Catenaa, Sunday, August 16, 2026- MEXC has expanded its tokenized stock offering with five new Ondo-linked trading pairs, extending blockchain-based equity access into artificial intelligence infrastructure, semiconductors, enterprise software and strategic rare earth materials.
The exchange added tokenized exposure linked to AXT Inc., Aehr Test Systems, Applied Digital, USA Rare Earth and SAP SE. The assets trade against USDT on MEXC’s spot market.
The selection points to a widening tokenization trend. Crypto exchanges are moving beyond tokenized versions of household technology stocks and increasingly adding companies tied to specialized investment themes.
Applied Digital offers exposure to digital infrastructure associated with high-performance computing and AI. AXT and Aehr Test Systems operate within the semiconductor ecosystem, while USA Rare Earth gives traders exposure to a sector increasingly linked to technology supply chains.
SAP adds enterprise software to the mix.
The listings represent the 27th batch of tokenized stock pairs introduced through MEXC’s collaboration with Ondo. Eligible users outside the US can use Ondo’s infrastructure to gain blockchain-based exposure to US stocks and ETFs, with minting and redemption available 24 hours a day, five days a week.
The expansion comes as traditional assets gain traction on crypto trading platforms.
Data cited by MEXC and CoinGecko showed US stock-related trading across six major centralized crypto exchanges surged 337.4% month over month in June to $189.84 billion. Stock products represented 48.3% of traditional-asset trading volume tracked in the report, overtaking precious metals.
MEXC said its own traditional-finance trading volume reached $91.12 billion in May after expanding roughly 59-fold.
The numbers suggest tokenization is becoming more than an experiment in putting familiar stocks on blockchains.
Crypto exchanges are increasingly competing for traders who want cryptocurrencies, equities, commodities and other assets accessible through the same account.
Round-the-clock access, fractional exposure and blockchain settlement could further weaken the traditional separation between crypto exchanges and conventional brokerage platforms.
For tokenized stocks, the next phase may be defined less by whether investors can trade Apple or Tesla onchain and more by how deeply platforms can reproduce the wider stock market inside crypto infrastructure.
