Track market-moving stories before they get noisy

Ondo Finance’s ONDO token has drawn renewed interest from the market following a breakout supported by rising adoption of real-world assets (RWA) and the introduction of tokenized stock collateral for perpetual trading. The new feature, allowing traders to use tokenized equities as collateral, has added momentum to ONDO’s price recovery as traders monitor whether the token can approach the $0.50 resistance zone.

Ondo Finance expands with tokenized collateralFounded as a decentralized platform for tokenizing financial assets, Ondo Finance develops products that bring traditional financial instruments onto the blockchain. The company’s latest integration enables traders to leverage tokenized stocks as collateral for perpetual contracts, which supporters say could boost accessibility and liquidity in Ondo’s growing RWA ecosystem.

Following the announcement, ONDO had already rallied above a bullish pennant formation, indicating that traders were anticipating further upside. Technical analysis showed ONDO trading above its 20-day Simple Moving Average, suggesting a positive short-term trend.

Market data indicated a price recovery to the $0.40 region with capitalization staying above $1.7 billion. Buyers defending this area set the stage for a possible attempt at breaking through the key $0.50 barrier.

ONDO’s rally strengthened after the launch of tokenized stock collateral for perpetual trading, adding new use cases to the RWA ecosystem and supporting the token’s attempt to reclaim higher resistance levels.

Mini dictionary: Real-world assets (RWA) are traditional assets such as bonds, stocks, or property, represented in digital form on blockchain networks to enable new forms of access and trading.

2026 ONDO price scenarios and technical targetsONDO’s outlook for 2026 depends on multiple factors, including broader RWA demand, Bitcoin’s market trend, and institutional adoption. Analysts point to several scenarios that could play out depending on support and resistance levels:

ScenarioPrice TargetConditionsBearish$0.28 – $0.32Breakout fails, weak crypto sentimentBase Case$0.45 – $0.55Steady RWA growth, gradual buyingBullish$0.70 – $1.00Strong institutional adoption, broader market rallyThe first major resistance zone is $0.45, followed by the psychological $0.50 level. Breaking above these points may indicate further upward potential, but analysts emphasize that technical strength alone will not be enough unless RWA adoption continues growing.

Returning to previous all-time highs would require a significant increase in demand and valuation, and progress will likely depend on how effectively Ondo Finance can drive institutional use of its products.

Whale activity and investor positioningIn addition to technical data, activity from large holders (“whales”) has increased following ONDO’s breakout, pointing to growing positions by long-term investors. Whale accumulation traditionally signals confidence in the project’s future growth prospects, especially when linked to infrastructure that bridges conventional finance and blockchain technology.

Unlike purely speculative assets, ONDO is backed by efforts to enable blockchain-based settlement and ownership of real-world financial assets. As financial institutions seek new blockchain solutions for securities, Ondo’s offerings have aligned with one of the sector’s fastest-growing trends.

Analysts still caution that accumulation trends alone do not guarantee price increases. Market corrections are possible if sentiment turns or traders sell near resistance zones.

Mini dictionary: Ondo Finance is a platform that turns real-world financial products like securities and bonds into blockchain-based assets to create new investment opportunities.

Outlook for the $1 targetA move toward $1 by 2026 remains an ambitious scenario, as ONDO’s market capitalization would need to rise sharply. Reaching that milestone would likely require growing adoption of Ondo’s tokenized finance products and broader participation from institutional investors, combined with favorable overall market conditions.

The $0.50 area is currently seen as the most realistic near-term milestone for ONDO, while the $1 target represents a longer-term, bullish case that assumes substantial growth in the RWA market.

Competition in tokenized assets is accelerating and regulatory risks remain factors for investors to watch. Price rallies triggered by new product launches can fade if adoption is slower than expected, making ongoing monitoring of support and resistance zones essential.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

New FINRA authorizations allow Ondo, via Oasis Pro Markets, to launch regulated markets and services for tokenized securities in the U.S. under SEC and FINRA oversight.

Ondo Finance today announced that its SEC-registered broker-dealer subsidiary Oasis Pro Markets has received U.S. regulatory authorization to offer compliant tokenized corporate equities and funds to U.S. financial institutions and hundreds of millions of American retail investors under SEC and FINRA oversight, via OTC retailing, underwritten primary offerings, private placements and other activities. The authorizations further enable Oasis Pro Markets to operate a compliant platform for U.S. issuers to conduct primary offerings of, and for U.S. institutional and retail investors to engage in secondary trading of, these tokenized securities.

Under this framework, Oasis Pro Markets can offer U.S. investors market access to NMS equities, fund interests such as ETFs, mutual funds, and index funds, and securities issued through IPOs and traded in secondary markets. Settlement for these assets can occur with fiat currencies or supported stablecoins, including directly between blockchain-based wallets.

These authorizations build upon Ondo’s acquisition of Oasis Pro, which owns an SEC-registered broker-dealer, an SEC-registered alternative trading system (ATS), and an SEC-registered transfer agent. Oasis Pro’s transfer agent, Oasis Pro TA, provides support for digital asset transfer agent services, such as onchain capitalization table management, shareholder rights, and cross-asset collateral mobility.

The approvals further allow Ondo’s Oasis Pro Markets to support omnibus account structures through integrations with existing broker-dealer and advisory channels. This will enable institutional investors, registered investment advisers, and retirement accounts to access tokenized securities through their current brokers, significantly reducing onboarding friction and enabling broader participation by U.S. investors.

Oasis Pro Markets LLC is an SEC-registered broker-dealer and Alternative Trading System, and a member of FINRA/SIPC. For more information regarding the background of Oasis Pro Markets, see FINRA BrokerCheck.

Oasis Pro TA LLC is an SEC-registered transfer agent.

Except for Oasis Pro Markets and Oasis Pro TA, respectively no Ondo Finance or Oasis Pro affiliate provides (i) broker-dealer or Alternative Trading System or (ii) transfer agent services, respectively.

Oasis Pro Markets is regulated by FINRA and the SEC; however, membership and registration do not guarantee compliance with all rules. Neither the SEC, FINRA nor any federal or state regulator or self-regulatory organization has recommended or approved any investment or verified the accuracy or completeness of any information herein.

Nothing herein constitutes an offer to sell, or any solicitation of an offer to buy, any assets. Nothing herein constitutes investment, legal, tax or financial advice. Acquiring tokenized securities involves risks. A holder of tokenized securities may incur losses, including total loss of their purchase price. Past performance may not be an indication of future results. Investors are responsible for conducting their own research, investigation, verification, checks or consultation for professional or investment advice.

The communications herein may contain forward-looking statements, including, but not limited to, statements regarding future financial performance, business strategies, or expectations for the growth or development of Ondo Finance, Oasis Pro, Oasis Pro Markets, Oasis Pro TA, or any of their respective affiliates (each, an "Applicable Entity"). These statements are based on management's current expectations, estimates, projections, and beliefs, and are subject to a number of risks, uncertainties, and assumptions that could cause actual results to differ materially from those anticipated. Forward-looking statements can be identified by the use of terminology such as "may," "will," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue," or the negative of these terms or other similar expressions. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, but are not limited to, the following: economic, competitive, legal, governmental, and technological factors affecting the operations, markets, products, services, or prices of any Applicable Entity. No Applicable Entity undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

TLDR: ONDO price advanced more than 17% as Ondo connected CRCLon and SPYon with tokenized entitlements created through DTCC infrastructure. The DTCC model ties tokenized products to securities held at DTC, giving institutions familiar custody, ownership, and settlement controls. Robinhood Chain and Ondo Perps broaden distribution, while the derivatives platform reports over $1 billion in seven-day trading volume. ONDO must hold the $0.37 to $0.38 breakout zone and close above $0.40 before traders can focus on the $0.43 to $0.45 resistance area. ONDO price jumped more than 17% as investors reacted to Ondo Finance’s latest link with DTCC infrastructure. The token moved toward $0.39 after trading near $0.34 one day earlier. The rally also extended its weekly advance as demand returned to real-world asset projects.

