Tokenized ETF Market Cap Hits $430M, Ondo Finance's IVVon Surges 150% Over Past Month

According to Token Terminal data, the total on-chain market capitalization of tokenized exchange-traded funds (ETFs) reached $430 million. Ondo Finance’s IVVon token led the category, surging approximately 150% over the past month on Ethereum. IVVon is a tokenized version of the iShares Core S&P 500 ETF, enabling users to gain exposure to traditional stock market indices on-chain. Additionally, the on-chain euro stablecoin market exceeded $760 million in total value, with 66% of euro stablecoins issued on Ethereum.