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Oasis Pro Markets Secures Regulatory Green LightOndo Finance has cleared a significant regulatory hurdle in its push to bring tokenized securities to American investors. 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 retail investors under SEC and FINRA oversight, via OTC retailing, underwritten primary offerings, private placements, and other activities.

Oasis Pro Markets LLC operates as an SEC-registered broker-dealer and alternative trading system and is a member of FINRA/SIPC. 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.

U.S. investors will gain access to publicly traded equities, including IPOs, as well as fund interests such as ETFs, mutual funds, and index funds. Ondo says the approval will help deliver 24-hour trading, fractional ownership, and faster settlement to investors across the country.

Broader Access and Growing MomentumThe approvals further allow Oasis Pro Markets to support omnibus account structures through integrations with existing broker-dealer and advisory channels, enabling 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.

The announcement builds on momentum Ondo has already established in the tokenized securities space. Ondo Finance said it has recorded $20 billion in cumulative trading volume and $1 billion in total value locked (TVL) for tokenized stocks, and that it will continue expanding infrastructure connecting traditional finance and blockchain.

Earlier this month, Ondo Finance expanded its tokenized securities offering on Solana by introducing 24/7 minting and redemption for select U.S. stocks and ETFs, with the rollout initially covering six assets: NVDAon, TSLAon, GOOGLon, SPYon, QQQon, and CRCLon. Ondo also introduced tokenized versions of BlackRock's iShares Core S&P 500 ETF and Micron shares in partnership with Broadridge, with the underlying securities remaining within the established U.S. custody system while corresponding tokens are issued on Ethereum and held by regulated custodians.

The move comes as tokenized equities gain momentum across both crypto and traditional finance, with Robinhood rolling out its own blockchain and expanding tokenized stocks beyond Europe, while the DTCC has expanded blockchain-based infrastructure and exchanges including Nasdaq and the NYSE have announced tokenization initiatives.

Sources:
Ondo Finance Official Press Release via PR Newswire
Crypto Times: Ondo's Oasis Pro Gets SEC, FINRA Nod for Tokenized Stocks
CoinDesk: Ondo Finance Debuts SEC-Aligned Tokenized Stock Model

THE STREET: Ondo Finance clears a major hurdle for tokenized stocks in U.S

Ondo Finance tokenized equities are now officially within reach for American retail and institutional investors. On July 23, 2026, Ondo Finance announced that Oasis Pro Markets, its SEC-registered broker-dealer subsidiary, has secured new FINRA authorizations to offer a broad range of Ondo Finance tokenized equities and funds to U.S. investors under full SEC and FINRA oversight.

What the Ondo’s Oasis Pro FINRA Authorization Actually Unlocks The new authorizations allow Oasis Pro Markets to offer U.S. investors market access to NMS equities, ETFs, mutual funds, index funds, and IPO securities.

Ondo Finance announced the development via its official X account. The settlement can happen in fiat or supported stablecoins, including directly between blockchain wallets.

Ondo Finance’s SEC-registered broker-dealer subsidiary, Oasis Pro Markets, has secured regulatory authorization to offer tokenized equities and funds to U.S. investors under SEC and FINRA oversight.

Hundreds of millions of Americans and tens of thousands of U.S. financial… pic.twitter.com/zz57NJcdEu

— Ondo Finance (@Ondo) July 23, 2026

The framework also supports omnibus account structures. That means existing broker-dealers and registered investment advisers can plug in directly, letting their clients access Ondo Finance tokenized equities without switching platforms. Retirement accounts are included too.

This builds directly on Ondo’s Oasis Pro acquisition, which brought SEC-registered broker-dealer, ATS, and transfer agent licenses under one roof.

Oasis Pro TA, the transfer agent arm, also enables on-chain cap table management, shareholder rights, and cross-asset collateral mobility.

Following its earlier tokenization of BlackRock’s IVV ETF and Micron shares entirely inside the U.S. regulatory perimeter, this FINRA authorization is the logical next step.

Ondo already leads the RWA tokenization space with more than $20 billion in cumulative volume and over $1 billion in TVL.

At the time of writing, ONDO is trading at $0.40, down 3.14% in the past 24 hours despite a 2.35% gain over the past seven days.

The token’s 24-hour trading volume stands at roughly $126.4 million, with a market cap of approximately $1.95 billion on a circulating supply of 4.9 billion ONDO.

Coingecko Ondo Price Why This Is a Turning Point for U.S. Tokenized Securities Until now, Ondo’s strongest traction was outside the U.S. The firm secured EU approvals, expanded across multiple chains, and even added BlackRock’s IBIT and Galaxy Digital offerings to its suite.

The U.S. market, however, remained largely out of reach due to regulatory friction.

That gap is now closing. With FINRA authorization in hand, Ondo can bring 24/7 trading, near-instant settlement, and fractional ownership to hundreds of millions of American investors, the same product set it already offers globally.

The regulatory path here matters too. The SEC closed its Ondo probe with no charges, a clearance that signaled confidence in the model.

SBI Group recently tapped Ondo for tokenization expansion, and Ondo’s tokenized STRC stock launch in May 2026 added further momentum.

Each regulatory milestone has reinforced the same thesis: Ondo is building the infrastructure layer for Wall Street to go onchain.

Stay updated with our crypto ICOs calendar featuring the most popular initial coin offerings.

Ondo Finance has secured FINRA authorizations covering tokenized NMS stocks, exchange-traded funds, mutual funds, index funds and IPO securities for U.S. investors.

Summary

Oasis Pro secured FINRA permissions for tokenized stocks, funds and IPO securities in the U.S. The framework supports stablecoin settlement and access through brokers, advisers and retirement accounts. ONDO faces resistance near $0.42 while holding above all four major moving averages. Ondo Finance announced on July 23 that its SEC-registered broker-dealer subsidiary, Oasis Pro Markets, had received the permissions needed to launch regulated tokenized securities services under SEC and FINRA oversight.

Ondo Finance’s SEC-registered broker-dealer subsidiary, Oasis Pro Markets, has secured regulatory authorization to offer tokenized equities and funds to U.S. investors under SEC and FINRA oversight.

Hundreds of millions of Americans and tens of thousands of U.S. financial… pic.twitter.com/zz57NJcdEu

— Ondo Finance (@Ondo) July 23, 2026 According to the company, the authorizations cover over-the-counter retail transactions, underwritten primary offerings, private placements and other securities activities. Oasis Pro Markets can also operate a venue where U.S. issuers conduct primary offerings and eligible retail and institutional investors trade the resulting assets in secondary markets.

The approved framework supports settlement in fiat currencies or selected stablecoins, including transfers made directly between blockchain wallets, Ondo said. Supported products include National Market System equities, ETFs, mutual funds, index funds and securities issued through initial public offerings.

Oasis Pro Markets may also use omnibus account structures, allowing broker-dealers and registered investment advisers to connect their existing systems. Ondo said the arrangement could give institutional clients, retail investors and retirement accounts access through their current financial providers, reducing the need to open accounts on a separate platform.

The company cautioned that FINRA membership and SEC registration do not guarantee compliance with every rule. Neither regulator has recommended the products, approved them as investments or verified Ondo’s announcement, according to the disclaimer accompanying the release.

Authorization opens regulated U.S. distribution Completed in October 2025, Ondo’s acquisition of Oasis Pro brought an SEC-registered broker-dealer, alternative trading system and transfer agent into the group. Oasis Pro Markets has been a FINRA member since 2020 and previously received authorization to settle digital securities using fiat, USDC and DAI, according to Ondo’s acquisition announcement.