Ondo said CRCLon and SPYon now connect with DTC Tokenized Entitlements created through DTCC’s Tokenization Service. Those instruments represent Circle shares and the SPDR S&P 500 ETF. DTCC said tokenized assets retain the same rights and protections as traditional securities. The structure gives Ondo products a clearer bridge into established clearing and settlement systems.

ONDO Price Gains Support From DTCC Tokenized Securities The DTCC development gives Ondo Finance more than another blockchain partnership. It links tokenized stocks with securities held inside DTC’s existing custody framework. The digital entitlements keep matching CUSIP identifiers and market symbols.

That design may appeal to institutions needing familiar ownership records, settlement processes, and operational controls. DTCC plans a broader Tokenization Service launch in October 2026 after limited production activity in July. More than 50 firms joined its industry working group before the initial rollout.

$ONDO jumped ~18% on its tokenized-stock launch, and unlike most catalyst pops, the on-chain side is following.
📈 $ONDO rose from ~$0.31 to ~$0.37 over Jul 14 to 16, roughly +18%, after launching DTCC-backed tokenized stock representations and a partnership with Japan’s SBI… pic.twitter.com/ryz2ljzZXw

— Santiment Intelligence (@SantimentData) July 17, 2026

Ondo’s participation also places its products beside infrastructure used by major banks, asset managers, and exchanges. Still, the connection does not guarantee immediate institutional demand for the ONDO token. Investors must separate product adoption from direct token value capture.

Robinhood’s July launch adds another distribution channel for Ondo Finance. Robinhood Chain now supports stock tokens and DeFi products through an Arbitrum-based network. Ondo’s tokenized assets can gain wider visibility as more users explore onchain equities.

The project also completed a cross-border Treasury redemption pilot with Kinexys, Mastercard, and Ripple in May. Ondo processed the tokenized asset redemption, while bank infrastructure handled the fiat settlement. The transaction showed how public blockchains could connect with established payment rails.

Ondo Perps provides another sign of rising activity around tokenized markets. The platform reported more than $1 billion in seven-day volume. It also crossed $3 billion in cumulative trading volume, showing stronger demand for RWA-based derivatives.

Technical Levels Decide Whether the ONDO Rally Extends The daily chart shows the ONDO price moving above its 20-day, 50-day, and 100-day exponential moving averages. Those averages sit near the $0.339 to $0.345 region. The token also crossed the 200-day EMA around $0.376.

That breakout shifts the short-term structure toward buyers. Stronger volume also supports the move and reduces concerns about a thin-liquidity spike. However, the ONDO price now faces resistance between $0.39 and $0.40.

ONDO/USD 4-hour chart. Source: TradingView A daily close above $0.40 could expose the May highs near $0.43 to $0.45. The next larger resistance levels sit around $0.48 and $0.70. Reclaiming those zones would require sustained demand and broader strength across altcoins.

Short-term momentum already looks stretched. The four-hour RSI has reached about 75, placing the market in overbought territory. That reading does not cancel the breakout, but it raises consolidation risk.

The $0.37 to $0.38 area now forms the first support zone. Holding that region would preserve the breakout structure. A loss of $0.37 could send ONDO price toward the moving-average cluster near $0.34.

Tokenized ETFs just crossed a milestone that would have sounded absurd two years ago. The total market cap of exchange-traded funds living on blockchains hit $526.4 million, an all-time high, with Ethereum hosting 62.2% of those assets.

That’s a jump from roughly $430 million in mid-May, meaning the sector added nearly $100 million in market cap in about two months.

Ondo Finance is running the show When one player controls roughly 66.4% of an entire market, they’re not just a participant. They’re the market. That player is Ondo Finance, whose Ondo Global Markets platform launched in September 2025 and now offers more than 440 tokenized US stocks and ETFs.

The platform’s cumulative trading volume has exceeded $9 billion, attracting tens of thousands of holders, primarily non-US individuals. People outside the United States are using blockchain rails to access American financial products around the clock, something traditional brokerages still can’t offer.

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Ondo rolled out a 24/7 mint and redeem feature in June 2026. Users can create or cash out tokenized ETF positions at any hour, any day, with continuous access to financial instruments that traditionally operate on a 9:30-to-4 schedule, Monday through Friday.

One of Ondo’s specific offerings, IVVon, posted gains of approximately 150% in a single month. The product essentially mirrors BlackRock’s iShares Core S&P 500 ETF but lives on-chain, which means it can be composed into DeFi protocols, used as collateral, or traded without the friction of traditional settlement.

Why Ethereum and not somewhere else Ethereum’s 62.2% dominance in tokenized ETFs isn’t accidental. When BlackRock launched its BUIDL tokenized fund, it chose Ethereum. When Franklin Templeton moved its money market fund on-chain, same choice.

Ondo Finance is expanding beyond Ethereum to Solana and BBN Chain, which signals that the market may not stay so concentrated forever.

What this means for investors $526.4 million sounds impressive until you remember that traditional ETFs manage trillions of dollars globally. The tokenized version represents a rounding error in the broader ETF universe.

Ondo Finance filed for SEC registration in February 2026, which suggests the company is positioning for a future where US investors can legally participate. Right now, the user base skews heavily toward non-US holders, but regulatory clarity could open the floodgates to American capital.

The 24/7 trading capability eliminates the gaps created when traditional markets close for weekends, holidays, and overnight hours, which matters most during periods of volatility when the ability to exit a position at 2 AM on a Sunday could be the difference between a manageable loss and a catastrophic one.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Ondo Finance, the largest tokenizer of stocks globally, and SBI Group, one of Japan's largest financial conglomerates, today announced a strategic partnership. Under the partnership, the companies will bring Japanese equities onchain, distribute Ondo tokenized products across the SBI Group ecosystem, and adopt SBI's JPYSC stablecoin for onchain settlement and collateral.

The partnership connects one of the world's most sophisticated capital markets with the global tokenized economy, expanding access to Japanese assets and bringing Ondo tokenized products to millions of investors across Japan.

Under the strategic partnership, the two companies will work towards:

Tokenization and distribution of Japanese assets onchain, with tokenized instruments to be issued by Ondo Global Markets (BVI) Limited Use of SBI’s JPYSC stablecoin for settlement and collateral on Ondo tokenized assets Distribution of Ondo tokenized assets through the SBI Group ecosystem Cross-promotion of each party's products and services through their respective customers, channels, and strategic partners “Japan is one of the most sophisticated capital markets in the world, and SBI sits at the center of it. This collaboration creates a path to bring Japanese assets onchain and to connect Japan with the global tokenized economy,” said Ian De Bode, CEO, Ondo Finance.

