ONDO Jumps 49% After SEC Backs Tokenized Equities Framework

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• ONDO rallies after news of the SEC allowing the trading of tokenized assets on decentralized crypto platforms.

• Ondo controls nearly 70% of tokenized equities and has seen tokenized assets grow to $3.5 billion.

Ondo Finance has been viewed as the biggest winner of the SEC’s latest move toward tokenized stock trading. According to reports, the U.S. SEC is set to greenlight tokenized stocks on decentralized crypto platforms. Ondo is by far the largest RWA tokenization platform and is seen as the de facto platform to dominate in this new era. The SEC is expected to release the framework for the crypto versions of stock as soon as this week.

The SEC is not acting alone. The Depository Trust & Clearing Corporation, or DTCC, recently announced plans to deliver the first working version of tokenized real-world assets in July this year, as ETHNews reported.

Wall Street has also embraced tokenization, with companies such as BlackRock, JP Morgan, and UBS partnering with public blockchains such as Ethereum, Stellar, and XRP Ledger to expedite their expansion. One clear example of the union came earlier this month when Ripple, Mastercard, J.P. Morgan, and Ondo Finance completed the first 24/7 tokenized treasury settlement.

In the past, BlackRock’s CEO has called for the SEC to allow for the tokenization of everything. Its latest action suggests that it is backed and influenced by Wall Street.

ONDO Rallies 49%

Ondo Global Markets now holds more than 70% market share in tokenized equities with over 260 live assets. Additionally, the tokenized equities platform has processed more than $18 billion in cumulative trading volume. It has also adopted a multi-chain strategy, with an expansion into Solana, Hyperliquid, Ethereum, BNB Chain, and more. In recent months, it has expanded with institution-grade adoption after partnering with Mastercard, BlackRock, and Fidelity.

Ondo has a clear track record that proves it is set to dominate tokenized stocks, which are already trading on its platform. In a recent interview, an Ondo Finance executive predicted that the platform could see over $5 billion tokenized by the end of the year. He stated:

“I wouldn’t be surprised if we surpassed $5 billion by year-end. We have a lot of interest, and we’re building up quite a pipeline.”

If the SEC goes ahead with its plans, it would be safe to assume that $5 billion is a fairly conservative estimate. The global equity market cap stands at over $150 trillion, with the U.S taking up nearly half of it. If Ondo captures just a percentage of this, it would mean hundreds of billions flowing into the platform.

Following reports of the SEC’s plans, the ONDO price has skyrocketed, reaching $0.38 after a 13% rally in the last 24 hours. It also means the coin extends its monthly gains to 49%. Despite an impressive run, the coin remains far below its all-time high of $2.14 reached in 2024. However, the SEC’s greenlight of stock tokenization could be the catalyst to take the coin back to its ATH.