Through Oasis Pro TA, the group can manage capitalization tables onchain while administering shareholder rights and transfers. Ondo said the transfer-agent unit also supports movement of collateral across asset types, giving the company regulated infrastructure for both issuing and servicing tokenized securities.

Earlier in July, Ondo introduced tokenized versions of BlackRock’s iShares Core S&P 500 ETF and Micron shares in partnership with Broadridge. Under the structure described by Ondo, the underlying securities remain within the established U.S. custody system while corresponding tokens are issued on Ethereum and held by regulated custodians.

The model follows a third-party custodial structure discussed by the SEC in January 2026. Ondo said each token is backed one-for-one by the underlying shares and carries the same shareholder rights and protections, including voting rights handled through Broadridge.

Before this U.S. rollout, Ondo Stocks mainly served eligible investors outside the country. The platform’s current terms still state that its existing Ondo Stocks tokens cannot be offered to U.S. persons unless they are registered or qualify for an exemption, meaning the new authorizations provide infrastructure for compliant U.S. services rather than automatically removing every product restriction.

Ondo reported in early 2026 that its tokenized products had exceeded $2.5 billion in total value locked, citing RWA.xyz and DefiLlama. At the time, the company said Ondo Stocks had generated more than $7 billion in cumulative trading volume across over 200 tokenized stocks, while its tokenized Treasury products accounted for about $2 billion in value.

Regulatory uncertainty had previously limited Ondo’s U.S. plans. In December 2025, the company reported that the SEC had closed a confidential, multi-year investigation without filing charges, although the closure did not amount to formal approval of Ondo’s products.

Ondo (ONDO) price traded near $0.40 at the time of analysis after falling roughly 3% over 24 hours, while its 7-day performance remained positive. Its market cap stood near $1.94 billion, based on a circulating supply of about 4.9 billion tokens, with daily volume above $130 million.

On the supplied Binance daily chart, ONDO rose as high as $0.4162 before retreating to about $0.398. The rejection places initial resistance between $0.416 and $0.42, where sellers interrupted the latest advance.

Ondo price daily chart — July 24 | Source: crypto.news Despite the pullback, the chart shows ONDO trading above its four displayed moving averages. The 20-day average stands near $0.343, followed by the 50-day at $0.3465, the 100-day at $0.3409 and the 200-day at $0.3156.

Aroon readings also favor the recent advance, with Aroon Up at 92.86% compared with Aroon Down at 35.71%. Based on the chart, a daily close above $0.42 would clear the latest swing high, while failure to hold $0.38 could expose the moving-average cluster between $0.341 and $0.347.

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

Table of contents

On July 16, this site set three markers for ONDO: $0.33 as validation, $0.40 as the test above it, and January 18, 2027 as the standing asterisk. On July 21 the token reached $0.389 and the assessment was updated to note the third marker was in progress. Today ONDO trades at $0.4034. The test is no longer approaching. It has arrived, and the token is sitting on the number, down 0.3% on the day, deciding.

ONDO trades at $0.4034 as of July 23, 2026, down 0.3% over 24 hours, per CoinGecko. It remains on CoinGecko’s trending list, having held its position there through a full week of gains.

The Unique Angle: the thesis is showing up in the listings, not the headlines The interesting development today is not on ONDO’s chart. It is two rows down the same dashboard.

CoinGecko‘s new coins section currently lists tokenized traditional-market instruments alongside the usual micro-cap launches: a tokenized CoreWeave equity product priced near $84.55, and a tokenized South Korea Bull 3X ETF product near $23.11. These are not crypto projects. They are conventional financial instruments, an AI infrastructure stock and a leveraged country ETF, arriving on a crypto data platform as tradeable tokens.

That observation matters more for ONDO’s thesis than any price move, because it is direct evidence of the category expanding without a press release. The tokenized real-world-asset argument has always rested on a claim about the future: that conventional instruments would migrate on-chain. When those instruments start appearing in the routine listings feed of a mainstream crypto dashboard, the claim stops being forward-looking and becomes observable.

The precise limits of that evidence require stating. New listings measure supply of products, not demand for them; a tokenized ETF appearing on a list says issuers are building, not that anyone is trading it at scale. It also does not accrue to ONDO specifically. Ondo is one issuer in a category that is becoming more crowded, and competitors arriving is exactly what a validated thesis looks like from the inside. The thesis winning and the token winning are two different outcomes, and this site has been explicit about that distinction on the Ondo prediction page.

The One Number That Matters $0.40. The level named seven days ago, reached today, unresolved.

The mechanics of round-number resistance apply with unusual clarity here because ONDO’s approach was orderly rather than parabolic: 17.4% on July 16, consolidation, 13.6% on July 21, then a flat session directly on the number. That sequence describes a market working toward a level rather than gapping through it, which historically requires more than one attempt to clear. A daily close above $0.40 on sustained volume satisfies the third and final marker from the July 16 assessment. A rejection here sends the token back toward the validated $0.33 support, and the two-week advance becomes a range rather than a trend.

Neither outcome would be a surprise. The purpose of naming a level in advance is that both answers are informative when it arrives.

Key Levels Resistance: $0.40, active now, then $0.50 as the next round-number reference with no recent trading history beneath it. Support: $0.33, validated on July 16 and untested since. The structure remains unusually clean, which is why level-based assessment works better on this token than on most mid-caps.

Supporting Context The standing asterisk has not moved. Approximately 1.94 billion ONDO, about 19.4% of total supply, unlock in a single cliff on January 18, 2027 per public vesting data, expanding the float by roughly 40% against a circulating supply near 4.9 billion. Nothing in this week’s price action changes that arithmetic, and any thesis extending past 2026 must absorb it. Our token unlock guide explains why the recipient of a cliff matters as much as its size.

The institutional record behind the token also remains as previously documented: tokenized US stocks structured on DTC-held securities, multi-chain 24/7 trading, roughly $700 million in tokenized equities with proxy voting, the Oasis Pro broker-dealer acquisition, and a 21Shares filing for an ONDO exchange-traded product. That record is the reason the token has a bid. The governance-only value capture, where holders vote but do not receive product yield, remains the reason it has a ceiling.

Bottom Line ONDO at $0.4034 is standing on the exact number this site named a week ago, and the next two daily closes settle a question that has been open since July 16. Above $0.40, all three markers are satisfied and the recovery extends toward $0.50. Below, the move retreats to a validated support and becomes a range. Meanwhile the category around the token keeps expanding in ways visible on the listings feed rather than in headlines, which is the more durable signal and the one that will still matter after this level resolves.

This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.

Frequently Asked Questions What is the Ondo price today? ONDO trades at $0.4034 as of July 23, 2026, down 0.3% over 24 hours, sitting directly on the $0.40 resistance level.

Why does $0.40 matter for ONDO? This site named $0.40 as the test above validated support at $0.33 on July 16. Round-number resistance typically requires more than one attempt to clear, so a daily close above it would confirm the two-week advance rather than cap it.

Can ONDO reach $0.50? $0.50 is the next round-number reference, roughly 24% above today's price, and it only comes into play after a confirmed close above $0.40. Without that, the level is not in the conversation.

Are tokenized stocks really launching on-chain? Tokenized equity and ETF products, including a CoreWeave equity token and a leveraged South Korea ETF token, currently appear on CoinGecko's new coins list. That shows issuers are building in the category, though listings alone do not indicate trading demand.