“Ondo Finance has established itself as a global leader in the tokenization of real-world assets and is at the forefront of the tokenized equities market. We believe Ondo will be a key strategic partner as SBI Group forms a global corridor for digital assets, and we look forward to rapidly advancing a wide range of initiatives together,” said Yoshitaka Kitao, Representative Director, Chairman, President & CEO, SBI Holdings

Ondo Finance has established itself as a global leader in the tokenization of real-world assets and is at the forefront of the tokenized equities market. We believe Ondo will be a key strategic partner as SBI Group expands its global digital asset ecosystem, and we look forward to rapidly advancing a wide range of initiatives together.

Together, SBI and Ondo aim to build a bridge between Japan's capital markets and the global tokenized economy, expanding access to Japanese assets for investors worldwide and laying the groundwork for yen-denominated settlement onchain.

Ondo launches 24/7 minting and redemption for tokenized stocks, closing a weekend gap that has cost traders up to 46 times more on other platforms.

Trading a tokenized stock at 2 a.m. on a Sunday used to mean one thing, moving an asset between wallets, not actually creating or redeeming it. Ondo just changed that.

Ondo has launched 24/7 instant minting and redemption for tokenized U.S. stocks and ETFs, live now across Ethereum, BNB Chain, and Solana. 

The upgrade expands beyond Ondo's existing 24/5 minting window and applies to six of its most actively traded tokenized assets, SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon, with more expected to follow.

Why this is actually newSeveral platforms have advertised 24/7 trading for tokenized stocks before. 

But that claim has always come with an asterisk, the round-the-clock access has applied only to transferring an asset between wallets or exchanges, not to minting new tokens or redeeming existing ones for cash. 

Minting and redemption, the actual creation and settlement of these tokenized assets, has continued to follow traditional market hours, pausing over weekends just like the underlying stock exchanges.

Ondo Stocks already supported 24/7 permissionless transfers, letting users hold and move tokenized assets across supported wallets, exchanges, and protocols at any time.

What was missing was the ability to mint or redeem those same assets outside of standard trading hours. This update closes that gap, eligible users can now mint or redeem supported assets at the current prevailing price, any day, at any hour, including weekends and U.S. public holidays.

Why the price you pay depends on where you tradeThe practical impact of this shows up most clearly in execution costs. 

Ondo shared data comparing weekend trading costs on its platform against other tokenized stock venues.

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For a $100,000 trade in tokenized Circle stock (CRCLon), execution cost on Ondo averaged $33, compared to $835 on another platform, 25 times higher. Tokenized Google stock (GOOGLon) showed the widest gap, costing $43 on Ondo versus $1,644 elsewhere, 38 times higher. Tokenized Nvidia stock (NVDAon) showed the largest multiple of all, at $13 on Ondo versus $738 elsewhere, 57 times higher. Tesla showed a 25 times gap, the Invesco QQQ ETF showed a 7 times gap, and the SPDR S&P 500 ETF showed a 5 times gap.

Trending on TheStreet Roundtable:Cathie Wood's ARK issues bold prediction on U.S. digital dollarAnalysts stunned by Robinhood's $3.1 billion debut weekMicroStrategy sells shares to boost U.S. dollar reserveThis gap comes down to how liquidity is sourced. Ondo's tokenized stocks draw liquidity directly from public markets, where trading depth is substantial. 

Other platforms rely on onchain liquidity pools, which are limited in depth by design, meaning larger trades, especially over weekends when markets are thinner, can move prices significantly and cost traders far more.

Why this matters for tokenized markets broadlyDemand for always-on access to traditional financial assets has been growing steadily, as investors increasingly expect the same speed and flexibility from tokenized stocks that they already get trading crypto. 

By extending minting and redemption to a full 24/7 cycle, Ondo is positioning tokenized stocks to function with the same continuous liquidity and utility as the crypto markets they trade alongside.

Ondo Stocks has built a significant lead in this space already, listing more than 430 tokenized stocks and ETFs across Solana, Ethereum, and BNB Chain, and becoming the first platform in the category to surpass $1 billion in total value locked, more than every other tokenized stock platform combined. 

That infrastructure also allows tokenized stocks to be used as collateral across platforms including Ondo Perps, Morpho, and Euler.

Ondo says this 24/7 minting and redemption upgrade builds directly on that foundation, with further expansion of its always-on infrastructure planned as tokenized markets continue moving toward a fully continuous trading model.

Reserve Protocol has launched five AI-themed Reserve Protocol DTFs (Decentralized Token Funds) on BNB Chain. The aim is to give global investors a single-token route into the full AI supply chain.

The products, $BUILDOUT, $POWER, $PHOTON, $NEOCLOUD, and $ROBOTS, are live now and backed by tokenized U.S. equities via Ondo Global Markets. The announcement was made on Reserve Protocol’s official X account on July 9, 2026, alongside a video explainer and trading links.

Five DTFs, One AI Economy: What Reserve Protocol Just Built Each of the five new Reserve Protocol DTFs targets a different layer of the AI value chain. $BUILDOUT covers AI hardware and infrastructure stocks.
$BUILDOUT covers AI hardware and infrastructure stocks.

$POWER focuses on energy and power generation companies feeding AI data centers.

$PHOTON tracks photonics and optical networking companies. $NEOCLOUD holds cloud computing and AI infrastructure providers. $ROBOTS rounds out the set with robotics and automation equities.

The interesting part of the update is that an investor can buy $NEOCLOUD and get instant exposure to tokenized cloud equities without limit.
The DTFs are built on Reserve Protocol’s open-source infrastructure, which is powered by Ondo Global Markets (OGM). It holds tokenized U.S. stocks via licensed U.S. broker-dealers.

Own your share of the AI industry

Today, Reserve launches not one, but five new tokenized equity DTFs, each for a unique layer of the AI revolution: infrastructure, power, photonics, cloud compute, and robotics.

Live on @BNBCHAIN and powered by @OndoFinance, eligible users can… https://t.co/ZiI6zLMLA4 pic.twitter.com/NSnowuVRTd

— Reserve 🌐 (@reserveprotocol) July 9, 2026

Tokens are currently accessible via app.reserve.org, PancakeSwap, CoWSwap, and Bitget Wallet. They are also available on the BNB chain. Bitget has also reportedly launched an $80,000 prize pool trading campaign in relation to these DTFs.

On June 17, Ondo Finance witnessed a welcoming expansion of its tokenized securities offering. This move added 173 new tokenized stocks and ETFs across AI, robotics, quantum, and defense tech, taking its catalog past 430 assets on Ethereum, Solana, and BNB Chain.

The research protocol leveraged the expanded inventory and took it steps further.

Why BNB Chain, and Why Now BNB Chain currently holds over 709 tokenized stocks and ETFs in custody, with Ondo Global Markets. This accounts for more than $5.1 billion of its $6 billion in cumulative DEX volume. That liquidity depth makes BNB Chain the natural home for new tokenized equity products.

The timing is equally deliberate. Global RWA tokenization crossed $36 billion in on-chain value in 2026, with Ondo alone commanding more than 70% market share in tokenized equities and over $3.7 billion in Total Value Locked.

The broader RWA tokenization platform landscape is experiencing rapid growth, and Reserve Protocol is positioning itself at the intersection of DeFi composability and real-world AI equity exposure.

For non-U.S. investors, historically locked out of AI stocks like Nvidia or TSMC or data center REITs. These Reserve Protocol DTFs offer a first-mover on-chain alternative to traditional AI ETFs. Unlike those ETFs, DTFs trade 24/7, are fully collateralized onchain, and can plug into DeFi lending and collateral protocols.

