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MetaMask integrates Ondo to offer 200+ tokenized U.S. stocks inside wallet

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MetaMask integrates Ondo to offer 200+ tokenized U.S. stocks inside wallet

MetaMask, the popular self-custodial wallet, has added access to tokenized U.S. stocks, exchange-traded funds and commodities through a new integration with Ondo Finance’s Global Markets platform, the companies said Tuesday.

Eligible MetaMask mobile users in “supported non-U.S. jurisdictions” can now buy and trade more than 200 U.S. tokenized securities, including shares tracking companies like Tesla, Apple and Nvidia, as well as ETFs tied to gold, silver and the Nasdaq, directly inside the wallet, without opening a traditional brokerage account, according to the announcement.

The launch marks one of the first times tokenized U.S. equities and ETFs have been made natively available through a major self-custodial wallet, highlighting how real-world asset tokenization might become more closely integrated with traditional financial infrastructure.

The move comes as tokenized real-world assets have grown into a market worth more than $22 billion globally, according to the companies, as crypto firms look to blur the lines between traditional finance and on-chain markets.

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“Access to U.S. markets still runs through legacy rails. Brokerage accounts, fragmented apps, and rigid trading windows haven’t meaningfully evolved,” said Joe Lubin, the founder and CEO of Consensys and co-founder of Ethereum, in a press release shared with CoinDesk. “Bringing Ondo’s tokenized U.S. stocks and ETFs directly into MetaMask shows what a better model looks like. A single, self-custodial wallet where people can move between crypto and traditional assets without intermediaries and without giving up control.“

Read more: MetaMask Confirms $30M Rewards Program, Links to Future Token

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Crypto World

Fake Ledger Device Sold Chinese Marketplace: Research

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China, Ledger, Hardware Wallet, Cybersecurity, Hacks

A Brazilian security researcher has warned others of the latest counterfeit Ledger device scam aimed at stealing users’ crypto.

Posting as “Past_Computer2901” on the “ledgerwallet” Reddit channel on Thursday, the security researcher said they purchased what they thought was a legitimate Ledger device for personal use, but soon realized after it arrived that it was a sophisticated counterfeit aimed at stealing user funds. 

“This isn’t meant to cause panic, but rather to serve as a serious warning — I’m honestly still a bit shaken by the sheer scale of this operation,” they said. 

Scammers are adopting increasingly sophisticated strategies to target users opting for self-custody, from supply chain attacks to social engineering and approval scams.

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Earlier this month, more than 50 victims were tricked into revealing their seed phrases on a fake Ledger Live app that made its way to the Apple App Store via a bait-and-switch strategy. The victims lost a combined $9.5 million before Apple took down the malicious app.

How the counterfeit Ledger device scam works

The researcher said he bought the Ledger Nano S Plus from a Chinese marketplace, which was priced the same as the official Ledger store. The packaging and the listing also appeared legitimate at first.

However, when they connected the device to the genuine Ledger Live app — which was luckily already installed on their computer — it failed Ledger’s built-in “Genuine Check.” 

This prompted them to pull apart the device, discovering modified hardware and firmware designed to capture and expose sensitive wallet data.

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The security researcher said the scammers target first-time Ledger users, as the QR code that comes in the box would normally direct users to download a malicious version of the Ledger Live app that would show a fake “Genuine Check.”

Users continuing to follow the prompts will eventually allow scammers to obtain a user’s seed phrases and drain funds at any time.

China, Ledger, Hardware Wallet, Cybersecurity, Hacks
Picture of the counterfeit Ledger device being taken apart. Source: Reddit

“Stay safe out there. Only download Ledger Live from ledger.com. Only buy hardware from ledger.com,” the security researcher said. 

“If your device fails the Genuine Check — stop using it immediately.”

After pulling apart the device, they discovered clear signs of tampering, including scraped chip markings and a WiFi and Bluetooth antenna embedded inside the unit. 

Legitimate Ledger hardware products are designed to keep private keys fully offline.

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Related: Musician loses $420K Bitcoin ‘retirement fund’ via fake Ledger app

The security researcher then looked into the firmware, putting the “chip into boot mode,” which initially identified the device as a Nano S Plus 7704 with an attached serial number.

However, once the boot sequence completed, another manufacturer’s name showed up: Espressif Systems, a publicly listed Chinese semiconductor company based in Shanghai.

Cointelegraph reached out to Espressif for comment but didn’t receive an immediate response.

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