Ondo Finance's ONDO token jumped nearly 16% in 24 hours to around $0.3737, with trading volume hitting $290 million as the platform rolled out tokenized stocks backed by a new settlement system. The move marks another step in the push to bring traditional securities onto blockchain rails, with major firms like BlackRock, JPMorgan, and Goldman Sachs already active in the space.
Tokenized stocks backed by DTCC infrastructure
The newly launched tokenized equities use DTC Tokenised Entitlements and the DTCC Tokenization Service, keeping the same CUSIP numbers and ticker symbols as the underlying securities. That means investors can trade tokenized versions of familiar stocks without changing how they identify them. Ondo Finance is positioning itself as a bridge between decentralized finance and traditional markets, building on its existing tokenized US Treasury products that yield around 5.2% APY.
Price action and technical levels
ONDO traded between $0.321 and $0.376 over the past day, with a weekly range of $0.305 to $0.376. The token reclaimed the 100-day exponential moving average but still sits below the 200-day EMA. The next major resistance level sits at $0.50. Over the past week ONDO gained 15.9%, and 11.8% over the last two weeks — a recovery from recent lows that traders are watching closely.
A token burn on the table
Ondo Finance is considering a proposal to burn 10% of the ONDO token supply, but no final decision has been made. Such a move would reduce circulating supply and could support price appreciation, but the company has not committed to a timeline or mechanism. The discussion adds another layer of speculation around the token, already buoyed by the new product launch.
Institutional weight behind tokenization
Ondo Finance isn't alone in this push. BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and the NYSE are all participating in tokenization efforts, signaling that the concept is moving beyond niche experiments. Tokenized securities promise faster settlement, lower costs, and 24/7 trading, but regulatory hurdles and market adoption remain real challenges. Ondo's latest launch shows that the infrastructure is maturing, even if the broader market is still testing the waters.
The token burn proposal remains under discussion, with no decision yet. Whether ONDO can break above the $0.50 resistance will depend on continued momentum from the tokenized stock launch and the broader appetite for blockchain-based securities.
