US Stocks?
You cannot access tokenized stocks depending on your location.
Currently:
- ✅ Available to non-U.S. users in approved jurisdictions
- ❌ Not available to U.S., UK, EU, or Canadian users
- 📱 Mobile MetaMask app only (desktop support expected later)
This approach reflects regulatory caution rather than technical limits.
Why This Matters for Tokenization
This launch solves a long-standing issue in tokenization: distribution.
By embedding RWAs inside one of the world’s most widely used wallets, MetaMask lowers friction dramatically.
Implications:
- No brokerage accounts required
- One wallet for crypto, RWAs, and DeFi
- Easier portfolio diversification on-chain
The same model is now being explored across tokenized real estate, private markets, and structured products.
External source: Ondo Finance overview
Risks and Limitations
Tokenized stocks are not identical to direct equity ownership.
Important limitations:
- No shareholder voting rights
- Dividend handling depends on issuer structure
- Smart-contract and issuer risk still apply
- Regulatory access may change by region
Remember, these products offer economic exposure, not legal shareholder status.
What This Signals for Tokenized Real Estate
From a broader perspective, this strengthens the RWA ecosystem.
If wallets can natively support stocks:
- Tokenized real estate becomes easier to distribute
- Fractional property tokens gain parity with equities
- Multi-asset on-chain portfolios become practical
This is a strong signal that tokenized ownership is moving from niche to infrastructure.
Conclusion: A Turning Point for On-Chain Investing
MetaMask adding tokenized U.S. stocks is more than a feature update. It’s a signal that on-chain investing is maturing.
By embedding tokenized equities directly into a self-custodial wallet, MetaMask removes one of the biggest barriers to adoption: access. Investors no longer need to choose between crypto wallets and traditional brokers. They can now hold digital assets, real-world assets, and fractional exposure to global markets in one place.
Regarding the broader tokenization ecosystem — especially tokenized real estate — this matters. Distribution has always been the missing piece. Wallet-native access changes that equation.
In conclusion, tokenized stocks won’t replace traditional ownership overnight. However, they clearly point to a future where ownership, exposure, and settlement move on-chain by default. In that sense, MetaMask’s move isn’t experimental. It’s foundational.
FAQ
Are tokenized shares real shares?
No. They provide price exposure, not direct shareholder registration.
Can U.S. users access tokenized shares on Metamask?
Not at launch.
Are dividends supported on tokenized shares?
In some cases, but they are handled via the token issuer, not directly from the company.
Can these tokens be used in DeFi?
Potentially, yes — though integrations will evolve.