• Ondo Stocks processed $27 billion in cumulative trading volume in 10 months since launch
• Newly launched Ondo Perps clears $8 billion in cumulative volume
• Ondo ecosystem crosses 200,000 holders, growing 20% in the last 30 days

NEW YORK, Aug. 15, 2026 /PRNewswire/ — Ondo Finance today shared a set of ecosystem milestones spanning its tokenized equities platform, Ondo Stocks, the recently launched perpetual futures venue powered by its technology, Ondo Perps, and Ondo-tokenized treasury products, USDY and OUSG, reflecting continued growth in onchain access to U.S. capital markets.

The figures indicate a maturing market structure for tokenized real-world assets (RWAs): sustained secondary liquidity across both centralized and decentralized venues, a new, fast-scaling derivatives venue, and a holder base that grew nearly 20% in the last 30 days alone.

Ondo Stocks tops $1 billion in tokenized equities and ETFs
Ondo Stocks now holds $1.01 billion in total value locked (TVL), less than a year after the platform launched in September 2025. Every token is fully backed by the corresponding stock or ETF, held with one or more licensed U.S. custodial broker-dealers. The platform became the world’s largest tokenized stocks provider by TVL within 48 hours of launching and remains as such today, with more than 440 assets available.

$27 billion in cumulative trading volume answers the tokenized stocks liquidity question
Since launch, Ondo Stocks has processed $27 billion in cumulative volume across centralized exchanges, decentralized exchanges, and primary mint/redeem activity. At roughly 26x the platform’s current TVL, the turnover figure suggests Ondo Stocks assets are being actively traded.

Ondo Perps clears $8 billion in cumulative volume, with activity continuing to accelerate
Ondo Perps, the ecosystem’s perpetual futures venue launched in July, recorded more than $8 billion in cumulative volume, with more than $5 billion in trading volume over the trailing 30 days from public launch and a high of $87m million in open interest. More telling than the total is the trajectory: daily volume has climbed steadily rather than spiking at launch and decaying, with the strongest sessions, peaking above $350 million, occurring in the most recent week rather than in the opening days.

Ondo ecosystem crosses 200,000 holders, up 20% in 30 days
Ondo now counts 200,645 holders across its product suite, an increase of 20% over the prior 30 days, with 186,636 cumulative holders on Ondo Stocks alone. Monthly transfer volume across the ecosystem reached $2.82 billion, up 25.37% month over month, against 89,485 monthly active addresses. Holder growth and transfer velocity are both accelerating, indicating the growth is coming from new participants rather than from a concentrated set of existing accounts increasing position size.

Tier-one exchange distribution reaches $18 billion in CEX volume
Tokenized Ondo Stocks assets have traded $18 billion across centralized exchanges, with $206 million currently held on-venue: $139 million on Binance, $32 million on Gate, $18 million on Bitget, and $6 million on MEXC. Major exchanges listing and holding tokenized equities represents a distribution channel that did not exist for real-world assets two years ago, and places tokenized U.S. equities alongside spot crypto on the venues where most global trading volume originates.

USDY tops $2 billion across a dozen networks
Ondo U.S. Dollar Yield (USDY), a tokenized note backed by short-term U.S. Treasuries and bank demand deposits, has reached $2.15 billion in total asset value with 15,604 holders and a 7-day APY of 3.49%. USDY is live on twelve networks, led by Ethereum at $1.1 billion, Stellar at $534 million, SEI at $258 million, and Solana at $179 million, with additional deployments on Mantle, Noble, Sui, Arbitrum, Aptos, MANTRA, BNB Chain, and Plume. USDY’s total asset value has more than doubled since the start of 2026.

About Ondo Finance
Ondo Finance is a blockchain technology company. Its mission is to accelerate the transition to an open economy by building the platforms, assets, and infrastructure that bring financial markets onchain. For more information, visit https://ondo.finance.

This press release is for information purposes only and does not constitute an offer, solicitation, or recommendation to buy or sell any digital assets or to enter into any transaction or trading relationship. Any products and services described are provided by relevant group entities only where permitted, and are subject to applicable laws, regulations, and client eligibility requirements.

Ondo Stocks are offered and sold by Ondo Global Markets (BVI) Limited to eligible non-US persons only and are not available to US persons. Certain statements in this release may be forward-looking, including statements regarding expected client uptake, the development of tokenized real-world asset markets, and the parties’ respective product roadmaps, and may use words such as “may,” “expects” or “is expected to.” Forward-looking statements involve risks and uncertainties, and actual outcomes may differ materially from those expressed or implied. Please see additional important disclaimers related to Ondo Stocks at https://docs.ondo.finance/general-access-products/ondo-stocks/important-notes.

