In September 2025, the global cryptocurrency trading platform Gate officially launched the Ondo zone, introducing tokenized stocks and ETFs from well-known companies such as Apple (AAPLON), Tesla (TSLAON), and Microsoft (MSFTON) in its first batch. This move means that investors can trade traditional financial assets directly with USDT without the need for cross-border account opening, marking a key turning point in the transition of Real World Asset (RWA) from concept exploration to large-scale application.
At the same time, the total locked value (TVL) in the RWA track reached a historical high, while Ondo Finance ranked third in this track with a TVL of $1.659 billion, only behind BlackRock’s BUIDL and Ethena’s USDtb.
01 RWA explosive growth in the track
The real-world asset tokenization market is undergoing a silent revolution. As of September 22, 2025, the total locked value in the RWA sector has surpassed a historic high of $15.73 billion. This data reflects the strong confidence of institutional capital in the ability of blockchain to bridge traditional finance.
According to statistics from the industry data platform RWA.XYZ, the global on-chain RWA asset scale has reached 29.52 billion USD, with holder accounts exceeding 310,000. Wall Street giants like BlackRock are entering the market with trillions of capital, pushing RWA from a fringe experiment to the mainstream track.
On September 25, Securitize announced that it has selected Ripple USD (RLUSD) as the redemption channel for the BlackRock BUIDL Fund, further confirming the trend of accelerated integration between RWA and traditional finance. The BUIDL and VanEck’s VBILL funds have total managed assets of $2.1 billion, and their participation brings more institutional-level liquidity to the RWA space.
02 Ondo Tokenization of Stock Market’s Innovative Advantages
Gate’s Ondo zone, in collaboration with Ondo Global Markets, has created a support for 24⁄7Tokenization of traditional asset markets in trading. This platform offers several features that disrupt traditional investing:
- Fragmented trading: Investors can purchase a portion of high-priced stocks or ETFs, significantly lowering the investment threshold.
- Dividend Reinvestment: The token not only tracks stock prices but also encompasses dividend reinvestment, ensuring that users enjoy full economic exposure.
- On-chain free transfers: Asset support24⁄7On-chain transfers have higher liquidity and can circulate across different platforms.
- Compliance and Transparency: All tokens are fully backed by underlying securities held by a custodial broker, ensuring asset security.
Currently, more than 30 cryptocurrency trading platforms have begun to offer "tokenized stock" trading services. This stands in stark contrast to traditional internet brokers, where the core advantage of crypto brokers lies in the absence of KYC, allowing users to trade stocks without providing any identification, significantly lowering the barrier for global users to participate in the stock market.
03 ONDO Token price trend analysis
Despite the strong fundamentals of the RWA sector, the price of the ONDO Token has experienced short-term fluctuations recently. On September 12, the price of ONDO briefly broke through the $1.1 mark, reaching a recent high of $1.135.
As of September 26, the price of ONDO has significantly dropped to $0.885, down 18% over the past 7 days. This decline is mainly due to overall market volatility and profit-taking pressure.
From a technical analysis perspective, the RSI indicator for ONDO was 43.45 on September 24, indicating a neutral area but showing a downward trend. The bearish MACD histogram has turned negative, suggesting that bearish momentum is forming.
The key support levels are around $0.86 and $0.84, while recent resistance is at $1.14 (its 52-week high). Trading volume remains active, with the ONDO/USDT trading pair on the Gate spot market reaching tens of millions of dollars, indicating ongoing market interest.
Analysts pointed out that ONDO has formed a bullish volatility contraction pattern (VCP). If it breaks through the resistance at $1.13, the target may be in the range of $1.37 to $1.91.
04 Regulatory Dynamics and Asian Competitive Landscape
On September 23, the latest news shows that the China Securities Regulatory Commission has recommended some local brokers to suspend RWA tokenization business, reflecting the regulatory body’s concern about the development of offshore digital assets. This regulatory guidance aims to strengthen risk management for new businesses and ensure that companies have solid and legitimate business support.
At the same time, Asian financial centers are accelerating their layout in the RWA track. In September 2025, Hong Kong and Singapore will launch a new round of RWA tokenization measures in almost the same week.
The Hong Kong Monetary Authority announced the third batch of the Ensemble sandbox expansion to three major asset classes: bonds, carbon credits, and private equity funds. Meanwhile, the Monetary Authority of Singapore (MAS) officially allowed REITs to be traded directly on-chain and opened up for retail subscriptions. The synchronized "accelerating" of the two major Asian financial centers aims directly at creating an Asia-Pacific "RWA Wall Street."
On a technical level, the Layer2 chain Jovay launched by Ant Group supports 100,000 TPS transactions, making "millisecond-level trusted transactions" a reality. The Chainlink DECO protocol combines zero-knowledge proof technology to verify the authenticity of off-chain assets while protecting privacy, achieving a 99.9% accuracy rate in identifying violations on the Hong Kong Monetary Authority’s "compliance chain" platform.
05 The Future of Tokenization in Finance
Ondo’s future layout goes beyond its current achievements. Its development plan includes multi-chain expansion to high-performance networks such as Solana and BNB Chain to further reduce transaction costs.
At the same time, Ondo plans to expand from stock leaders to more international markets and fund products, and is committed to connecting with DeFi protocols, wallets, and cross-chain bridges, allowing tokenized assets to circulate in more scenarios.
The strategic cooperation agreement signed recently between Huajian Medical and Chuangsheng Group regarding the tokenization of a $1.5 billion innovative drug pipeline asset also indicates that the application of RWA is penetrating into broader traditional fields such as biomedicine.
Tokenization of stock trading volume continues to grow on mainstream platforms, such as xStocks, which has reached a total trading volume of 3.782 billion dollars after three months of official operation. This growth trend indicates that the demand for seamless and efficient global asset trading is being rapidly activated.
Future Outlook
According to data from LSEG’s DMI platform and Nasdaq’s regulatory changes, the tokenization asset market is expected to exceed $30 trillion by 2030. With the participation of traditional financial giants such as BlackRock and Fidelity, along with innovations from crypto-native platforms like Gate, the RWA track is ushering in its historic moment.
The future of on-chain finance has arrived, quietly reshaping the landscape of global capital markets.
