- ONDO price surges over 3% in the last 24 hours.
- Ondo finance launched a tokenization platform to bring US stocks, bonds, and ETFs on chain.
Ondo Finance is making waves in the crypto industry with its new tokenization launch on the platform. Amidst the gradually recovering market, its token has been witnessing a considerable price surge since the announcement. With resistance breakout hype around Ether and Bitcoin’s struggle to reclaim $100,000, the crypto market is just hanging in there with no notable price hikes.
The ONDO token price started witnessing a surge yesterday. It is trading at $1.40 with around 4% price rise in the last 24 hours. After the project announced its tokenization platform launch, its token price surged by more than 6% yesterday. Its 24-hour high is $1.465, while its 24-hour low is $1.2932. The token has been going on a downward price movement since Jan 2025.
Ondo Finance Launched Tokenization Platform
Ondo Finance announced the launch of a tokenization platform to bring US securities such as stocks, bonds, and ETFs onto blockchain. This will open the doors to a flood of opportunities for thousands of securities listed on reputed platforms such as Nasdaq, NYSE, etc.
The announcement further says,
“What stablecoins did for dollars, Ondo Global Markets will do for securities. By leveraging blockchain technology, we can bring institutional-grade financial markets onchain, making them more accessible, transparent, and efficient.”
Furthermore, the tokens issued on the OGM platform will be backed at 1:1 ratio with their underlying assets. These assets can be public stocks, stablecoins, or others. In addition, the tokenization platform also provides a new distribution channel to connect asset managers with a global pool of investors.
This tokenization platform launch announcement brought a renewed investment interest in this token across the crypto community. Thus, the ONDO token price is witnessing an upward movement after breaking its month-long downtrend.
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