RSR stakers also stand to benefit. Protocol fees from DTF activity fund $RSR buy-and-burn mechanics, tightening supply as TVL grows.

To understand how these blockchain-based shares function and where to acquire them, read our full review on tokenized US equities trading.

Victoria, Seychelles, July 8th, 2026, Chainwire

MEXC, a pioneer in 0-fee digital asset trading, will add nine Ondo tokenized stock and ETF trading pairs to its spot market, the latest expansion of ongoing collaboration with Ondo Finance. The new pairs cover companies across the data center, semiconductor and power supply chains linked to growing AI infrastructure demand, expanding the range of tokenized U.S. equities available to users and providing on-chain exposure to a sector at the center of the current AI infrastructure buildout.

The pairs include tokenized stocks and ETFs tracking Bloom Energy (BEON/USDT), Astera Labs (ALABON/USDT), Credo Technology (CRDOON/USDT), the Roundhill Memory ETF (DRAMON/USDT), Innodata (INODON/USDT), and Celestica (CLSON/USDT), among others, all listing on July 8, 2026 (UTC). Full details, including exact listing times for each pair, are available in MEXC’s official announcement.

Ondo Finance focuses on bringing traditional financial assets on-chain through compliant infrastructure, allowing users to access assets such as US Treasuries, stocks, and ETFs in a blockchain-native format. Each tokenized asset is backed by the corresponding underlying security held through regulated custodial brokers. This latest batch listing further expands MEXC’s lineup of tokenized stocks, reinforcing its commitment to delivering users Infinite Opportunities.

As a one-stop trading platform, MEXC provides users with diverse access to global markets. Beyond Ondo’s tokenized stocks, MEXC also offers “RealStocks,” a product that allows users to hold real share ownership and dividends. With MEXC’s integrated trading experience, users can seamlessly access diverse investment products without switching between platforms. 

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

For media inquiries, please contact MEXC PR team: [email protected]

Risk Disclaimer:

This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

Tokenized yield products are continuing to move toward retail-facing crypto venues. MEXC has listed an Ondo Finance-linked yield asset on its spot market, giving traders another route into the growing market for blockchain-based exposure to traditional income products.

The listing matters because Ondo has become one of the more visible names in the real-world asset sector, especially around tokenized Treasury-style products. For exchanges, adding these assets is a way to meet demand for yield products that sit somewhere between DeFi and traditional fixed-income exposure.

For more details, visit the official Chainwire platform.

TL;DR MEXC has listed an Ondo-linked tokenized yield asset on its spot market.The listing reflects growing demand for tokenized real-world asset products.Yield-bearing tokens still carry product, liquidity, and counterparty risks that traders need to understand. Tokenized Yield Keeps Moving Into Exchanges The RWA narrative has matured from a niche DeFi theme into one of crypto’s most persistent institutional stories. Tokenized Treasury products, yield-bearing stablecoin alternatives, and on-chain money-market style assets have all attracted attention because they connect crypto rails with familiar sources of yield.

An exchange listing does not automatically make these products simple. It does, however, make them more visible. Retail traders who may not interact directly with protocol interfaces can encounter tokenized yield through the same venues they already use for spot trading.

The Risk Is Different From A Standard Token The key distinction is that yield-bearing tokenized assets are not just speculative crypto tokens. Their performance can depend on the structure of the underlying asset, issuer policies, redemption mechanisms, market liquidity, and interest-rate conditions.

For NewsBTC readers, the clean takeaway is that tokenized yield is becoming more accessible, but not risk-free. The expansion of listings may help the sector grow, but it also puts more responsibility on exchanges and issuers to explain exactly what holders are buying.

RWAs Keep Finding Distribution One reason tokenized Treasury products have gained traction is that they give crypto users a familiar on-chain wrapper around a familiar traditional asset category. That makes them easier to understand than many purely experimental DeFi products.

Distribution is now the next battleground. Protocols can build tokenized yield products, but exchanges and wallets decide how many users actually see them. A listing on a venue such as MEXC can increase visibility, liquidity, and speculative interest around the product.

Still, the category needs careful handling. If users treat a yield-bearing RWA token like a standard spot altcoin, they may miss the risks that sit underneath the yield mechanism.

Ondo’s broader significance comes from the fact that tokenized Treasuries have become one of the few crypto categories with a clear real-world benchmark. Traders can debate valuations, but the underlying demand for on-chain yield products is no longer theoretical.

The cleaner takeaway is to treat this as a specific development inside DeFi, not as a blanket prediction for the whole market. It gives readers a concrete data point to watch while keeping the limits of the story clear.

This article is based on information from Chainwire.

This article was written by the News Desk and edited by Samuel Rae.

Jul 2, 2026, 2:16 p.m.

3 min read

Ondo Finance CEO Ian de Bode (Ondo Finance) Summary

Ondo Finance rolls out its first implementation of the SEC's third-party custodial tokenization model that the agency outlined earlier this year.BlackRock's IVV ETF and Micron shares are the first securities being tokenized under U.S. framework instead of an offshore structure.Ondo's transfer agent Oasis Pro handles issuance, while Broadridge provides proxy voting and shareholder communications to token holders.Ondo Finance ONDO$0.3298 launched blockchain-based versions of BlackRock's iShares Core S&P 500 ETF (IVV) and Micron Technology (MU) shares in a structure designed to operate within the existing U.S. securities system, based on the Securities and Exchange Commission's (SEC) staff statement for third-party tokenized securities in the U.S.

The company said Thursday the tokenized securities are issued on Ethereum through Oasis Pro TA, an SEC-registered transfer agent Ondo acquired last year. Financial infrastructure provider Broadridge (BR) will handle proxy voting, regulatory disclosures and shareholder communications, allowing token holders to receive the same governance rights as investors who own the securities through traditional brokerage accounts.

Importantly, the product is not yet available to U.S. investors.

Ondo said it is the first production deployment of the SEC's custodial tokenization model, using two securities to demonstrate that blockchain-based securities can fit within the current U.S. regulatory and custody framework.

"Ondo has built the regulatory, product, and service infrastructure to support all major models within the United States," Ian De Bode, CEO of Ondo Finance, said in a statement.

"Today's milestone shows we can tokenize securities in ways that meet both market and regulatory requirements, for U.S. and global investors and provides a strong foundation for our expanding access to onchain investments for more U.S. investors," he added.

Tokenization, or the process of representing traditional assets as blockchain-based tokens, has emerged as one of the fastest-growing areas blurring digital assets and traditional finance. Supporters say it can modernize capital markets through faster settlement, around-the-clock trading and easier movement of assets across financial platforms. A report by Citi projected that tokenized securities could reach $5.5 trillion market size by 2030.

Debate around tokenization modelsThe launch follows the SEC's January staff statement on tokenized securities, which outlined how a third-party custodial model could comply with existing securities laws. SEC staff statements don't have the full weight of formal guidance approved by the agency's commissioners, but do indicate how the regulator is thinking about issues like tokenization.

Under that approach, a regulated intermediary holds conventional shares in custody and issues blockchain-based tokens representing a holder's entitlement to those assets. That's an alternative approach to the issuer-sponsored tokenization, where the issuer of the underlying security is involved in the process.

The agency's guidance coincided with a growing debate over whether tokenized stocks issued without issuer involvement confer the same rights as traditional shares. The topic drew broader attention when OpenAI said last year it did not authorize Robinhood's tokenized offering tied to its shares and warned the tokens did not represent equity in the company.

