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Ondo Finance Brings Wall Street to Blockchain — ONDO Price Soars
ONDO surged nearly 9% in the past 24 hours, reaching $1.09, and is up over 17% in the last week. The spike comes on the heels of a major product launch by Ondo Finance, which introduced tokenized U.S. equities on the Ethereum blockchain.
Over 100 U.S. Stocks and ETFs Now Tokenized
Last week, Ondo launched tokenized versions of more than 100 U.S.-listed stocks, ETFs, and other securities, available exclusively to non-U.S. investors via the Ondo Global Markets platform. These assets are backed by real-world securities, giving investors blockchain access to traditional financial instruments.
According to Lai Yuen, investment analyst at Fisher8 Capital, “the protocol’s price hike is likely driven by excitement around the tokenized stocks,” noting that $160 million in total value locked (TVL) was added in just nine days. As of September 11, on-chain data showed $1.56 billion in TVL, while the ONDO market cap hovered around $3.5 billion.
A Regulated Approach to Tokenization
Yuen emphasized that Ondo’s regulatory advantage and high-profile advisory board could give the protocol a long-term edge. “Even if Ondo captures just 10% of the stock market, token holders could see substantial returns,” he added.
Jamie Elkaleh, CMO at Bitget Wallet, praised the initiative:
“Ondo’s Global Markets succeeds where others failed. Its blend of regulatory clarity and blockchain access is game-changing.”
Ondo Plans Multichain Expansion
The firm plans to support over 1,000 U.S.-listed securities and expand beyond Ethereum to BNB Chain, Solana, and its own Ondo Chain. Backers include major crypto wallets like OKX, Trust Wallet, and Ledger.
Meanwhile, BlackRock’s entry into tokenized ETFs further validates the sector, signaling rising institutional interest.
