Ondo Finance Becomes the Second Largest Issuer of Tokenized Funds, Second Only to BlackRock

According to Token Terminal data reported by Jinse Finance, as of July 2025, Ondo Finance ranks as the second-largest issuer of tokenized funds, second only to BlackRock. BlackRock has become the largest issuer through its approximately $2.4 billion BUIDL money market fund. The total assets under management (AUM) in the tokenized fund market have reached $7.5 billion, with the market showing accelerated growth since the second half of 2024.