Under Ondo's implementation, the underlying IVV and Micron shares remain within the traditional U.S. custody chain while Oasis Pro TA mints one-for-one tokenized entitlements on Ethereum (ETH). Regulated custodians continue to hold the underlying securities, while existing broker-dealer, transfer agent and custody controls enforce transfer restrictions. Broadridge's integration extends shareholder communications, proxy materials and voting rights to token holders through its existing investor services infrastructure.

The move comes as tokenized equities gain momentum across both crypto and traditional finance. Robinhood recently rolled out its own blockchain and expanded tokenized stocks beyond Europe, while the Depository Trust & Clearing Corporation (DTCC) has expanded blockchain-based infrastructure and exchanges including Nasdaq and the New York Stock Exchange (NYSE) have announced tokenization initiatives that would integrate blockchain technology into regulated securities markets.

Ondo emerged as one of the largest tokenized securities platforms outside the U.S., with more than $1 billion in tokenized stocks and ETFs spanning over 430 securities, according to the company.

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Building the Zcash Machine: Tachyon and Quantum Readiness

Building the Zcash Machine: Tachyon and Quantum Readiness

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Jun 30, 2026

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Why it matters:

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Victoria, Seychelles, June 30th, 2026, Chainwire

MEXC, a pioneer in 0-fee digital asset trading, today announced the listing of Ondo’s tokenized Strategy’s preferred stock on its spot market, further expanding its tokenized U.S. stock offerings.

STRCON tracks Strategy Pref (STRC), Strategy’s preferred stock. The company formerly known as MicroStrategy, Inc., is the world’s largest corporate holder of bitcoin, with holdings of 847,363 BTC as of June 21, 2026, according to company filings. The STRCON/USDT spot trading pair will be listed at 14:00 (UTC) on June 30, 2026. Deposits opened earlier the same day at 08:00 (UTC). Full listing details are available in MEXC’s official announcement.

Ondo Global Markets is a tokenization platform focused on bringing real-world assets on-chain. It provides non-U.S. investors with instant access to tokenized U.S. stocks, ETFs, and other securities. Ondo Global Markets surpassed $1 billion in total value locked in May 2026 and accounts for more than 70% of the tokenized equity issuer market, according to RWA.xyz data. MEXC’s ongoing collaboration with Ondo continues to expand access to the U.S. stock market for users through tokenized assets.

As a one-stop trading platform, MEXC is committed to providing users with diverse access to global markets. Beyond Ondo’s tokenized U.S. equities, MEXC also offers “RealStocks,” a product that allows users to hold real share ownership and dividends within the crypto trading environment they already use.

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

For media inquiries, please contact MEXC PR team: [email protected]

Risk Disclaimer:

This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

ONDO price came under renewed selling pressure on Tuesday as millions of tokens moved onto major crypto exchanges. These large-scale transfers raised concerns over ONDO’s short-term outlook and triggered an intraday drop of nearly 10%.

Significant inflows to exchanges intensified sellingAccording to data shared by Nazoku, which tracks on-chain activity, the wallet labeled as a custodian vault (address 0xBf6) sent 3.637 million ONDO—worth around $1.14 million—to Coinbase via an intermediary wallet. About an hour earlier, another wallet (0x1c0) transferred 4.013 million ONDO to Coinbase as well.

Some of the transferred tokens were broken into smaller amounts and deposited on Binance and Bybit. The transaction volume notably exceeded the available liquidity at the time. With more than 7.6 million ONDO tokens flowing into exchanges while the price was already weakening, the market reacted suddenly, dragging the token even lower.

Large ONDO transfers to exchanges, coupled with an already fragile market structure, added downward pressure on the token’s price.

Nazoku, a platform specializing in on-chain analytics, highlighted that intermediary wallets were used to distribute the tokens in smaller chunks to different exchanges, rather than executing a single large transfer.

$0.30 stands out as critical short-term supportMarket data indicate that ONDO recently lost the $0.36 threshold, a level viewed as pivotal for both buyers and sellers. Rejection from this area deepened the negative sentiment and shifted focus to the next major support at $0.30. Earlier this year, ONDO surged as high as $0.45, but since then, it has recorded lower highs and lower lows, underscoring persistent weakness.

As long as ONDO maintains levels above $0.30, the price may continue sideways or attempt a rebound towards $0.36. A sustained move below $0.30 could bring $0.243 into play as the next potential target.

Inability to reclaim $0.36 has fueled further sell pressure. The report notes that the token last traded at around $0.29, highlighting how the $0.30 mark has become a key inflection point in the short term.

IndicatorLevelIntraday declineApprox. 10%Lost support$0.36Critical support$0.30Downside target$0.243Reported trading priceApprox. $0.29Futures trading sees volume surge despite price dropDespite ONDO’s price weakness, trading activity in the perpetual futures market saw a strong uptick. As reported by Niels, ONDO’s perpetual futures volume climbed to $1.122 billion, up sharply compared to the $133 million recorded on May 31.

This surge in trading volume indicates that short-term traders remained highly active even as the spot market faced intense selling. The simultaneous increase in derivatives activity alongside the spot market decline highlights the heightened volatility currently surrounding ONDO.

The sharp inflow of ONDO tokens to major exchanges set off a wave of selling, which quickly drove the price down to $0.29. Observers continue to watch whether support at $0.30 will hold or if further declines toward $0.243 are likely.

For now, with the token’s price still under pressure and futures interest climbing, ONDO appears poised for continued volatility in the near term. The interplay between exchange inflows and market reactions will remain a key area of focus for traders and analysts.

In summary, the latest token movements and sharp trading shifts have placed ONDO’s crucial support levels and short-term trajectory in the spotlight as the market weighs its next move.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

ZIGChain announces an integration with Ondo Finance to bring Ondo’s tokenized stocks and ETFs to users across ZIGChain’s ecosystem

ZIGChain, the blockchain built to bring investment products onchain for institutions and everyday users, today announced an integration with Ondo Finance, which pioneered the tokenization of institutional-grade real-world assets, to bring Ondo tokenized stocks & ETFs to ZIGChain, extending their shared vision of accessible onchain exposure to publicly traded US securities to a new generation of users through ZIGChain. 

Ondo Finance has done something genuinely difficult: taking securities and making them available as programmable, onchain products. That breakthrough matters most when it reaches the widest possible audience. ZIGChain provides infrastructure through which that reach expands by bringing Ondo-tokenized products to users across the GCC and beyond on the ZIGChain ecosystem. 

For ZIGChain, this integration is a direct expression of its founding mission. Not to build new financial products for those who already have access, but to take the best existing ones — the instruments that generate real, reliable yield — and make them available onchain, to anyone. 

“The next phase of onchain finance is not about replicating access that institutions already have. It is about taking those instruments and making them genuinely accessible to a broader universe of participants, through transparent, scalable onchain infrastructure, without the minimums and intermediaries that have always stood in the way,” said Abdul Rafay Gadit, Co-Founder, ZIGChain. “Ondo has done the hard work of bringing these products onchain. ZIGChain is the infrastructure through which that reaches a new generation of users. For us, this is deeply aligned with our mission: to make high-quality financial opportunities more open, more programmable, and more globally accessible.” 

