ONDO Price Rises as Ondo Finance Launches Tokenized Stocks
ONDO Price Climbs After Tokenized Stock Launch
The price of ONDO has increased by 2.45% today, reaching $0.9716. This rise accompanies a 3.14% weekly gain. The positive movement follows Ondo Finance's official launch of its Global Markets platform, designed to introduce tokenized equities to the Ethereum blockchain.
Global Markets Platform Boosts ONDO Confidence
According to TradingView data, ONDO is trading above $0.97, with $0.98 serving as a short-term resistance level. Continued demand could sustain the token's recovery and attract further investment.
This price action builds on ONDO’s 56.71% year-over-year increase. While the token is down 27.61% year-to-date, it remains over 223% above its all-time low. A similar price surge occurred following 21Shares' filing for an Ondo ETF.
The launch of Ondo Global Markets has coincided with renewed confidence in the ONDO token. The platform provides tokenized versions of U.S. stocks and ETFs to non-U.S. investors. Currently, over 100 securities are available, with plans to expand to 1,000 by year-end, contingent on jurisdictional regulations.
Ondo Global Markets employs a fully backed model, where the actual underlying asset—held by a registered U.S. broker-dealer and custodian—collateralizes each tokenized stock. This ensures that minted, redeemed, and transferred tokens reflect the real-time value of the underlying asset. This development builds upon Ondo Finance’s acquisition of Oasis Pro to enhance regulated tokenized securities infrastructure.
Investors benefit from continuous transferability and redemption capabilities, even outside U.S. market hours. Liquidity is directly linked to traditional exchanges, minimizing slippage and maintaining a close relationship between tokenized shares and underlying prices, addressing distortions seen in other tokenized equity products.
DeFi Integration for Tokenized Assets
ONDO tokenized assets can be integrated into DeFi protocols, offering holders the ability to stake, borrow, or lend these assets—options not typically available with traditional brokerage shares.
Additional security measures include daily third-party reserve verification, bankruptcy-remote protections, and oversight by independent security agents, providing institutional-grade protection and priority rights to token holders over the underlying assets.
This launch arrives following the signing of the GENIUS Act in the United States. Ondo envisions its platform as a foundation for "Wall Street 2.0," where tokenization enhances traditional finance without replacing its established frameworks.
The recent ONDO price surge underscores the impact of product innovation on token momentum. Ondo Finance's Global Markets launch demonstrates blockchain's potential beyond stablecoins, extending its reach to mainstream securities.