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ONDO price surges as DTCC-backed tokenized stocks fuel bullish momentum

CoinJournal

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  • Ondo Finance (ONDO) jumps nearly 16% as trading volume approaches $290 million.
  • DTCC-backed tokenised stocks strengthen institutional adoption.
  • Bulls eye $0.50 if ONDO reclaims the 200-day EMA.

ONDO token extended its rally on Wednesday after a series of institutional developments strengthened confidence in the real-world asset (RWA) sector.

The token climbed nearly 16% over the past 24 hours to around $0.3737, reaching the upper end of its daily trading range of $0.321 and $0.376.

The price surge comes as Ondo Finance unveiled a new tokenised stock offering backed by infrastructure tied to the US Depository Trust Company (DTC).

The rally has also been accompanied by a sharp increase in trading activity.

ONDO recorded approximately $289.6 million in 24-hour trading volume, reflecting stronger market participation as investors responded to the latest developments.

DTCC-backed tokenised stocks mark a major milestone

The biggest catalyst behind ONDO’s recent gains is Ondo Finance’s launch of tokenised stocks backed by DTC Tokenised Entitlements, introducing a model that connects blockchain-based assets with the infrastructure used by traditional US capital markets.

Unlike many existing tokenized equity products, these digital assets are designed to maintain the same CUSIP numbers and ticker symbols as their underlying securities.

This approach is intended to improve compatibility with existing financial market systems rather than creating a separate blockchain-only ecosystem.

The announcement also highlighted Ondo Finance’s participation in a broader tokenisation initiative involving major financial institutions and market infrastructure providers.

Companies including BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange (NYSE) are participating in efforts surrounding tokenised financial assets, underlining growing institutional interest in blockchain-based securities.

As the DTCC’s tokenization infrastructure expands, Ondo Finance plans to distribute tokenized stocks across exchanges, wallets, and decentralized finance applications, widening access to on-chain financial products.

Rising institutional interest supports ONDO’s momentum

The tokenised stock announcement builds on Ondo Finance’s growing presence in the real-world asset market.

The protocol has already established itself as one of the leading platforms for tokenised US Treasury products, and investors are increasingly watching its expansion into tokenised equities.

The broader RWA sector has continued to attract institutional capital as firms explore blockchain technology to improve settlement efficiency and expand access to financial products.

Another factor supporting attention around the ecosystem is the discussion surrounding a proposed 10% ONDO token burn, although no final decision has been made.

The proposal has become one of several developments investors are monitoring alongside continued institutional adoption.

The ecosystem has also benefited from demand for tokenized Treasury products that offer yields of around 5.2% APY, reinforcing interest in blockchain-based financial instruments backed by traditional assets.

The technical picture improves after the breakout

Beyond the fundamental developments, ONDO’s technical structure has strengthened.

The token is now trading close to the top of its recent weekly range of $0.305 to $0.376, while the latest rally pushed the price back above the widely watched 100-day Exponential Moving Average (EMA) though it still remains below the 200-day EMA.

ONDO price chart

Reclaiming the 200-day EMA would confirm the bullish trend after the prolonged decline.

However, the price surge has been supported by higher trading volume, suggesting that buying activity has accompanied the breakout rather than a low-liquidity price spike.

Eyes are now on the $0.50 level as the next significant resistance area.

A sustained move toward that level would require ONDO to maintain its recent momentum after recording gains of 15.9% over the past seven days and 11.8% during the last two weeks.

The post ONDO price surges as DTCC-backed tokenized stocks fuel bullish momentum appeared first on CoinJournal.


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