Watch the movie now


Investment giant BlackRock’s recent filing for a new fund called the BlackRock USD Institutional Digital Liquidity Fund has sent ripples through the crypto market. The fund’s partnership with Securitize, a firm specializing in tokenization, suggests a potential focus on RWAs, which aligns perfectly with Ondo Finance’s core offering. This news sparked speculation, driving an initial 20% jump in the price of ONDO.

Ondo Global Markets Expands Tokenized Asset Offerings

Ondo Finance recently launched Ondo Global Markets, a solution aimed at bridging traditional and DeFi markets by creating tokens representing ownership of traditional securities. This initiative expands Ondo’s capabilities beyond tokenized U.S. Treasuries, potentially attracting new users and driving demand for the ONDO token.

Growing Adoption and Ecosystem Expansion

Ondo Finance has actively partnered with various blockchain platforms, including Aptos, Sui, and Solana, integrating its tokenized treasury products (USDY) and exploring further DeFi applications. This multi-chain strategy broadens Ondo’s reach and positions it as a leader in the RWA tokenization space.

ONDO/USD Technical Analysis Suggests Bullish Momentum

While the recent price surge is significant, it’s crucial to consider technical indicators. ONDO currently trades above its 50-day moving average, suggesting a potential short-term uptrend. The Relative Strength Index (RSI) sits at a healthy level, indicating room for further growth before encountering overbought conditions.

to ggoo


حجم الخط
تباعد السطور