Gate launches the Ondo tokenization stock market, ushering in a new era of on-chain US stock trading.

The global encryption exchange Gate launched the Ondo zone in September 2025, introducing tokenized stocks and ETFs from well-known companies such as Apple (AAPLON), Tesla (TSLAON), and Microsoft (MSFTON) as the first batch. This move not only enriches the product matrix of the exchange but also allows investors to trade these TradFi assets directly through USDT without the need for cross-border account opening.

01 RWA Track Explodes, Ondo Becomes Core Infrastructure

The Real World Asset (RWA) tokenization sector is currently experiencing rapid development. As of September 22, 2025, the total locked value (TVL) of the RWA sector has surpassed $15.73 billion, setting a new historical record.

In this sector, Ondo Finance ranks third with a TVL of $1.659 billion, only behind BlackRock's BUIDL ($2.557 billion) and Ethena's USDtb ($1.814 billion). As one of the largest RWA platforms globally, Ondo has successfully obtained three major compliance licenses in the United States, providing a solid compliance foundation for its tokenization securities business.

02 Gate Ondo Zone: Innovative Features and Advantages

Gate's Ondo zone, in collaboration with Ondo Global Markets, has created a tokenized traditional asset market that supports 24/7 trading. This platform offers several features that disrupt traditional investing:

• Fragmented trading: Investors can purchase a portion of high-priced stocks or ETFs, lowering the investment threshold.
• Dividend reinvestment: The Token not only tracks stock prices but also includes dividend reinvestment, ensuring users enjoy full economic exposure.
• On-chain free transfer: Asset-supported 24/7 on-chain transfers, higher liquidity, and can circulate across different platforms.
• Compliance and Transparency: All tokens are fully backed by underlying securities held by custodial brokers, ensuring the security of the assets.

03 ONDO Token Recent Price Trend Analysis

Despite the strong fundamentals of the RWA sector, the price of the ONDO Token has seen short-term fluctuations recently. On September 22, the ONDO price fell below the 1 USD mark, currently reported at 0.99 USD, with a 24-hour decline of 2.94%.

The recent decline is mainly due to overall market volatility and profit-taking pressure. However, from a technical analysis perspective, the RSI indicator of ONDO is still in the neutral zone at 56.92, indicating that its momentum has not completely weakened.

Key support levels are around 0.86 USD and 0.84 USD, while recent resistance is at 1.14 USD (its 52-week high). Trading volume remains active, with the ONDO/USDT trading pair on the Binance spot market reaching 32.9 million USD, indicating sustained interest in the market.

04 Tokenization of US Stocks: The Wave Disrupting Traditional Brokerages

The collaboration between Gate and Ondo is a microcosm of the rise of the new species of “crypto broker.” Currently, over 30 crypto exchanges in the market have started offering “tokenized U.S. stocks” trading services, including several large platforms with over ten million users.

This stands in stark contrast to traditional internet brokerage firms (such as Robinhood and Futu). The core advantage of crypto brokers lies in the absence of KYC (Know Your Customer), allowing users to trade US stocks without providing any identification, which significantly lowers the barrier for global users to participate in the US stock market.

05 Future Outlook: The Long-term Impact 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 leading U.S. stocks to more international markets and fund products, and is committed to integrating 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, involving the tokenization of $1.5 billion in innovative drug pipeline assets, also indicates that the application of RWA is penetrating into broader traditional fields such as biomedicine.

Future Outlook

The trading volume of tokenized stocks continues to grow on mainstream platforms, for example, xStocks has reached a total trading volume of 3.782 billion USD after three months of formal operation. This growth trend indicates that the market demand for seamless and efficient global asset trading is being rapidly activated.

The era of traditional financial assets on the blockchain has arrived, breaking down barriers of geography, time, and capital, reshaping the future landscape of global investment.