OUSG tokens are available solely to persons who are accredited investors (as defined in Rule 501 of Regulation D under the US Securities Act of 1933, as amended (the “Act”)) and qualified purchasers (as defined in Section 2(a)(51) of the US Investment Company Act of 1940, as amended. Additional terms and restrictions apply. See docs.ondo.finance/legal/terms-of-service, https://docs.ondo.finance/qualified-access-products/ousg, https://ondo.finance/ousg, app.ondo.finance and (as applicable) the Token offering documents for details.

Access to and use of the Ondo Perps platform (the “Platform”) is strictly prohibited for: (i) persons that are the target of any sanctions under any US, UK, EU or UN sanctions regulations; (ii) persons located in, resident in, or organized under the laws of any jurisdiction targeted by comprehensive embargoes under any such sanctions regulations; and (iii) (A) individuals located in, residing in or who are citizens of and (B) entities organized under the laws of, with a principal place of business in, or who are ultimately beneficially owned or controlled by individuals located in, residing in or who are citizens of: the United States, any of its states, possessions, territories or federal districts; or any other jurisdiction where the offering, sale, or trading of perpetual futures contracts on the Platform is prohibited by law.

Without limiting the foregoing, access to and use of the Platform is not available in the United States (or any of its states, possessions, territories or federal districts) or to U.S. persons.

Neither the Platform nor any perpetual futures contracts traded on the Platform are registered with the United States Securities and Exchange Commission, the United States Commodity Futures Trading Commission, or with any other regulator or governmental authority within or outside of the United States. Additional terms and restrictions apply. See ondoperps.xyz for details.

The issuers of the tokens addressed in this press release and the entity making the Platform available, their affiliates, their respective shareholders and members, and their respective directors, officers, employees, consultants, agents and representatives (the “Ondo Persons”) do not endorse, the Ondo Persons do not make any representation or warranty whatsoever (express or implied, including but not limited to any warranty of merchantability, fitness for a particular purpose, or non-infringement) regarding, and THE ONDO PERSONS SHALL NOT HAVE ANY LIABILITY WHATSOEVER WITH RESPECT TO ANYONE’S USE OF, any third-party products, services or technologies referenced herein.

Strong Growth Across Segments Boosted First Half 2026 Revenue to $6.9 million

Profit Turnaround Achieved as First Half Net Income Reached $2.5 million

OSAKA, Japan, Aug. 15, 2026 /PRNewswire/ — FiEE, Inc. (NASDAQ:FIEE) (“FiEE,” the “Company,” “we,” “our,” or similar terms), a technology company integrating IoT, connectivity, and AI to redefine brand management solutions in the digital era, today announced its unaudited financial results for the three and six months ended June 30, 2026, marking a profitable half-year following its strategic transformation.

Operational and Financial Highlights for the Six Months Ended June 30, 2026

• Revenue soared 15,298.1% year-on-year to approximately $6.9 million, compared to $0.05 million in the first half of 2025. The increase in revenue primarily reflects the Company’s strategic transition from legacy hardware operations to SaaS solutions, with a new business model focusing on integrating AI and big data into content creation and brand management, and the successful expansion into multiple new business lines, including SaaS – MCN digital services, software services, digital authentication services, and other services, most of which experienced rapid growth following their launch.
  • As of June 30, 2026, the Company onboarded over 900 customers for its SaaS – MCN digital services, representing total service fees of $9.2 million, of which $7.9 million has been recognized as revenue cumulatively. Specifically, in the first half of 2026, FiEE added 138 new customers and recognized $2.6 million in revenue from this business.
  • As of June 30, 2026, we secured contracts totaling $2.9 million for our software services, $1.7 million of which was recognized as revenue in the six months ended June 30, 2026. During the first half of 2026, FiEE added 18 new software services customers, bringing the total number of customers for these services to 31.
  • As of June 30, 2026, the digital authentication services business line generated cumulative revenue of $2.9 million, including $2.6 million recognized in the six months ended June 30, 2026, serving five corporate clients and 459 individual clients in total, with related accounts receivable amounting to $2.0 million.
• Gross profit was $5.4 million, compared to a gross profit of $438 in the same period of 2025. Gross margin increased significantly to 77.3% in the first half of 2026, up from 1.0% in the same period of 2025. The improvement was primarily driven by our MCN digital services, which leverage AI and data analytics to reduce reliance on manual labor, resulting in higher margins compared to traditional service models.
• Net income was approximately $2.5 million, achieving a turnaround from a net loss of $1.0 million in same period of 2025.
• The Company acquired Yinlian Culture and its VIE Maltose Culture in May 2026. Through this acquisition, the Company has further expanded into the AI music business, combining music content creation and distribution with AI capabilities to build an advanced AI music ecosystem.