“Bringing tokenized US stocks and ETFs to new ecosystems and user bases is core to what the Ondo Global Markets platform enables. ZIGChain’s infrastructure gives investors across the GCC onchain exposure to the world’s most in-demand securities, with the execution quality and transparency that institutional markets demand. This is exactly the kind of distribution that expands the reach of tokenized finance where it matters most” said Oya Celiktemur, EMEA Director, Ondo Finance.

Access to Ondo-tokenized products through ZIGChain will roll out in phases beginning at the end of May, with initial availability across selected ecosystem applications and partners, expanding over time. 

The integration does not constitute a token launch or guarantee of yield or returns. Underlying assets are issued by Ondo Global Markets (BVI) Limited. ZIGChain does not custody underlying real-world assets. All investments carry risk. 

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

 MEXC, a pioneer in 0-fee digital asset trading, has listed nine Ondo tokenized stock trading pairs on the Spot markets, giving users on-chain access to real-world equity exposure across key technology sectors including AI, semiconductors, and optical communications.

MEXC listed Ondo tokenized stock trading pairs across some of the most closely watched names in U.S. equity markets. The selection includes Cerebras Systems in AI inference hardware, Corning, Lumentum Holdings, and Applied Optoelectronics in optical communications infrastructure, and United Microelectronics and Amkor Technology in semiconductor manufacturing and packaging. Dell Technologies, Nokia, and Planet Labs complete the lineup across enterprise technology, telecommunications, and satellite data. Full listing details are available on the MEXC announcement page.

This listing builds on MEXC’s ongoing collaboration with Ondo Finance, further expanding the range of tokenized real-world assets available on the platform. The tokens’ underlying assets are securely held in custody by licensed broker-dealers. They are freely transferable and DeFi-compatible, unconstrained by the geographical restrictions and trading hours of traditional markets. Additionally, dividends are automatically reinvested after tax, providing users with an additional source of investment return. 

MEXC will continue to expand access to the world’s most sought-after assets, delivering on its mission to connect users worldwide with infinite investment opportunities.

About MEXC MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜X ｜Telegram ｜How to Sign Up on MEXC

For media inquiries, please contact MEXC PR team: [email protected]

Risk Disclaimer:

This content does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.

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A redemption that used to take days cleared in about five seconds. The names in the room matter more than the speed, and the question for XRP holders is where the token actually sits in the flow.

Summary

JPMorgan, Mastercard, Ondo, and Ripple tested tokenized Treasury redemption on the XRP Ledger. The settlement speed matters, but the institutional names matter more. XRP was not the asset being redeemed, but it can sit in fees, reserves, and routing. The long-term signal is utility; the near-term question is whether volume follows. On June 12, JPMorgan, Mastercard, Ondo Finance, and Ripple completed a test that moved a tokenized United States Treasury through a full redemption on the XRP Ledger. The settlement finished in roughly five seconds.

The same operation on traditional rails takes three to five business days. crypto.news shared the result the day it happened, and within hours the XRP community had folded it into the familiar story: another institution, another marquee logo, another reason the token should be worth more than it is.

NEW: JPMorgan, Mastercard, Ondo Finance and Ripple complete tokenized Treasury redemption test on XRP Ledger. Settlement took roughly 5 seconds compared to 3 to 5 business days on traditional rails pic.twitter.com/9Rkd3MkWF4

— crypto.news (@cryptodotnews) June 12, 2026 The speed is real and the participants are real. What deserves a closer look is the part the headlines skip, which is the exact role XRP the asset plays when a tokenized Treasury changes hands on its ledger.

That answer is more interesting than a simple win or loss. It sets the boundary on how much a holder should read into the news.

What actually happened on June 12 Strip the announcement down to its parts and the test looks like this. Ondo Finance issued a tokenized version of a short-dated United States Treasury instrument, the kind of product that wraps a real government bond into an on-chain token that pays the yield of the underlying paper.

Mastercard provided the link between the regulated money layer and the chain through its Multi-Token Network, the rails it has been building to let banks move tokenized deposits and settle against tokenized assets. JPMorgan brought its institutional settlement infrastructure to the bank side of the trade.

Ripple supplied the ledger and the surrounding tooling that let the redemption clear on the XRP Ledger instead of on a private bank network.

A redemption is the moment a holder hands the token back and receives cash value in return. In the legacy world, that round trip crawls through custodians, transfer agents, and settlement windows that only open on business days.

The test compressed that into a single near-instant on-chain event, with the cash leg and the asset leg settling together instead of days apart. Atomic settlement, where both sides of a trade move or neither does, removes the gap during which one party holds an asset and waits to be paid.

That gap is where counterparty risk lives, and closing it is the entire point of putting this kind of asset on a fast public ledger. So the result is a working proof that a tokenized Treasury can be issued, held, and redeemed across a chain that major financial firms were willing to touch.

That is not nothing. It is also not the same thing as production volume, and the difference is where careful readers should slow down.

The logos are the story, up to a point Each name on the June 12 test carries weight, and the weight is worth spelling out because the market tends to treat any JPMorgan headline as a verdict.

JPMorgan has spent years building Kinexys, formerly Onyx, its blockchain settlement arm that already moves large daily volumes in tokenized deposits. When a bank of that size agrees to run a redemption across the XRP Ledger, even as a test, it signals that the ledger met its internal bar for security and controls.

Mastercard has been pushing its Multi-Token Network as the connective tissue between banks and tokenized assets, and its presence shows the test was built to plug into existing card-network plumbing instead of standing alone as a crypto experiment. Ondo is one of the larger issuers of tokenized Treasuries, and its OUSG product has become a reference point for the whole real-world-asset category.

Ripple sat at the center as the ledger host and the firm whose institutional features made the settlement possible. Put together, the group reads as a deliberate signal that tokenized Treasuries can settle on the XRP Ledger with names that compliance departments recognize.

JPMorgan, Mastercard, Ondo Finance and Ripple just completed something quietly historic.

The first cross-border tokenized US Treasury redemption on the XRP Ledger.

Cleared in under 5 seconds.

Traditional settlement for this kind of transaction takes days.

Tokenized assets… pic.twitter.com/9uk5akaVRf

— Rose (@Rose09202) June 21, 2026 The temptation is to draw a straight line from that signal to the XRP price. Before drawing it, look at what moved through the transaction and what did not.

Why tokenized Treasuries are the wedge asset It is no accident that the test used a Treasury and not some exotic instrument. Among all the assets the industry has tried to move on-chain, short-dated government debt has become the wedge that opens the institutional door, and the reasons say a lot about why June 12 happened at all.

A Treasury bill is the simplest large asset to tokenize honestly. It has a known issuer, a known maturity, a yield that is easy to verify, and a price that barely moves day to day.

There is little argument about what it is worth, which means a token wrapped around it can be marked with confidence and redeemed without disputes. Compare that to tokenized real estate or private credit, where valuation is slow, subjective, and easy to challenge, and the appeal of starting with Treasuries becomes obvious.

The asset removes the hardest problem in tokenization, which is agreeing on value, so the experiment can focus on the plumbing. That is why tokenization as the real story keeps coming back to Treasuries: they are liquid, familiar, yield-bearing, and easy for institutions to understand.

The demand is also concrete. Crypto firms, trading desks, and treasuries sit on large idle dollar balances, often parked in stablecoins that pay them nothing.

A tokenized Treasury lets that cash earn the yield of real government paper while staying on-chain, available to move at any hour without leaving for the banking system. That single feature, on-chain dollars that earn a real yield, has turned tokenized Treasuries into one of the fastest-growing corners of the whole digital-asset market.