What is the ONDO unlock in 2027? Approximately 1.94 billion ONDO, about 19.4% of total supply, unlock in a single cliff on January 18, 2027, expanding the circulating float by roughly 40%.

Does ONDO pay yield from Ondo's tokenized Treasuries? No. ONDO is a governance token. Product yield flows to holders of the tokenized product tokens, not to ONDO holders, which is the central limitation on the investment case.

AUTHOR

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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

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Ondo price has climbed 27% from $0.32 on July 15 to an intraday high near $0.42 as institutional tokenization deals and a decisive chart breakout have strengthened bullish sentiment around the RWA-focused token.

Summary

ONDO price surged 27% from $0.32 as institutional tokenization deals and stronger network activity attracted buyers. A breakout from the descending channel has opened potential targets at $0.45 and $0.47. Liquidation clusters near $0.417 could fuel another short squeeze, while $0.39 remains the key support. According to data from crypto.news, Ondo (ONDO) price traded near $0.41 at press time, up about 2% on the day, with a market capitalization close to $2 billion. The token has outperformed Bitcoin and Ethereum over the past week as traders moved toward crypto projects tied to real-world financial infrastructure.

Recent interest followed Ondo Finance’s work with the Depository Trust & Clearing Corporation on a model for tokenizing securities held at the Depository Trust Company. Products linked to assets such as the SPDR S&P 500 ETF and Circle shares could use entitlements tied to securities held within existing custody systems, rather than stand-alone synthetic copies.

Ondo’s institutional case also includes a cross-border redemption completed with Mastercard, Kinexys by J.P. Morgan and Ripple. The transaction announced in May tested the redemption of tokenized U.S. Treasuries across two banking networks, giving investors another example of how regulated assets can move between blockchain and conventional payment systems.

Meanwhile, Ondo has expanded its tokenized-stock platform to more than 440 assets, while its website reports about $1.05 billion in value locked across those products. The company also introduced round-the-clock minting and redemption for tokenized stocks in June, reducing the dependence on U.S. market hours.

A separate agreement with Japan’s SBI Group added another source of demand for the RWA narrative. The companies plan to explore tokenized Japanese securities distributed through SBI’s network, with yen-based settlement through the JPYSC stablecoin.

Institutional deals have driven ONDO’s breakout Daily active addresses rose from 2,589 to around 3,300 on July 21 as the price approached $0.40, according to network data cited in the market analysis. The increase came alongside a sharp rise in trading volume, which helped ONDO break from a descending channel that had controlled price action since May.

Spot buying also pushed cumulative volume delta back above zero, while derivatives open interest rebounded from its recent low. Those moves show that fresh capital entered both markets during the advance, although the speed of the recovery also forced traders holding short positions to close contracts as ONDO crossed $0.39.

Investor sentiment has turned firmly positive after repeated failures below the same resistance. According to analyst Michaël van de Poppe, the token’s brief return to $0.34 created a successful retest before the latest push.

“I assume that, with this short retest at $0.34 and the fact that we’re having a test of this resistance so fast, it’s likely that we’ll continue to rally upwards.”

Van de Poppe placed $0.45 as the next likely objective and argued that strength in ONDO could also pull other RWA tokens higher. His view matches the latest spot structure, though the token must first absorb sellers between $0.41 and $0.42.

Macro conditions have also favored assets with clear institutional links. Bitcoin traded near $66,000, and Ethereum hovered around $1,930 as both assets registered limited daily gains, while investors assessed commodity volatility and the next round of central-bank decisions. ONDO’s 27% weekly advance has separated it from that subdued large-cap performance.

ONDO price must secure $0.42 before targeting $0.47 The daily chart shows ONDO breaking above the upper boundary of its multimonth descending channel after several failed attempts. Based on the height of the channel, the measured move places the main bullish target near $0.472, an area that also served as resistance during May.

Ondo price daily chart has broken out of a descending channel pattern on the daily chart — July 22 | Source: crypto.news Momentum supports the advance but leaves little room for a weak close. The daily relative strength index has reached 69.18, just below the conventional overbought threshold of 70, while its average remains at 53.89. The MACD line has risen to 0.0130 above the 0.0044 signal line, and the positive histogram has expanded to 0.0086.

On the 4-hour chart, ONDO has moved above the Murray Math ultimate resistance at $0.3906 and the $0.4028 overbought level. Price has now entered the band between $0.4028 and $0.4150, where traders may take profits after the rapid advance. The next extension sits at $0.4272 if buyers secure a 4-hour close above $0.415.

Ondo price 4-hour chart — July 22 | Source: crypto.news Cash flow remains supportive, with the 4-hour Chaikin Money Flow reading at 0.28. A positive value of that size confirms that buying volume has outweighed selling volume during the breakout, though a drop below $0.3906 would weaken the immediate setup. Lower supports sit at $0.3784 and $0.3662.

CoinGlass’ 24-hour liquidation heatmap places the largest nearby leverage pool around $0.416–$0.417, just above the current price. A push through that cluster could liquidate additional short positions and carry ONDO toward $0.42. Below the market, leveraged positions are concentrated near $0.393–$0.390, with another dense pocket around $0.389.

Ondo liquidation heatmap | Source: CoinGlass A daily close above $0.42 would open the route toward $0.45 and the channel target at $0.472. Rejection from the current resistance could send ONDO back toward $0.39, while loss of that level would expose $0.378 and delay the bullish continuation.

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

PANews, July 22 – According to SoSoValue data, crypto market sectors maintained an upward trend, Bitcoin (BTC) rose 1.83%, briefly nearing $67,000; Ethereum (ETH) rose 1.38%, breaking above $1,900. Meanwhile, SocialFi and RWA sectors performed prominently, up 6.15% and 5.85% in 24 hours respectively. Within the SocialFi sector, Gram (GRAM) rose 6.89%; within the RWA sector, Ondo Finance (ONDO) rose 11.68%, Centrifuge (CFG) rose 6.25%, Plume (PLUME) and RE rose 8.20% and 12.04% respectively.

In other sectors, the PayFi sector rose 2.24% in 24 hours, with Monero (XMR) up 6.24%; the Meme sector rose 0.80%, with SPX6900 (SPX) up 4.94%; the Layer2 sector rose 0.62%, with Optimism (OP) up 5.02%; the Layer1 sector rose 0.33%, with Hedera (HBAR) up 4.87%; the CeFi sector rose 0.32%, with Bitget Token (BGB) up 2.53%.

Additionally, the DeFi sector fell 2.54%, but ZeroLend (ZERO) bucked the trend and surged 50.73%.

Ondo Finance, a blockchain-based platform focused on tokenized financial products, has confirmed a bullish breakout for its native token ONDO, pointing to renewed momentum and a more optimistic recovery outlook. Alongside the price surge, the platform has expanded its product offerings by introducing tokenized stock collateral for perpetual futures, aiming to enhance both capital efficiency and trading flexibility.

ONDO price surges, bullish reversal signalAt the time of reporting, ONDO is trading at $0.3966. The token has seen a 12.29% gain in the past 24 hours. Trading volumes reached $244.48 million, while ONDO maintains a market capitalization of $1.93 billion.

Crypto analyst The Boss has identified a completed descending wedge pattern on ONDO’s chart, signaling the end of a prolonged correction. The breakout from this pattern has validated technical expectations, with buyers regaining control and reversing recent downtrends.

Following the confirmation of this breakout, ONDO is positioned to challenge key resistance at $0.48, where heightened sell pressure is likely to emerge as bulls attempt to maintain the current positive momentum.

