Felix Protocol has launched tokenized US stocks and ETFs on HyperEVM, providing on-chain traders with access to over 250 stocks through its native interface. These assets are built on Ondo Finance's infrastructure and backed by off-chain real stocks. The protocol claims that users can execute orders of up to $1 million with net execution costs below 10 basis points. This development has transformed Felix from a lending protocol into the fifth-largest DeFi application on the Hyperliquid L1 platform. Future plans include limit orders, international stocks, and the use of tokenized stocks as collateral.