Summary:

• MetaMask is introducing access to tokenized US stocks, ETFs and commodities via Ondo Global Markets tokens.
• The rollout is limited to non-US users and excludes 30 jurisdictions, including the UK, Canada and the EEA.
• The move puts MetaMask alongside wallets and exchanges expanding into real-world asset (RWA) tokenization.

MetaMask is moving further beyond pure crypto. The self-custodial wallet developed by Consensys is rolling out access to tokenized US stocks, exchange-traded funds and commodities through Ondo Global Markets. Instead of opening a brokerage account or something, users can gain exposure through tokens designed to traditional assets. The process runs through MetaMask Swaps, where users exchange Circle's USDC stablecoin for Ondo Global. MetaMask explains the experience in familiar crypto terms:

That framing matters because for many users, it's the idea that these assets behave like tokens inside a wallet - transferable, usable in DeFi, and not locked inside a traditional brokerage system.

Access comes with limits and signals where RWAs are heading

The rollout isn't global in the full sense. In line with Ondo's focus on serving non-US investors, users in the United States are excluded. The offering is also unavailable in 30 jurisdictions, including Canada, the European Economic Area and the United Kingdom. That restriction highlights a familiar tension in crypto's push toward real-world assets. The technology makes cross-border access technically simple, but regulation still draws the map. Tokenized versions of stocks and funds touch securities laws, investor protections and licensing rules that differ widely by region.

Ondo Finance, The company previously drew attention through its collaboration with World Liberty Financial (WLFI), a crypto project backed by US President Donald Trump. Meanwhile, Ondo's native token, ONDO, has fallen roughly 80% over the past year, according to market data. That price performance doesn't directly affect the design of GM tokens, but it does show how volatile sentiment can be around projects working at the intersection of crypto and traditional finance. MetaMask is embedding these assets into a flow users already know: swap one token for another. That lowers friction and It also reinforces the idea that, in this model, a share-like exposure is treated as just another onchain asset.

Competition is building in tokenized assets

MetaMask isn't alone in this direction. Major players are circling the same theme: bringing stocks, funds and other traditional instruments onto blockchain rails.

Coinbase, the largest US crypto exchange by trading volume, said last year that it was developing its own real-world asset platform, Coinbase Tokenize. Trust Wallet, the self-custodial wallet backed by Binance co-founder Changpeng "CZ" Zhao, integrated tokenized assets from Ondo in September 2025. Chainlink Pushes U.S. Stocks Onchain With 24/5 Equities Data Coverage. That means the infrastructure layer - wallets and exchanges is increasingly becoming the entry point for RWA exposure. This is about who becomes the interface for global investing. In traditional finance, that role belongs to brokerages and banks. In crypto, wallets like MetaMask are trying to fill that gap, especially for users outside the US who may face barriers to international investing.

Once an asset is represented as a token, it can plug into decentralized finance. Accroding to the MetaMask announcement  RWAs "can also be traded outside of traditional financial market hours" and "used across DeFi for lending and receiving yield." In simple terms, it could be collateral in a lending protocol or part of a yield strategy. That blending of traditional exposure with DeFi mechanics is still early. Legal structures, custody models and redemption processes all matter in the background. But from the user side, the line between "crypto asset" and "traditional asset" keeps getting thinner.

MetaMask's move with Ondo doesn't solve every regulatory or structural question around tokenized securities. What it does is push the concept further into everyday crypto usage and that's matters.

READ MORE: The One Thing Ethereum Still Can't Do - That COTI Already Solved