Analysts see the newly regained support area as a critical pivot for ONDO. As long as the price stays above this level, the bullish structure is expected to hold. If buying interest remains strong, ONDO may continue to climb towards higher resistance points.

MetricCurrent ValueONDO Price$0.396624h Trading Volume$244.48 millionMarket Cap$1.93 billion24h Price Change+12.29%Resistance Target$0.48Tokenized stock collateral available on Ondo PerpsOndo expanded its ecosystem by launching tokenized stock collateral for perpetual futures trading on its platform, known as Ondo Perps. This feature enables traders to use tokenized versions of stocks, such as SPYon and QQQon, as collateral for leveraged trading positions while maintaining exposure to the underlying equities.

With this integration, users can avoid converting stocks into stablecoins and directly utilize their tokenized equities as margin in one blockchain network, offering leverage up to 20 times. This development aims to streamline trading and improve users’ capital allocation options.

Mini dictionary: Perpetual futures (“perps”) are derivative contracts that allow traders to speculate on the price direction of an asset without an expiry date. They are widely used in crypto trading for leverage and hedging strategies.

Trading volumes on Ondo Perps have now surpassed $3.8 billion, reflecting increasing adoption as traders seek improved liquidity and margin efficiency through tokenized collateral. Ondo’s team claims this approach will boost liquidity and broaden prime brokerage capabilities within its on-chain ecosystem.

“Tokenized stock collateral is now live for all users, starting with SPYon and QQQon. Trading activity on Ondo Perps has already accelerated as participants leverage these products for more efficient portfolio strategies,” the company reported.

Market outlook remains positiveONDO’s recent price movement follows bullish activity across the broader crypto market, supported by upward momentum in Bitcoin. The combination of a technical breakout and heightened interest in product innovation continues to support ONDO’s recovery trajectory.

If the token holds above the key breakout level, traders may attempt to bring ONDO higher, aiming for the $0.48 resistance in the near term. A successful move past this level could further reinforce the bullish trend for ONDO, while failure to maintain recent gains could trigger a period of price consolidation.

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.

Ondo Stocks holders can now back perpetual futures positions with SPYon and QQQon, subject to an initial $100,000 per-asset notional cap.

Ondo Finance said it has deployed its tokenized stocks as collateral on OndoPerps, a perpetual futures venue, starting with SPYon and QQQon, in a post published Monday on X.

The OndoPerps account said tokenized stock collateral is "live" and "now available for all users," letting Ondo Stocks back perpetual futures positions. SPYon and QQQon are tokenized versions of exchange-traded funds tracking the S&P 500 and the Nasdaq-100.

Ondo Stocks are tokenized stocks, ETFs and ADRs that give holders economic exposure to underlying assets but are not themselves those securities, and the tokens are issued by Ondo Global Markets (BVI) Limited.

The feature lets traders post those tokens as margin rather than converting to stablecoins or selling other holdings. OndoPerps said an initial $100,000 per-asset notional cap applies and will be expanded, and that more Ondo Stocks will be added as eligible collateral over time.

OndoPerps said trading volume on the platform "has accelerated past $3.8 billion," and that it offers up to 20x leverage and 24/7/365 operations. The Defiant could not independently verify the volume figure, which comes from the platform itself.

The venue carries jurisdictional limits. Disclosures attached to the OndoPerps post state the platform is made available by Ondo Global Panama Inc. and that access is prohibited for US persons. The perpetual futures contracts have not been registered under the US Securities Act of 1933, and the Ondo Stocks tokens are similarly unregistered under U.S. securities laws.

The move extends Ondo's tokenized-equity catalog from mint-and-redeem assets into a margin use case. The company previously expanded its tokenized stock and ETF lineup past 430 assets across three chains.

Ondo framed the collateral launch as part of a "productive capital thesis" and described the current trading and margining infrastructure as "just the beginning of a broader prime brokerage layer for the Ondo ecosystem." Those forward statements describe the company's stated plans rather than shipped features.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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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.

ONDO, the native token of Ondo Finance, climbed over 17% after the company connected its real-world asset products with the Depository Trust & Clearing Corporation (DTCC), a leading US securities settlement and post-trade infrastructure provider. The token jumped from around $0.34 to nearly $0.39, marking a notable increase and extending gains for the week as investor interest returned to projects bridging traditional finance and blockchain technology.

DTCC integration supports tokenized stock rolloutOndo Finance reported that its CRCLon and SPYon products now link with tokenized entitlements issued via DTCC’s Tokenization Service. These tokenized instruments represent Circle shares and the SPDR S&P 500 ETF, offering investors a bridge between digital assets and established financial markets. According to DTCC, tokenized assets issued within its framework retain the same rights and protections as conventional securities, providing institutions with the familiar standards for custody, ownership, and settlement.

The integration ensures that tokenized stocks supported by Ondo carry CUSIP identifiers and established market symbols, making them easier for institutions to adopt within their existing workflows. DTCC plans a wider rollout of this Tokenization Service in October 2026, following a limited launch involving more than 50 institutional participants.

Santiment Intelligence pointed out the momentum:

ONDO jumped approximately 18% with its tokenized stock launch, and unlike most catalyst-driven moves, the on-chain activity is following. The token rose from about $0.31 to $0.37 between July 14 and 16 after launching DTCC-backed tokenized stock representations and a new partnership with SBI.

The connection with DTCC places Ondo’s products alongside systems trusted by major banks, asset managers, and trading venues. However, analysts note that connecting tokenized securities to robust settlement infrastructure does not directly translate into immediate institutional demand for the ONDO token itself.

Mini dictionary: DTCC (Depository Trust & Clearing Corporation), a US-based institution, provides clearing, settlement, and information services for financial markets, processing trillions of dollars in transactions each year and playing a fundamental role in global securities infrastructure.

Expanding distribution, onchain integrationOndo Finance, a platform focused on tokenizing real-world assets, is also broadening its market presence with the launch of Robinhood Chain in July. Powered by Arbitrum, this new integration allows Robinhood users to access stock tokens and decentralized finance products, potentially increasing market exposure to tokenized equities.

In May, Ondo collaborated with Kinexys, Mastercard, and Ripple to complete a cross-border Treasury redemption pilot. The process saw Ondo conduct the asset tokenization and redemption while traditional banking partners managed fiat settlements, demonstrating a practical link between public blockchains and mainstream financial payment systems.

The company’s perpetual derivatives platform, Ondo Perps, reported over $1 billion in trading volume in the span of seven days and surpassed $3 billion in cumulative activity. This growth reflects increased market interest in RWA-linked derivatives products.

Key resistance and support levels for ONDOONDO’s price has surged past short and medium-term exponential moving averages, including the 20-day, 50-day, and 100-day EMAs, which cluster around the $0.339 to $0.345 range. The token also moved above the 200-day EMA at $0.376, shifting the technical outlook in favor of buyers.

LevelValue/RangeSignificanceSupport$0.37 – $0.38Breakout holding zoneResistance$0.39 – $0.40Near-term cap, requires breakoutTarget$0.43 – $0.45Previous May highsMajor Resistance$0.48, $0.70Longer-term challenge levelsA firm close above $0.40 could pave the way for a move toward May highs near $0.43 to $0.45, with additional resistance further up at $0.48 and $0.70. However, with the four-hour Relative Strength Index (RSI) touching 75, the market now appears overbought, which raises the risk of short-term consolidation or a pullback.

First support now appears at $0.37 to $0.38. If ONDO holds this range, the breakout structure stays intact. A drop below $0.37 could lead to further declines toward the dense support zone near $0.34, where multiple moving averages converge.

