After several months of sideways trading, the native token of Ondo Finance, a platform focused on real-world asset (RWA) tokenization, is finally experiencing significant growth.
$ONDO is currently priced at $0.45, reflecting a remarkable increase of 29% in just the past 24 hours and approximately 68% over the week, as reported by CoinGecko. The market capitalization for this token has surged to $2.2 billion, with trading volume reaching $490 million within a single day as momentum built overnight.
The surge began on May 4 when the Depository Trust & Clearing Corporation (DTCC) announced timelines for its upcoming tokenization service and included Ondo Finance among over 50 firms participating in its industry working group.
This influential group features major players such as BlackRock, Goldman Sachs, JPMorgan Chase & Co., Franklin Templeton Investments, Morgan Stanley, NYSE Group and Citadel Securities alongside crypto-focused companies like Circle and Robinhood.
“We believe that tokenization will fundamentally transform market operations by introducing enhanced liquidity, transparency and efficiency for investors,” stated Frank La Salla, President and CEO of DTCC.
The DTCC plans to initiate production trades in July 2026 with a commercial launch slated for October that same year. Initially targeting Russell 1000 constituents along with ETFs tracking key indices and U.S. Treasury securities—assets where Ondo is already active—the service aims to set new standards in financial transactions.
For a project whose business has expanded rapidly while its token price remained relatively stable until now; being selected for this working group adds substantial institutional credibility. As reported by DefiLlama, Ondo’s total value locked (TVL) doubled past $2 billion earlier this year and currently stands at an impressive $3.68 billion—making it the largest platform dedicated to RWA tokenization.
A couple of days later saw another milestone when Ondo collaborated with Kinexys from J.P. Morgan Chase & Co., Mastercard and Ripple to successfully execute the first near-real-time cross-border redemption involving a tokenized U.S Treasury fund across multiple banks.
This pilot program allowed Ripple to redeem part of its holdings in Ondo Short-Term U.S Government Treasuries (OUSG), which have been operational since June 2025 on the XRP Ledger network. The fiat settlement instruction was processed through Mastercard’s Multi-Token Network via Kinexys; they debited funds from Ondo’s blockchain deposit account before transferring USD directly into Ripple’s bank account located in Singapore—all accomplished within five seconds outside traditional banking hours!
“This achievement marks an unprecedented moment where tokenized U.S Treasuries settled across borders swiftly without adhering strictly to conventional banking schedules,” remarked Ian De Bode who serves as President at Ondo Finance.”
Over the last year alone,Ondo has diversified beyond just treasury offerings; their platform known as “Ondo Global Markets,” launched on Ethereum back September last year before expanding onto BNB Chain,Solana,and Hyperliquid through Felix integrations..
The issuance volume surrounding Tokenized US Treasuries surpassed$10 Billion back February but now sits around$15 Billion according RWAxyz data—with notable contributions coming from both BlackRock’s BUIDL initiative alongside Circle’s USYC offering making them some leading issuers within space!
This article was crafted utilizing AI workflows but remains thoroughly curated , edited ,and fact-checked by human editors ensuring accuracy throughout our reporting process .
FAQ
- What is ONDO?
- $ONDO is the native cryptocurrency associated with Ontdo Finance—a platform specializing in real-world asset (RWA)tokenization .
- Why did ONDO’s price increase recently?
- The recent surge can be attributed largely due announcement made by DTCC regarding timelines related their own upcoming services along inclusion into industry working groups comprising many established financial institutions .
- What are Tokenized US Treasuries?
- This refers specifically towards digital representations held securely via blockchain technology which allows easier access liquidity compared traditional methods used today .
- How does one buy or trade ONDO?
- Interested individuals may purchase/trade tokens through various cryptocurrency exchanges listing these assets ; ensure proper research conducted prior engaging any transactions !
- What makes Ontdo unique compared other platforms ?
- Their focus lies heavily upon bridging gap between traditional finance realms utilizing innovative solutions while maintaining regulatory compliance throughout processes involved therein !