Ondo’s OUSG and a handful of competitors have pulled in billions because they answer a question every on-chain treasurer has, which is how to stop leaving money on the table.

So when Ripple wanted to prove the XRP Ledger could host serious institutional settlement, the Treasury was the natural choice. It is the asset most likely to move in real size, the one institutions most want on-chain, and the one with the fewest excuses for the test to fail.

Winning the Treasury-settlement business is the beachhead. Everything heavier, corporate bonds, funds, structured credit, follows the rail that first proves itself on the simple asset.

Where XRP actually sits in the transaction Here is the part that gets lost. In the June 12 flow, the asset being moved was a tokenized Treasury. The cash leg most likely settled in a stablecoin or a tokenized deposit.

XRP, the native token of the ledger, was not the thing being bought, sold, or redeemed.

That sounds like bad news for the holder thesis, and read too quickly it would be. The reality is more layered.

XRP touches a settlement like this in three indirect ways, and each one is small per transaction but structural across millions of them.

First, every transaction on the XRP Ledger burns a tiny amount of XRP as a fee. The amounts are fractions of a cent, designed to stop spam, not to enrich anyone.

As transaction count rises, the burn rises with it, which slowly removes XRP from supply. Second, accounts and certain ledger objects require a reserve denominated in XRP, so a ledger that hosts more institutional activity locks up more XRP in reserves.

Third, and most important over time, XRP can serve as the auto-bridge asset when one currency or token needs to move into another inside the ledger’s exchange. In a redemption that converts a tokenized Treasury back into a chosen settlement currency, XRP can sit in the middle as the routing asset that connects the two sides.

While the market obsesses over price action, XRPL just processed another milestone settlement blending JPMorgan, Mastercard, and Ondo Finance rails.

This cross-border tokenized Treasury redemption cleared on XRPL in under five seconds using RLUSD as the settlement asset and a… pic.twitter.com/eDw8SQm88z

— documenting XRP (@documentingXRPP) June 21, 2026 None of those roles require XRP to be the headline asset in the trade. All three grow with usage, not with hype.

That is the honest frame: the June 12 test does not put XRP at the center of the transaction, but it does feed the machinery where XRP earns its keep. Whether that machinery turns fast enough to matter for price is a separate question, and the search history of XRP suggests patience is warranted.

This is also what the tokenized Treasury settlement means for XRP: the ledger can win serious institutional use before the token captures meaningful demand. The two are connected, but not identical.

The ledger features that made it possible A redemption like this could not have run on the XRP Ledger of a few years ago. The capability is new, and it comes from a stack of institutional features Ripple and the wider XRPL developer community shipped across 2025 and into 2026.

Multi-Purpose Tokens, the MPT standard, let a token carry the metadata that a real financial instrument needs, things like maturity dates, transfer restrictions, and tranche information, without forcing developers to bolt on fragile smart contracts. Permissioned Domains and a permissioned version of the ledger’s decentralized exchange let regulated participants trade in gated environments where access depends on credentials such as know-your-customer checks.

RLUSD, Ripple’s dollar stablecoin, now settles on the ledger and gives institutions a compliant cash leg that lives on the same rail as the asset. The escrow feature was extended to support third-party tokens like RLUSD, which matters for structured settlement.

Layer the XLS-66 lending protocol on top, with its single-asset vaults that isolate credit risk one asset at a time, and the ledger starts to look less like a payments network and more like a settlement venue with a credit layer attached. The June 12 test is the visible output of that quieter build.

The features were the precondition. The redemption was the demonstration that they hold together under the eyes of firms that do not lend their names casually.

The competition for the same settlement business The XRP Ledger is not the only chain courting this work, and the contest for institutional settlement is the backdrop that gives June 12 its real stakes.

Ethereum sits at the center of the tokenized-asset world today. Most tokenized Treasuries, including the largest funds from the biggest asset managers, launched on Ethereum or its layer-2 networks, where the deepest pool of developers and the most established custody and compliance tooling already live.

An institution choosing where to settle starts from a world in which Ethereum is the default, and the burden falls on every other chain to give a reason to look elsewhere. Solana has pushed hard on speed and cost and has won its own share of tokenization projects and corporate interest.

On top of the public chains, the banks are building private ones. JPMorgan’s own settlement network already moves enormous daily volumes inside a permissioned environment the bank controls end to end.

Against that field, the XRP Ledger’s pitch is specific. It offers settlement built for payments from the start, with the institutional features, the MPT standard, permissioned trading, credentials, baked into the base layer instead of bolted on through smart contracts that have to be audited one project at a time.

The argument is that a purpose-built settlement ledger carries less risk surface than a general-purpose smart-contract chain, because there is less custom code between an institution and a completed trade. June 12 is Ripple making that argument in public with partners who could have run the same test anywhere.

This is why the names matter more than the speed. Five-second settlement is achievable on several chains.

What the XRP Ledger needed to prove was that firms like JPMorgan and Mastercard would choose it for a real institutional flow when they had every other option available. The test does not win the war.

It wins the right to be in the room for the next one, which for a chain competing against Ethereum’s incumbency is the harder thing to secure.

Following one tokenized Treasury through the flow Abstractions blur the stakes, so trace a single unit through the kind of cycle the test modeled.

Start with a short-dated United States Treasury bill sitting in a custodian’s account. Ondo, or an issuer like it, holds that bill and mints an on-chain token against it.

The token represents a claim on the bill and the yield it throws off. Call it one unit of a tokenized Treasury, and place it in the wallet of an institutional holder who wants short-term dollar yield without leaving the chain.

For weeks, the holder simply holds. The token accrues the bill’s yield.

When the holder decides to exit, the redemption begins. The holder submits the token back toward the issuer through the settlement arrangement that JPMorgan and Mastercard stand behind.

On the ledger, the asset leg and the cash leg are matched so they settle as one event. The token is retired.

A settlement currency, most likely RLUSD or a tokenized deposit, lands in the holder’s wallet in return. The fee for the ledger transactions is paid in XRP and burned.

If the chosen settlement currency differs from the currency the token was priced in, the ledger’s exchange can route through XRP as the bridge to complete the swap. Total elapsed time: around five seconds.

Compare that to the legacy path, where the same redemption would route through a transfer agent, wait for a settlement window, and clear across three to five business days while both sides carry risk. The end state is identical.

The holder is out of the Treasury and into cash. The path is what changed, and the path is the product.

Notice where XRP appeared in that walk. It paid the fee. It may have bridged the currencies. It backed the account reserves.

It was never the asset the holder set out to trade. That is the shape of XRP’s role in institutional settlement, and it explains why utility can climb for years while the token price moves sideways.

What institutions actually buy beyond the five seconds The speed grabs the headline, but settlement time is not the only thing an institution gains, and the other gains explain why firms keep running these tests even when the token economics do not concern them.

The first gain is capital efficiency. In the legacy model, the days between trade and settlement are days during which capital sits frozen, posted as margin or held in reserve against the risk that the other side fails to deliver.

Collapse settlement to seconds and that frozen capital comes free, available to be deployed elsewhere. For a large trading desk, the value of unlocking capital that used to sit idle for three days at a time runs into real money across a year of activity.

The second gain is around-the-clock operation. Traditional settlement runs on banking hours and business days, so a Friday trade waits through the weekend.