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.

Tokenized Equity Enters the Derivatives Market@OndoFinance has taken a notable step in merging traditional finance with on-chain derivatives, enabling $SPYon and $QQQon to be used as productive collateral on the @OndoPerps platform. The move allows traders to back leveraged perpetual positions with tokenized equity instruments rather than holding idle stablecoins as margin.

The practical benefit is straightforward. Instead of selling tokenized stocks to free up liquidity, users can keep exposure to their holdings while simultaneously opening leveraged perpetual positions. For instance, a holder of tokenized Tesla can open a leveraged Nvidia position without selling, while the underlying collateral continues tracking the stock's total return, including dividends.

Platform Scale and AccessThe platform offers 24/7 perpetual contracts on stocks, ETFs, and commodities with up to 20x leverage for non-restricted users. Supported contracts include assets tied to oil, gold, Apple, Tesla, and other traditional financial products. Trading volume on OndoPerps has accelerated past $3.8 billion as the protocol builds out its global partner network.

Ondo Perps operates from Panama and follows non-U.S. distribution rules. Users in the U.S., Panama, and other prohibited jurisdictions cannot access the platform.

The launch builds on a significant underlying asset base. Ondo Global Markets crossed $1 billion in TVL on May 11, 2026, with cumulative trading volume passing $18 billion. The platform now offers more than 260 tokenized U.S. stocks and ETFs. Ondo currently holds more than 70% of the tokenized equities market, according to RWA.xyz data.

The launch marks a shift of tokenized stocks from on-chain exposure into margin assets for leveraged trading, giving Ondo Finance a clearer path into RWA perps where collateral quality can shape liquidity. The announcement reflects a broader trend across decentralized finance, where tokenized assets are increasingly integrated into trading, lending, and collateral management. As institutions continue experimenting with blockchain-based securities, platforms are looking for ways to improve capital efficiency without relying on traditional market hours.

Sources:
KuCoin: Ondo Finance Launches Tokenized Stock Collateral for Perpetual Futures Trading
Genfinity: Ondo Perps Goes Live With Tokenized Stock Collateral, 20x Leverage, and $3M in Pre-Alpha Rewards
The Coin Republic: Ondo Finance Tests Tokenized Stocks as Collateral for Perps

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’s native token ONDO is exhibiting robust signs of long-term recovery, as trading activity and analyst sentiment point to renewed bullish momentum. The project recently crossed a notable threshold in perpetual trading volume, reflecting rapidly growing interest in tokenized real-world assets within decentralized finance.

ONDO price performance and key resistance levelsONDO is currently priced at $0.3576, reporting a 24-hour gain of 2.52%. The token’s market capitalization now stands at $1.74 billion, supported by a daily trading volume of $91.34 million. This upward momentum follows a period of extended correction and base formation.

Crypto analyst noncler characterized ONDO’s structure as one of the most resilient recoveries on higher timeframes, noting that buyers have consistently supported the token in its accumulation zone. The analyst identified $0.48 as the immediate resistance level, and stressed that a successful breakout above this price could solidify bullish momentum while raising prospects for a sustained recovery.

After defending the accumulation zone, analysts see $0.48 as a pivotal resistance, with a clear breakout potentially confirming ongoing bullish sentiment and paving the way for further gains.

Beyond $0.48, $0.70 emerges as the next significant barrier, previously serving as an important support and signaling additional positive traction if reclaimed.

The projected target for ONDO stands at its previous all-time high around $1.16, which would constitute a 470% increase from current levels if achieved.

Price LevelSignificance$0.48Key resistance, confirmation of bullish momentum if reclaimed$0.70Former support, secondary bullish signal above this level$1.16Previous all-time high, up 470% from current pricePerpetual trading volumes and real-world asset demandOndo’s perpetual trading platform, Ondo Perps, has surpassed $1 billion in trading volume over the past seven days, with the overall volume exceeding $3 billion. These figures highlight the rapid expansion of the decentralized perpetual trading market fueled by ONDO’s real-world asset (RWA) products.

The uptick in trading activity underscores the mounting industry demand for tokenized RWA instruments and confirms ONDO’s rising profile within decentralized finance markets.

Mini dictionary: Real-world asset (RWA) tokens, blockchain-based tokens that represent ownership in assets such as stocks, bonds, real estate, or commodities, facilitating their trading on decentralized platforms.

Increasing volumes in Ondo Perps indicate more market liquidity and user engagement, pointing to ONDO’s vital role in driving market trends among investors seeking exposure to blockchain-based financial tools.

Market sentiment and broader contextAnalyst forecasts and stronger trading data have coincided with broader optimism across the crypto market. A resurgence in Bitcoin’s price action has positively impacted sentiment in the altcoin sector, benefiting tokens like ONDO.

Founded as a protocol specializing in tokenized real-world assets, Ondo Finance facilitates the access and trading of tangible assets on public blockchains. Its rapid growth in trading metrics and bullish price action suggest that participants are increasingly embracing the project’s DeFi products and vision.

Strong trading volume in Ondo Perps has reinforced the perception that real-world asset tokens are attracting more participants and playing a pivotal role as decentralized finance markets expand.

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.

@Grayscale is lending its institutional credibility to @Ripple's pitch for the XRP Ledger and its stablecoin, RLUSD. The asset manager recently sat down with Jack McDonald, Ripple's Senior Vice President of Stablecoins, to lay out the case for $XRP and RLUSD adoption among financial institutions.

The Institutional Case for XRPL The conversation, led by Grayscale Research's Charlie Perkins, covered Ripple's long-standing focus on building infrastructure for banks and payment providers. McDonald framed the company's mission simply: Ripple's long-term strategy has remained focused on building institutional-grade infrastructure that enables banks, payment providers, and enterprises to move value more efficiently across the globe.

Within that framework, RLUSD and $XRP serve distinct but complementary roles. RLUSD provides a regulated, US dollar-backed stablecoin for payments, treasury management, decentralized finance, and tokenized asset settlement, while XRP functions as a bridge asset that delivers instant liquidity and near-instant cross-border settlement. Ripple launched RLUSD in December 2024 under a charter from the New York State Department of Financial Services.

A Landmark Pilot with Mastercard, JPMorgan, and Ondo Finance Central to the Grayscale pitch is a May 2026 pilot that put XRPL's institutional credentials on public display. Ondo Finance announced the successful completion of the first near real-time cross-border, cross-bank redemption of a tokenized US Treasury fund, conducted in collaboration with Kinexys by J.P. Morgan, Mastercard, and Ripple.

The mechanics were straightforward but significant. Ripple redeemed part of its OUSG holding on the XRP Ledger. The redemption triggered an instruction through Mastercard's Multi-Token Network to Kinexys, which debited Ondo's blockchain deposit account at JPMorgan and wired the equivalent dollars to Ripple's bank in Singapore. The redemption cleared on XRPL in under five seconds, completing a settlement flow that typically takes correspondent banks one to three business days.

The actual settlement ran on RLUSD, with a fraction of XRP used as the network fee, because Ondo's OUSG was built to use RLUSD as the settlement asset on XRPL since June 2025. That distinction matters for institutions: RLUSD's regulatory backing and price stability make it the practical choice for large-scale compliance-sensitive transactions.

By framing this as a Grayscale-endorsed narrative, the message is aimed squarely at institutional allocators rather than retail markets. The pilot demonstrated that public blockchain infrastructure and global interbank rails can operate as a single integrated flow, a proof of concept that gives traditional finance a concrete reason to engage with XRPL.

