Traditional Finance trading is booming, with RWA sector leader ONDO rising over 80% in the past month, breaking through $0.46.

This is not just a price movement but a signal: tokenization is shifting from a concept to a fundamental restructuring of Wall Street financial pipelines.
ONDO's rise has real support: Data from DefiLlama shows its tokenized asset DEX trading volume reached $74.73 million in 6 days, a April high, approaching the March peak.
This is not meme-style hype but a microcosm of institutional funds deploying real assets through on-chain channels.
The narrative logic behind it has changed.
In the past, RWA was about "bringing real assets on-chain"; now, Wall Street giants like DTCC, Ondo being included in working groups, and BlackRock increasing tokenized money funds— the "pipeline setup rights" are shifting from native crypto teams to traditional financial infrastructure.
Tokenization is no longer a replacement but an improvement.
But risks cannot be ignored: currently, RWA trading volume remains highly concentrated in a few targets, and most tokenized assets are essentially "packaged" rather than native on-chain assets.
77.6% of the tokenized market is shadowed by centralized custody, and true decentralized liquidity has not arrived.
ONDO's surge is more like an "engineering premium" during the pipeline setup process on Wall Street, not the endgame.
Investors need to distinguish: which projects are building pipelines, and which are just applying a layer of tokenization paint.
$ondo #dex #dtcc