Key Points
- Ondo’s value surged almost 10% today, reaching $1.10. This boosts its weekly gains to over 21%, according to CoinGecko’s tracked data.
- The total locked value within Ondo Finance has seen substantial growth, tripling to $1.57 billion since the beginning of the year.
- Insights suggest that BlackRock’s initiative to introduce ETFs on blockchain networks is lending significant credibility to Ondo’s efforts in the realm of tokenized assets and real-world asset integration.
The Ondo Finance token, which supports a decentralized finance-oriented asset management and technology company, is experiencing upward momentum this week. This coincides with an overall positive trend in the cryptocurrency market and recent developments concerning BlackRock, a leading global asset manager.
While the broader cryptocurrency market is showing optimism due to expectations of a potential interest rate adjustment by the Federal Reserve, the token’s increase is also occurring alongside BlackRock’s reported intentions to launch exchange-traded funds on public blockchain infrastructures, as detailed in a
Bloomberg article
published on Wednesday.
According to
CoinGecko
data, Ondo’s value has climbed approximately 10% today to reach $1.10, following weekly gains exceeding 21%.
This positive movement follows the previous week’s introduction of
tokenized versions
of over 100 U.S.-listed stocks, ETFs, and other equities on
Ethereum
, facilitated through the DeFi protocol’s Global Markets platform.
Lai Yuen, an investment analyst at Fischer8 Capital, suggested to Decrypt that the price increase is likely attributed to heightened “excitement surrounding tokenized stocks.”
The Global Markets platform, supported by onboarded partners and advisors including WisdomTree, has seen a growth of $160 million in Total Value Locked (TVL) over the past nine days.
Yuen indicated that this “underscores the project’s strong early traction.”
Data from
DefiLlama
reveals that Ondo Finance’s total value locked has almost tripled since the beginning of 2025, increasing from $611 million to $1.57 billion.
Yuen maintains a positive long-term outlook, suggesting that even capturing 10% of the stock market would lead to “substantial fee generation for Ondo token holders.”
He added, “The project’s regulatory moat, bolstered by its advisory board, provides a durable long-term advantage that will be difficult for competitors to replicate.”
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.