Ondo Finance: ‘2025 Will Be the Year of Tokenized Stocks’
ONDO, the token of Ondo Finance, experienced a 1.5% increase in the last 24 hours, reaching $0.7671. This upward trend follows a week of gains and positions ONDO near recent highs, according to CoinDesk Research’s technical analysis. This price movement coincides with the recent announcement of the Global Markets Alliance, a significant industry collaboration spearheaded by Ondo Finance.
Announced on June 17th, the alliance comprises key players in the crypto ecosystem, including the Solana Foundation, BitGo, Fireblocks, Jupiter, 1inch, Trust Wallet, Bitget Wallet, Rainbow Wallet, and Alpaca. Their collective goal is to enhance interoperability, bolster investor protections, and expand access to tokenized real-world assets. This collaboration is crucial for Ondo’s upcoming launch of Ondo Global Markets, a platform designed to offer tokenized exposure to U.S. publicly traded securities (stocks, ETFs, and mutual funds) to international users.
The alliance members contribute diverse expertise. Wallet providers like Trust Wallet and Rainbow Wallet are integrating Ondo’s tokenized asset standards. Exchanges such as Jupiter and aggregators like 1inch will facilitate programmatic access to these assets. Custodial infrastructure is provided by BitGo and Fireblocks, while Alpaca handles brokerage and regulatory compliance specifically for tokenized securities. Their collaborative efforts aim to standardize technical and compliance aspects of tokenized securities, improving cross-platform accessibility and liquidity, and supporting use cases such as self-custody and on-chain trading.
While the alliance hasn’t specified a timeline, the initiative signifies a long-term shift towards integrating traditional financial products into blockchain systems. Ondo Finance expressed confidence in a June 28th X post, predicting that “2025 will be the year of tokenized stocks,” suggesting an acceleration in the adoption of these instruments.
Technical analysis from June 28th to 29th reveals strong support at $0.755, with key resistance at $0.765 successfully broken. While a slight price dip occurred on June 29th, the final candlestick suggests potential price reversal. This, coupled with the Global Markets Alliance’s initiative, positions ONDO for potential further growth.
