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Will ONDO Finance Hit $2.5? ONDO Price Blasts 8% Amid Tokenized Stocks Launch
Yahoo Financeยท 2025-09-12 11:09
Group 1: Company Overview - Ondo Finance token price increased by 12% to $1.13 on September 12, 2025, driven by hype around tokenized U.S. stocks and ETFs [1] - The launch of Ondo's Global Markets platform on September 3, 2025, resulted in a total value locked (TVL) of over $160 million, with $30 million added in the last 24 hours [2] - Ondo is positioned as the leading platform for tokenized U.S. equities and ETFs, significantly outpacing competitors like xStocks on Solana, which has a TVL of $62 million [2] Group 2: Market Access and Features - Global Markets allows non-U.S. investors to access over 100 U.S. stocks and ETFs, including major companies like Apple and Nvidia, backed 1:1 by securities held by U.S.-registered broker-dealers [3] - The platform eliminates barriers such as high fees and geographic restrictions, enabling global investors to access U.S. financial markets through blockchain technology [3] Group 3: Strategic Partnerships and Ecosystem Expansion - Ondo's partnership with Ledger enhances trading and custody of tokenized assets within Ledger Live, improving user experience and security [4] - The company is expanding its ecosystem by acquiring firms like Oasis Pro and launching the Ondo Catalyst Fund in collaboration with Pantera Capital [4] Group 4: Future Growth Potential - Ondo plans integrations with BNB Chain and Solana, expanding its reach across major ecosystems [5] - Speculation around future revenue-sharing mechanisms, such as buybacks or burns, positions Ondo as a potential cash-flow-generating asset, supporting a bullish long-term growth narrative [5] Group 5: Market Sentiment and Trading Activity - ONDO's recent price surge is supported by strong technical momentum and overall bullish sentiment in the crypto market, with trading volume reaching $500 million in the last 24 hours [6] - The token has broken out of a descending bullish pattern, supported by increased trading volume and new strong features [7]