Sources:
Ondo, Kinexys by J.P. Morgan, Mastercard, and Ripple: Official Press Release (PR Newswire)
Ripple's Enterprise-First Strategy: Jack McDonald on Mastercard and JPMorgan (CoinPaper)
Ripple, JPMorgan settle first cross-border tokenized Treasury redemption on XRP Ledger (CoinDesk)

Tokenized stocks just crossed a threshold that would have seemed ambitious two years ago. The sector hit a record market cap of $2.3 billion around mid-July 2026, according to data from Token Terminal, nearly doubling since March 2026 when the total first cleared $1 billion.

Who’s building it and where it lives Ethereum leads the chain-level race with 34% of tokenized stock market share, followed closely by BNB Chain at 30% and Solana at 23%.

On the issuer side, Ondo Finance sits at the top with $955 million in onchain equities, making it by far the largest single player in the space. Kraken’s xStocks product holds $507 million, and Binance’s bStocks rounds out the top three at $334 million.

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Kraken’s xStocks launched in April 2025, and cumulative trading volume on the platform exceeded $25 billion within eight months of launch.

Solana’s tokenized stock market cap reached $539 million by June 2026, and trading volumes on the network saw a sixfold increase totaling $4.9 billion in the first half of 2026 compared to the second half of 2025.

Why this is bigger than the numbers suggest Tokenized stocks currently represent about 5.5% of the overall tokenized real-world asset market.

The core value proposition here is access. Tokenized stocks enable fractional ownership, run on blockchains that operate around the clock, and are accessible to non-U.S. investors who historically faced the highest barriers.

NYSE’s partnership with Securitize is working to expand tokenized equity offerings and enable 24/7 trading, which would be a structural change from the current model of market hours constrained by exchange operating times.

What this means for investors Liquidity is improving as platforms scale, but it is still nowhere near the depth of conventional exchanges. Ondo Finance, Kraken, and Binance each have different structures for how underlying shares are held, custodied, and redeemable, and those structural differences carry different risk profiles.

Ondo Finance’s lead comes partly from its integration with DeFi protocols, meaning tokenized stocks can be used as collateral, lent out, or traded in automated markets, not just held.

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

Monica Long, President of Ripple, has received a place on the Stablecon’s Most Influential 2026 list, showcasing her growing prominence in the stablecoin sector. Ripple, known for providing blockchain solutions for payments and enterprise finance, has continued to solidify its role as a major player in digital assets and stablecoins under Long’s leadership.

Stablecon’s annual recognitionStablecon, an organization specializing in stablecoin research and industry analysis, compiles its annual list to highlight the year’s most prominent leaders across the stablecoin ecosystem. The Most Influential 2026 list focuses on various categories, including Issuer & Protocol Leaders and Top Women in Stablecoins, acknowledging contributions from founders, executives, and key decision-makers.

This year, Stablecon selected honorees based on ecosystem influence, broad impact, innovation, market momentum, and peer recognition. The organization recognized Monica Long for making significant strides both as an issuer and protocol leader, and as a female executive shaping the stablecoin landscape.

In the Issuer & Protocol Leaders category, Long appeared alongside senior executives from firms such as Paxos, Ondo Finance, Frax Finance, Custodia Bank, Anchorage Digital, and Monerium. These companies play central roles in stablecoin development, issuance, and digital asset infrastructure.

Long was also included in the Top Women in Stablecoins category. She was one of only two Ripple-associated executives to receive this recognition as a standout female leader in the industry.

Stablecon evaluates candidates for their annual list using five main criteria: ecosystem influence, measurable impact and reach, innovation in products and markets, recent momentum, and the degree of recognition from peers within the industry.

CategoryHonoreeAffiliationIssuer & Protocol LeadersMonica LongRippleIssuer & Protocol LeadersExecutivesPaxos, Ondo Finance, Frax Finance, Custodia Bank, Anchorage Digital, MoneriumTop Women in StablecoinsMonica LongRippleRLUSD in spotlight as Ripple expands adoptionRipple has placed particular emphasis on RLUSD, its native stablecoin, as a strategic pillar in the company’s growth and technology stack. The company has aimed to position RLUSD as a reliable digital currency for global payments and enterprise transactions.

Monica Long has been central to Ripple’s efforts to expand RLUSD’s use cases and market reach. As president, she has led initiatives focused on adoption for real-world payments, aiming to strengthen Ripple’s foothold in the competitive stablecoin environment.

Stablecoins, like RLUSD, offer value stability by pegging their worth to traditional assets, typically fiat currencies such as the US dollar. This stability differentiates them from other cryptocurrencies such as Bitcoin, whose prices can fluctuate widely.

Mini dictionary: RLUSD, also known as Ripple USD, is Ripple’s own stablecoin pegged to the US dollar, developed to facilitate fast and secure cross-border transactions.

Ripple’s push for broader RLUSD adoption reflects the company’s long-term vision of integrating stablecoins into mainstream financial systems. Industry observers have noted Ripple’s focus on developing blockchain-powered financial solutions, driven by its leadership team’s commitment to innovation and market growth.

Monica Long’s dual recognition in Issuer & Protocol Leaders and Top Women in Stablecoins comes as Ripple intensifies its efforts to advance digital finance through RLUSD and collaborative industry partnerships.

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.

According to monitoring by crypto analytics account Ai Yi, an address linked to the Ondo team transferred 26.05 million ONDO tokens to Coinbase, worth approximately $9.79 million. The address received 150 million ONDO from the Ondo team’s multi-sig address on June 23, held the tokens for nearly a month, and transferred a portion to Coinbase 11 hours ago. The operation follows a similar pattern to prior moves: team address transfer → address holding → transfer to exchange platform, though the specific purpose of this action remains unclear.

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SBI announced three major crypto and blockchain moves this week, including partnerships with Solana and Ondon Finance. (Chris 73/Wikimedia Commons)Summary

Japan’s SBI Group acquired a majority stake in Singapore-based crypto platform Coinhako as part of a broader push to build a global digital asset corridor across Asia.The company is expanding its digital asset footprint through partnerships with Ondo Finance and the Solana Foundation to tokenize real-world assets and develop yen-based on-chain settlement using its JPYSC stablecoin, though JPYSC cannot yet be moved to external wallets.Recent deals, including the planned purchase of Tokyo exchange Bitbank and investments in EDX Markets and Gauntlet, reflect SBI’s long-term strategy to control the full digital asset value chain rather than chase short-term crypto market cycles.SBI Group acquired a majority stake in Singapore-based crypto platform Coinhako, the Japanese financial services conglomerate said on Friday. Coinhako holds a Major Payment Institution license from the Monetary Authority of Singapore (MAS) and operates in Singapore, SBI said.

"The SBI Group seeks to establish a global corridor for digital assets by connecting exchanges worldwide," Yoshitaka Kitao, CEO of SBI Holdings, Japan’s largest online securities firm with more than 14 million users and $308 billion in assets under custody.

The acquisition follows SBI teaming up with Ondo Finance on Thursday to tokenize Japanese equities and other assets using its JPYSC stablecoin for settlement.

The company's regional expansion is also backed by a new partnership with the Solana Foundation. Under the agreement, the foundation will take an equity stake in SBI R3 Japan, which will be renamed SBI Solana Global. The new entity will focus on issuing stablecoins and on tokenizing real-world assets, such as corporate bonds and real estate.

The company said the strategy is intended to connect traditional financial markets with blockchain-based infrastructure.

