🌀 With the tokenization push in the United States, ONDO surges 68% this week

After months of sideways trading, as its core business expands, the native token of the real-world asset (RWA) tokenization platform Ondo Finance finally rebounds.
The trading price of ONDO is $0.45, up 29% in the past 24 hours, and approximately 68% over the week, according to CoinGecko data. The token's market cap has risen to $2.2 billion, with 24-hour trading volume jumping to $490 million, and the momentum accelerated overnight.
This rally began on May 4, when the Depository Trust & Clearing Corporation (DTCC) announced its tokenization service timetable and listed Ondo Finance as one of over 50 companies in its industry working group.
The group includes BlackRock, Goldman Sachs, JPMorgan, Franklin Templeton, Morgan Stanley, NYSE Group, and Citadel Securities, as well as some crypto-native companies like Circle, Fireblocks, and Robinhood.
"We believe tokenization will significantly change how markets operate, bringing new liquidity, transparency, and efficiency for investors," said Frank La Salla, President and CEO of DTCC.
For a project whose business rapidly expanded while its token price largely stagnated, the selection of the working group has brought institutional credibility. According to DefiLlama, Ondo's total value locked (TVL) doubled in January to over $2 billion, currently at $3.68 billion, making it the largest tokenized RWA platform.
Two days later, Ondo, JPMorgan's Kinexys, Mastercard, and Ripple announced they completed the first near real-time cross-border, cross-bank redemption of a tokenized U.S. Treasury bond fund.
In this pilot, Ripple redeemed part of its Ondo short-term U.S. government bond holdings (OUSG) on the XRP Ledger, which has been live since June 2025. Mastercard's multi-token network routed fiat settlement instructions to Kinexys, which deducted from Ondo's blockchain deposit account and transferred USD to Ripple's bank account in Singapore.