Ondo Finance (ONDO) Jumps 20%, Rides Tokenization Boom
Ondo Finance (ONDO) surged 20% this week to around $1.10, driven by rising demand for real-world asset (RWA) tokenization. This pushed the platform’s total value locked (TVL) to new record highs.
A big part of this growth comes from Ondo Global Markets, a new platform that lets investors buy tokenized versions of over 100 major stocks and ETFs, including Tesla, Nvidia, and Google. The service has already attracted more than $160 million in assets within days.
By bringing Wall Street assets onto the blockchain, Ondo is positioning itself as a leader in the $26 billion RWA tokenization market, which analysts say could make investing more accessible to people outside the U.S.
TVL Hits $1.57 Billion
Beyond equities, Ondo’s ecosystem has grown rapidly. TVL jumped from $563 million earlier this year to over $1.57 billion today. Key products fueling this include:
- Ondo US Dollar Yield (USDY): Over $500 million in assets
- Ondo Short-Term U.S. Treasuries Fund (OUSG): $724 million locked
Ondo’s lending platform, Flux, also expanded fast — from just $4 million last November to $42 million now. Flux allows users to borrow stablecoins backed by tokenized U.S. Treasuries, creating new liquidity opportunities.
Ondo has even launched its own blockchain built for tokenization, strengthening its edge in a sector projected to reach trillions in value.
Price Outlook
Technically, ONDO has formed a bullish inverse head-and-shoulders pattern. It recently broke above $1.05 and is now testing resistance at $1.145. A breakout could open the way to $1.18–$1.26 in the short term.
Still, traders are cautious as the RSI shows overbought levels, raising the risk of profit-taking. Even so, with BlackRock signaling blockchain-based ETFs and expected Fed rate cuts, momentum may stay on ONDO’s side.
If this trend holds, Ondo Finance could strengthen its role as a DeFi leader and a key player in the fast-growing tokenized assets market.