“SBI is the first financial group in Asia to go after the entire digital asset value chain at once, from issuance and settlement through trading infrastructure, asset management and retail distribution, and to do it across the region rather than only at home,” Joseph Goh, director and head of Asia Pacific at crypto investment banking and advisory firm Areta, told CoinDesk.

“The real prize is the yen side of onchain settlement, one of the most strategic positions in Asian finance over the coming decade, and that is exactly what SBI is building toward,” he added.

One technical limitation remains. JPYSC does not yet support withdrawals to external wallets.

"Regarding JPYSC, its use is currently limited to accounts within SBI VC Trade, and it does not yet support withdrawals to external wallets or remittances and settlements via public blockchains," the spokesperson said.

For now, that limits JPYSC's use outside SBI's own platform. Investors cannot yet move the stablecoin to external wallets or use it to settle transactions across public blockchains.

Sota Watanabe, CEO of Startale Group, which works with SBI Holdings on JPYSC, said the company's continued investment in digital assets reflects what he sees as growing institutional confidence in blockchain infrastructure.

"SBI Holdings' continued commitment to digital assets likely signals confidence in the future architecture of global finance," Watanabe told CoinDesk.

He said blockchain is increasingly being viewed as financial infrastructure rather than an emerging technology, adding that Japan is well-positioned to lead the sector due to its regulatory framework and financial institutions.

SBI expansionSBI agreed to buy Tokyo-based cryptocurrency exchange Bitbank for around $289 million in June. The acquisition is expected to close in October, subject to regulatory approval. SBI previously acquired crypto exchange Bitpoint in 2022. The firm also led a $76 million Series C funding round for institutional exchange EDX Markets and a $25 million Series C round for crypto risk manager Gauntlet, the spokesperson said.

SBI said these investments are part of its effort to build an end-to-end digital asset business spanning exchanges, tokenization, stablecoins and blockchain infrastructure across Asia.

The company said its investment strategy is based on long-term infrastructure development rather than short-term crypto market cycles.

"In light of the expansion of cryptocurrency ETFs in the United States, as institutional investor participation raises liquidity, market credibility, and risk management standards, we expect that retail participation will also expand, and both will develop in a mutually complementary manner," the spokesperson said.

The spokesperson said the company's investments and expansion are not driven by short-term market sentiment.

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SBI Group, a major Japanese financial conglomerate and long-standing Ripple partner, has announced a strategic partnership with Ondo Finance to introduce tokenized Japanese equities for both domestic and international markets.

Strategic partnership taps blockchain for Japanese equitiesUnder the new agreement, Ondo Finance, recognized for its expertise in tokenizing real-world assets, plans to issue digital representations of Japanese stocks through its affiliate, Ondo Global Markets (BVI) Limited. SBI Group will leverage its extensive financial network in Japan to distribute these tokenized equity products, aiming to provide broader access to one of the world’s largest capital markets.

A key element of the collaboration is the use of SBI’s JPYSC stablecoin for settlement and as collateral within the platform. This approach enables blockchain-based trading of Japanese equities, connecting traditional markets with the expanding global ecosystem of tokenized assets.

Both companies emphasized that the partnership will involve wider cooperation beyond mere distribution. They have agreed to promote each other’s products and services, seeking to accelerate institutional and retail adoption of tokenized financial instruments in and outside Japan.

Ian De Bode, CEO of Ondo Finance, highlighted Japan’s advanced capital markets and pointed to SBI’s reach as instrumental in bringing Japanese assets onchain for both domestic and international investors.

De Bode described the alliance as a way to bridge Japan’s sophisticated finance sector with the global tokenized economy, while enabling blockchain-based yen settlements.

Mini dictionary: SBI Group is one of Japan’s largest financial services companies, involved in banking, securities, asset management, and fintech solutions.

SBI-Ripple ties boost the tokenization landscapeThis partnership comes immediately after another milestone for Ondo Finance. In the previous month, the XRP Ledger (XRPL) surpassed Ethereum and Solana to become the leading blockchain for Ondo’s tokenized U.S. Treasury fund, hosting approximately $274 million in on-chain assets. This development marks a significant step in establishing XRPL as a preferred network for institutional-grade tokenized products.

Ripple is not directly involved in the latest SBI-Ondo initiative. However, the move draws attention due to SBI Group’s influential relationship with Ripple, which began in 2016. SBI is now among Ripple’s largest shareholders and one of the main proponents of XRP and blockchain adoption throughout Asia.

The two companies established SBI Ripple Asia, facilitating modernization of cross-border payments for regional banks and supporting broader enterprise integration of blockchain technology through the XRP ecosystem.

SBI Group’s involvement in digital asset initiatives extends into regulated exchanges, asset custody, and the creation of stablecoins. Recently, SBI VC Trade became the first regulated entity in Japan to support Ripple’s RLUSD stablecoin, underscoring its commitment to Ripple’s ecosystem.

As blockchain-based tokenization changes the global financial landscape, SBI’s alliance with Ondo Finance enhances its leadership in this emerging sector. The collaboration also expands the institutional ecosystem around the XRP Ledger, highlighting its rising prominence in the growing market for tokenized real-world assets.

Beyond digital equities, SBI’s expanded tokenization strategy positions it strongly within next-generation blockchain finance and reinforces the XRPL’s role as a core infrastructure provider for asset tokenization.

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.

Ondo Finance and SBI Group announced a strategic partnership on July 16 to tokenize Japanese equities and distribute Ondo's tokenized products through SBI's financial services ecosystem. The deal pairs the world's largest tokenizer of stocks with one of Japan's largest financial conglomerates, extending SBI's broader push to build tokenized capital markets infrastructure.

Under the partnership, Ondo will tokenize Japanese stocks and distribute them through SBI Group's channels. Settlement will occur in JPYSC, SBI's yen-denominated stablecoin regulated under Japanese law. The partnership also includes cross-promotion and distribution of Ondo's existing tokenized products – which currently focus on US equities and fixed income – to SBI's customer base.

This matters because it connects two specialized parts of the tokenization ecosystem. Ondo has built a track record tokenizing US stocks and treasury securities on Solana and other chains. SBI has built the Japanese institutional infrastructure – JPYSC stablecoin, regulatory relationships with Japanese financial authorities, distribution through a major financial conglomerate, and previous partnerships with DigiFT and Startale to build tokenized capital markets infrastructure.

Ondo and SBI's announcement comes one day after Ondo Finance announced a collaboration with the DTCC to tokenize US equities based on DTC-held securities, and within a week of SBI-DigiFT's JX equity fund launch, the SBI-DigiFT-Startale JPYSC settlement proof-of-concept, and the US-UK tokenization roadmap. The pattern shows capital markets tokenization accelerating across multiple geographies and moving from concepts to actual product distribution.

From SBI's perspective, this is part of a coherent strategy. The company has been consolidating tokenization assets – majority stakes in Osaka Digital Exchange, a $50 million investment in Startale, partnerships with DigiFT, now Ondo. The thread connecting them is building a full stack for institutional tokenized capital markets. You need a regulated tokenizer of real assets (Ondo), a regulated distribution and trading platform (DigiFT, Osaka Digital Exchange), on-chain settlement infrastructure (JPYSC via Startale), and regulatory relationships (SBI's bank subsidiary status and relationships with Japanese authorities).

From Ondo's perspective, the partnership gives access to a major institutional distribution channel and a yen-settled ecosystem. Ondo has focused on US assets and English-speaking markets. Japanese equities require local regulatory relationships, institutional distribution, and local currency settlement – precisely what SBI provides.