Operational and Financial Highlights for the Three Months Ended June 30, 2026

• Revenue was approximately $4.8 million, compared to $0.04 million for the three months ended June 30, 2025.
• Gross profit was approximately $3.9 million, compared to $1,063 for the three months ended June 30, 2025.
• Net income was approximately $2.1 million, turning around the net loss of $0.6 million for the three months ended June 30, 2025.

Rafael Li, Chief Executive Officer and President of FiEE, commented, “We delivered strong profitability in the first half of 2026, a remarkable turnaround from last year’s net loss. Our multi-line service lineup and acquisition integration drove notable gross margin expansion, validating our strategic transformation roadmap. We’re also proud to have expanded into AI music and home entertainment, our two key growth engines going forward, after completing the first-stage closing of our Yinlian Culture acquisition in the first half of 2026.”

Mr. Li further mentioned, “Backed by our music patent portfolio and operations team, we expect to accelerate AI music commercialization to capture streaming revenue and creator royalties. Our home entertainment system, launched in June 2026, is expected to deliver steady revenue contributions through year-end. We remain committed to optimizing our service mix, investing in client development and technical innovation, and building long-term stockholder value.”

Financial Results for the Six Months Ended June 30, 2026

Revenue was approximately $6.9 million, compared to $0.05 million in the same period of 2025.

Gross profit was approximately $5.4 million, compared to $438 in the same period of 2025.

Gross margin was 77.3%, compared to 1.0% in the same period of 2025.

Operating expenses were approximately $2.3 million, representing an increase of 127.8% from $1.0 million in the same period of 2025.

• Selling and marketing expenses were approximately $0.3 million, as compared to $0.02 million in the same period of 2025, which was primarily due to the Company’s business transformation and stock-based compensation expenses in connection with equity awards granted in May 2026 under our 2025 Equity Incentive Plan. The expense incurred in the first half of 2026 primarily reflected costs related to the expansion of our four core business lines– SaaS – MCN digital services, software services, digital authentication services, and other services – as well as corporate branding initiatives.
• General and administrative expenses were approximately $1.9 million, compared to $0.9 million in the same period of 2025. The increase was primarily attributable to certain non-recurring professional service fees incurred during the six months ended June 30, 2026, including legal and advisory fees related to strategic initiatives and stock-based compensation expenses in connection with equity awards granted in May 2026 under our 2025 Equity Incentive Plan.
• Research and development expenses were approximately $80 thousand, as compared to $50 thousand in the first half of 2025. The increase primarily reflects ongoing enhancements and optimizations to our system during the six months ended June 30, 2026.

Operating income was approximately $3.1 million, marking a complete turnaround from a loss of $1.0 million recorded in the first half of 2025.

Net income was approximately $2.5 million, a turnaround from the $1.0 million loss recorded in the first half of 2025.

Diluted earnings per common share was $0.17, as compared to a loss of $0.20 in the first half of 2025.

About FiEE, Inc.

FiEE, Inc. (NASDAQ:FIEE), formerly Minim, Inc., was founded in 1977. The Company has a historical track record of delivering comprehensive WiFi/Software as a Service platform in the market. After years of development, FiEE made the strategic decision to transition to a Software First Model in 2024 to expand its technology portfolio and revenue streams. In 2025, FiEE rebranded itself as a technology company leveraging its expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint.

FiEE’s services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SaaS Solutions, and Professional To-C and To-B Services & Support. Notably, FiEE has introduced its innovative Software as a Service solutions, which integrates its AI and data analytics capabilities into content creation and brand management. This initiative has led to the nurturing of a robust pool of KOLs on major social media platforms worldwide, assisting them in developing, managing, and optimizing their digital presence across global platforms. FiEE’s services include customized graphics and posts, short videos, and editorial calendars tailored to align with brand objectives.

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral, or otherwise made, represent the Company’s expectation or belief concerning future events. Without limiting the foregoing, the words “believes,” “expects,” “may,” “might,” “will,” “should,” “seeks,” “intends,” “plans,” “strives,” “goal,” “estimates,” “forecasts,” “projects” or “anticipates” or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to (i) the future financial position and results of operations of the Company, (ii) our ability to successfully implement our strategic business transformation, (iii) our commitment to investing in R&D and our ability to execute on our AI music and home entertainment initiatives, including our expectations regarding streaming revenue, creator royalties, and contributions from our home entertainment system, (iv) our long-term growth objectives and opportunities, (v) our commitment to investing in R&D to expand our service offerings, enhance customer experience, and deliver greater brand value across the digital content landscape, (vi) our plans to drive growth through innovation, build bridges between influencers, content creators, and global markets, and foster impactful partnerships to extend our reach across the digital landscape, and (vii) our plans to further accelerate business growth and create value for our stockholders.

By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See “Risk Factors” and “Special Note Regarding Forward-Looking Statements” included in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the Company’s most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q, or other subsequent filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

For investor and media inquiries, please contact:
Email: fiee@dlkadvisory.com