TLDR
- ONDO price jumped 6% to $0.96 following Ondo Global Markets platform launch
- Platform offers 100+ tokenized US stocks and ETFs to non-US investors on Ethereum
- Service includes major stocks like Apple and Nvidia with 24/5 trading access
- Company plans expansion to 1,000+ assets by end of 2025 across multiple blockchains
- Token remains 54% below $2 all-time high despite 60% year-to-date gains
Ondo Finance saw its native token ONDO climb over 6% after launching its tokenized equity platform. The token reached $0.96, approaching the $1 level after starting the week at $0.86.
The company introduced Ondo Global Markets on Wednesday. This platform allows non-US investors to trade tokenized versions of US stocks and ETFs on the Ethereum blockchain.
Over 100 assets are now available through the platform. These include popular stocks like Apple and Nvidia, plus the QQQ ETF and other major securities.
The tokenized stocks are backed by real securities held at US-registered broker-dealers. Investors can mint and redeem shares continuously during trading days.
Platform Features and Access
The service targets investors in Asia-Pacific, Europe, Africa, and Latin America. US users cannot access the platform due to regulatory restrictions.
Traders get 24/5 access to these tokenized assets. The tokens work with traditional exchange liquidity to provide continuous trading opportunities.
The tokens can move between different wallets, exchanges, and DeFi protocols. This gives users flexibility in managing their investments across the blockchain ecosystem.
Each token provides the same economic exposure as the underlying stock. Investors receive benefits from price changes, dividends, and corporate actions.
Expansion and Competition
Ondo Finance plans major expansion by the end of 2025. The company aims to offer over 1,000 tokenized assets through the platform.
The service will expand to Solana and BNB Chain networks. LayerZero technology will enable cross-chain compatibility between different blockchains.
Multiple crypto platforms now offer tokenized stock trading. Robinhood, Gemini, Kraken, and other exchanges have launched similar services recently.
Coinbase and eToro have also announced plans for tokenized equity offerings. This shows growing demand for blockchain-based access to traditional markets.
Ondo Finance has partnerships with major infrastructure providers. BitGo, Ledger, Chainlink, and various crypto wallets support the platform.
ONDO Price Prediction
ONDO currently trades at $0.96 and shows strength across multiple timeframes. The token has gained 60% year-to-date despite recent market volatility.
The token remains well below its $2 all-time high, sitting 54% below that peak level. The platform launch could drive further price appreciation if adoption grows.
ONDO benefits from being one of the few tokens posting gains during recent market weakness. The successful platform launch positions the token for potential continued growth as more assets get added and new blockchains integrate the service.