An on-chain ledger settles at any hour, which matters more every year as markets globalize and the line between trading days blurs. The third gain is collateral mobility.

A tokenized Treasury that settles instantly can be moved, pledged, or redeemed the moment it is needed, which lets the same asset work harder as collateral across more uses.

These are the reasons a JPMorgan or a Mastercard cares about the test, and none of them depend on XRP the token doing anything. The institution is buying a better settlement process.

XRP earns its small dues in the background. Keeping those two things separate is the key to reading any announcement like this one without mistaking institutional interest in the ledger for institutional demand for the token.

The first is clearly growing. The second has to be inferred from on-chain flow, and the inference is where most of the disappointment in XRP’s price history has come from.

That is why Ripple’s IPO and XRP holders is part of the same broader lesson. Ripple’s success, XRPL adoption, and XRP holder value are related, but they do not automatically collapse into the same thing.

Does settlement volume reach the price? This is the question every holder actually wants answered, and it deserves a straight treatment, not a number pulled from the air.

The bullish case runs through the indirect roles. If tokenized Treasuries and similar real-world assets move onto the XRP Ledger in size, transaction counts climb, fee burn climbs, reserves lock up more supply, and bridge routing pulls XRP into more flows.

Demand for the token then rises from use instead of from speculation, and demand that comes from use tends to be stickier. Ripple has framed exactly this flywheel in its institutional materials, and the logic holds on its own terms.

The sober case sits in the math. Fee burn on the XRP Ledger is deliberately tiny.

Even a large jump in institutional transactions removes a small fraction of supply against the tens of billions of XRP already in circulation and the monthly escrow releases that add to it. Bridge routing only pulls in XRP when a trade actually needs a currency conversion that the ledger chooses to route through XRP, and many institutional flows will settle stablecoin to stablecoin without ever touching the token.

Reserves lock supply but do not create buy pressure on their own. There is a supply side to weigh as well, and it cuts against the burn story in the near term.

Ripple releases up to one billion XRP from escrow at the start of each month, then re-locks most of it, but the net new supply that reaches the market still runs into the hundreds of millions of tokens monthly. For fee burn from institutional settlement to tighten supply in any meaningful way, the volume would have to grow large enough to offset that steady release, which is a high bar at current transaction levels.

A holder who pins hopes on burn alone is betting that on-chain activity climbs by orders of magnitude while the escrow schedule keeps running on its long-set path. That can happen over years. It does not happen because of one test.

The careful reading is that the June 12 test strengthens the long-term utility argument and does little for the short-term price argument. XRP spent most of 2026 trading near or below the one-dollar-and-change range while news exactly like this piled up, which is the market telling you that proofs of concept are priced as proofs of concept until volume follows.

A settlement test is a door opening. Walking through it at scale is a different event, and the token tends to wait for the second one.

What has to be true for this to matter For the June 12 result to move from interesting to important, a few things need to happen, and naming them gives a holder a watchlist instead of a hope.

Production volume has to follow the test. One redemption proves the plumbing.

Recurring institutional flow, measured in real daily value rather than pilot transactions, is what feeds the burn-and-bridge machinery. Regulatory clarity has to land, because the CLARITY Act and the broader United States market-structure framework decide how freely regulated institutions can settle tokenized assets on public ledgers.

Until the rules set, much of this activity stays in the test-and-pilot stage where the June 12 work lives. That is why CLARITY’s XRP classification question matters: the technology can be ready before the legal framework gives the rest of Wall Street permission to use it.

Competing venues have to be held off, since Ethereum, Solana, and a wave of bank-built private chains are chasing the same tokenized-asset settlement business, and the XRP Ledger has to keep winning the names that make compliance teams comfortable.

If those line up, the indirect demand argument gets a real chance to show up in on-chain data, and from there in price. If they stall, June 12 joins the long list of XRP headlines that read well and changed little.

The token has taught its holders that lesson more than once. That is also why institutional positioning in XRP matters as a separate signal: ETFs show who wants exposure, while settlement flows show whether utility is becoming demand.

Reading the signal without inflating it The clean takeaway is that Ripple, with JPMorgan, Mastercard, and Ondo alongside it, proved that a tokenized Treasury can be issued and redeemed on the XRP Ledger in seconds, with names that the institutional world takes seriously.

That is a meaningful step for the ledger as a settlement venue. For XRP the asset, it is a vote for the long-term utility thesis and a weak input to the near-term price, because the token sits in the fees, the reserves, and the bridge rather than at the center of the trade.

A holder who understands that distinction will not oversell the day and will not dismiss it either. The machinery that pays XRP its small, repeated dues got a high-profile workout.

Now the only thing that turns that into price is the boring part, which is volume that shows up and keeps showing up. Watch the on-chain flow, watch the rules, and let the token follow the usage instead of the logos.

This article is information, not investment advice. Figures and partnership details reflect reporting available as of June 23, 2026, and corporate plans, test results, and market conditions can change.

Ondo Tokenized Stocks has expanded the reach of tokenized US stocks and exchange-traded funds (ETFs) through a new integration with LI.FI, allowing greater access to these assets on the blockchain. The integration is now live on both Ethereum and BNB Chain, with support for Solana expected to follow in later stages.

Wider reach for tokenized assetsWith this latest development, more than 438 tokenized US stocks and ETFs have become accessible via one of the most widely used cross-chain transaction infrastructures in the crypto sector. This move has broadened the audience for Ondo’s blockchain-based financial products, opening them up to a larger user base.

The integration allows users to access traditional market assets on-chain directly from their preferred crypto applications, without having to leave those platforms. This convenience is expected to further drive adoption and demand for tokenized securities among investors.

Direct access through the LI.FI ecosystemOver 1,000 partners within the LI.FI ecosystem now have direct access to tokenized products offered by Ondo Global Markets. Among the available assets are major US stocks such as Tesla, NVIDIA, and Apple, as well as widely followed ETFs like QQQ and SPY.

Glossary: An ETF is an exchange-traded fund that tracks an index or group of assets and is traded on stock exchanges. QQQ is one of the most well-known ETFs tracking the Nasdaq 100 index, while SPY tracks the S&P 500 index.

LI.FI serves as an execution infrastructure that facilitates both on-chain and cross-chain asset transfers. Rather than requiring users to select the technical route for their transactions, the system lets them define their desired outcome and relies on professional solution providers within the network to execute the process seamlessly.

With this integration, more than 438 tokenized US stocks and ETFs have become available to a wider user base through Ethereum and BNB Chain.

Transaction volume and custody structureAccording to the shared data, LI.FI has managed a trading volume exceeding $80 billion through more than 100 million transactions so far. The platform also provides its infrastructure services to several leading crypto exchanges and wallets in the industry.

Ondo Tokenized Stocks converts US securities into tokens that are fully backed by the underlying assets. These tokenized securities are held with one or more US-based brokerages and are subject to daily verification protocols. The platform also incorporates investor protection measures specifically designed for institutional participants.

Full backing of tokenized assets by the underlying securities and a daily verification process are highlighted as core structural features of the platform.

Impressive growth metricsAs of September 2025, the total value of tokens issued on the platform has surpassed $1 billion. The number of token holders has climbed into the tens of thousands, and the cumulative transaction volume has exceeded $20 billion.

The collaboration with LI.FI has increased the visibility of Ondo Tokenized Stocks in a variety of markets, underlining the continuing demand to bring financial assets onto the blockchain.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.