NEAR crypto and Ondo Finance have launched access to tokenized U.S. stocks and ETFs on near.com, opening with 20 assets including Nvidia, Tesla, Apple, Microsoft, Amazon, SPY and QQQ.

Eligible users fund their accounts with stablecoins or other supported crypto from more than 30 networks, with NEAR Intents acting as the cross-chain distribution layer that can eventually route these tokenized securities to connected wallets, applications, and DeFi protocols.

The launch is a distribution story before it is an asset-count story. Ondo’s broader tokenized stocks platform already lists more than 100 stocks and ETFs, according to Ondo’s own documentation, but NEAR’s initial rollout exposes only a fifth of that…