The partnership does not specify which Japanese equities will be tokenized first, or what the regulatory structure will be for non-Japanese investors accessing them. Those details matter considerably. But the structure suggests both parties are serious about institutional implementation, not just research partnerships or proofs-of-concept. The partnership is described as bringing assets "onchain" for distribution through "the SBI Group ecosystem" – language that suggests actual product launches, not extended pilots.

ONDO token jumped 15% on the announcement, reflecting market recognition that Ondo has secured a major institutional partnership. Whether that translates to material revenue and trading volumes depends on execution – which assets SBI chooses to tokenize, how quickly they launch, and whether institutional investors in Japan actually migrate capital to on-chain versions of familiar equities.

Ondo Finance just locked arms with one of Japan’s most powerful financial conglomerates. The tokenization protocol announced a strategic partnership with SBI Group to bring Japanese equities onchain, with settlements handled through SBI’s yen-denominated JPYSC stablecoin.

The market noticed. ONDO tokens jumped roughly 15-17% within 24 hours of the announcement, pushing the price to around $0.39 and the circulating market cap to approximately $1.89B.

What the deal actually looks like Here’s the structure: tokenized Japanese assets will be issued through Ondo Global Markets (BVI) Limited, then distributed via SBI’s sprawling financial ecosystem. SBI Group manages more than $250B in assets, making it one of the largest financial holding companies in Asia.

The JPYSC stablecoin, SBI’s yen-backed token issued under Japan’s stablecoin regulatory framework, will serve as both the settlement currency and onchain collateral.

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SBI Chairman Yoshitaka Kitao called Ondo a “key strategic partner,” while Ondo CEO Ian De Bode described Japan as a “sophisticated market.” The partnership is better understood as a path to market rather than a finished product rolling off the assembly line.

Why Japan, why now SBI has been at the center of Japan’s regulatory evolution. The conglomerate has invested heavily in blockchain infrastructure for years, including its JPYSC stablecoin issuance program that operates within Japan’s existing stablecoin regulations.

For Ondo, the protocol has positioned itself as the largest tokenizer of stocks globally, with existing partnerships that include BlackRock. Adding Japanese equities to its catalog through SBI’s distribution channels opens access to one of the world’s deepest capital markets. Japan’s equity market is the third largest globally by market capitalization, trailing only the US and China.

The cross-border angle matters too. Tokenized Japanese assets distributed through Ondo’s infrastructure could be accessible to global investors who previously faced friction entering Japanese markets, with trades settled in JPYSC.

What this means for investors The bull case is straightforward. SBI’s distribution network reaches millions of retail and institutional investors across Japan. If even a fraction of those investors begin accessing tokenized assets through Ondo’s rails, the protocol’s transaction volume could increase meaningfully.

Ondo isn’t the only player trying to tokenize real-world assets, but having both BlackRock and SBI as partners creates a moat that most competitors cannot replicate.

The risk side of the ledger has its own entries. Japan’s regulatory environment, while progressive, is also strict. There’s also execution risk inherent in bridging two very different financial cultures. JPYSC is central to this deal’s settlement infrastructure. If SBI’s stablecoin faces regulatory headwinds, liquidity constraints, or adoption challenges, the entire tokenization pipeline could slow down.

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

Key Highlights Table of Contents

Key HighlightsStrategic alliance advances SBI’s tokenized asset visionYen-backed stablecoin to power transaction infrastructureSBI constructs comprehensive blockchain finance infrastructure SBI collaborates with Ondo Finance for blockchain-based Japanese stock tokenization.

JPYSC stablecoin to facilitate settlement and collateral functions.

Ondo Finance will create tokenized instruments tied to Japanese financial markets.

SBI advances its digital securities vision through blockchain integration.

Initiative bridges Japanese capital markets with worldwide tokenized asset platforms.

Japanese financial services leader SBI has forged a strategic alliance with Ondo Finance to digitize Japanese equities through blockchain-powered tokenization. This collaboration introduces the JPYSC stablecoin as a settlement mechanism and collateral instrument for qualifying transactions. SBI plans to leverage its extensive financial network to distribute these innovative products while broadening market access to digitized Japanese securities.

Strategic alliance advances SBI’s tokenized asset vision Under this arrangement, Ondo Global Markets will assume responsibility for creating tokenized financial instruments backed by Japanese assets. SBI will then channel these products through its established financial distribution channels. Both organizations intend to promote these offerings via coordinated marketing campaigns and strategic business relationships.

We're excited to announce a partnership with SBI Group, one of Japan's leading financial institutions.

The collaboration covers tokenizing Japanese assets with distribution across the SBI ecosystem, and settlement using the JPYSC stablecoin.

Ondo CEO Ian De Bode on the… pic.twitter.com/Kp4twvDeZo

— Ondo Finance (@OndoFinance) July 16, 2026

Moreover, this collaboration establishes a bridge between Japan’s traditional financial assets and emerging global tokenized markets powered by distributed ledger technology. Neither party has revealed a specific timeline for product deployment. Details regarding initial asset selection for tokenization and the applicable regulatory structure remain undisclosed.

This initiative reinforces SBI’s comprehensive digital asset roadmap spanning multiple financial service verticals. Simultaneously, Ondo Finance obtains entry into SBI’s extensive banking network, securities brokerage operations, investment management division, and cryptocurrency ventures. This alliance establishes an additional distribution pathway for blockchain-enabled securities throughout Japan’s financial landscape.

Yen-backed stablecoin to power transaction infrastructure The partnership encompasses provisions to incorporate JPYSC into Ondo’s tokenized financial instrument ecosystem. This stablecoin, pegged to the Japanese yen, will enable settlement operations and designated collateral mechanisms. Consequently, trades involving digitized Japanese assets may utilize a cryptocurrency directly anchored to Japan’s national currency.

Both organizations also plan to explore expanded collateral use cases for JPYSC throughout their shared ecosystem. Specific product eligibility and collateral parameters have not been revealed. The firms acknowledge that additional development efforts will establish the operational guidelines.

Ondo emphasized that Japan constitutes a significant target market for tokenized financial instruments due to its mature capital market infrastructure. Concurrently, SBI characterized Ondo as a crucial long-term collaborator for scaling digital asset offerings. Both entities aim to forge stronger connections between Japan’s domestic financial markets and worldwide blockchain networks.

SBI constructs comprehensive blockchain finance infrastructure This partnership announcement follows multiple blockchain-focused ventures recently unveiled by SBI throughout the digital finance sector. Previously, SBI Global Asset Management rolled out a tokenized Japanese equity investment vehicle on Solana’s blockchain in collaboration with DigiFT. This offering delivers institutional and accredited investors blockchain-enabled exposure to a dividend-focused Japanese equity approach.

The JX token marked DigiFT’s inaugural tokenized Japanese equity fund available on its regulated marketplace. SBI positioned this product as a pioneering tokenized Japanese equity fund. This debut expanded blockchain accessibility to Japanese equity investment strategies via compliant infrastructure.

The Ondo collaboration extends these previous initiatives by incorporating tokenized financial products alongside stablecoin settlement functionality. Beyond this agreement, SBI has recently unveiled JPYSC, rolled out lending programs for the stablecoin, established a partnership with the Solana Foundation, allocated capital to Gauntlet and EDX Markets, and finalized the Bitbank acquisition. These moves demonstrate the company’s ongoing commitment to constructing a unified blockchain financial ecosystem that integrates tokenized assets, digital currencies, trading platforms, and decentralized market infrastructure.

Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]