Ondo Finance has launched the first tokenized equity representations utilizing DTC tokenized entitlements, driving ONDO’s price up approximately 5% within a single day and sparking a surge in trading volume by 51.7%.
Ondo participates in DTCC’s landmark tokenization
The rollout marks Ondo Finance’s role in the Depository Trust & Clearing Corporation’s (DTCC) Tokenization Service, which is considered a cornerstone for post-trade processing in U.S. financial markets. DTCC processed around $4.7 quadrillion in U.S. securities transactions during 2025, reinforcing its position as the essential clearing institution for Wall Street.
With this development, Ondo Finance is now collaborating alongside leading financial players, including BlackRock, J.P. Morgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange. This initiative is recognized as DTCC’s most expansive tokenization effort to date.
Through Ondo’s infrastructure, tokenized entitlements connected to assets such as CRCL and SPY serve as digital equivalents, supporting instruments known as CRCLon and SPYon. Investors can use these to move assets between traditional holdings and blockchain-based representations securely and efficiently.
Mini dictionary: DTCC (Depository Trust & Clearing Corporation) is a US-based financial services company that provides post-trade clearing and settlement for the US securities industry, ensuring that transactions between buyers and sellers are completed smoothly and efficiently.
Ian De Bode, CEO of Ondo Finance, stated that Ondo is uniquely constructing all pathways for US securities tokenization, emphasizing that the new initiative with DTCC demonstrates its infrastructure is designed for interoperability with institutional market frameworks.
The introduction of tokenized equities and entitlements is expected to boost flexibility across exchanges and digital wallets, as well as open new liquidity channels for decentralized finance participants.
| Project | Main Role | Key Partners |
|---|---|---|
| Ondo Finance | Tokenized equity platform | BlackRock, J.P. Morgan, Goldman Sachs, Nasdaq, NYSE |
| DTCC | US post-trade clearing and settlement | All major Wall Street firms |
Price action and technical outlook
Following the announcement, ONDO rebounded from an uptrend line to approach its 50-day exponential moving average (EMA). Market analysts suggest that a sustained move above this level could pave the way toward targets of $0.70 and possibly $1.12. However, resistance remains at $0.336, with the $0.31 support level signaling the lower boundary of a descending triangle chart pattern.
Michaël van de Poppe, a market analyst recognized on X as @CryptoMichNL, noted the surge in ONDO’s value after the DTCC partnership was made public. He highlighted that ONDO had climbed 18% on the day and said he expected further gains ahead.
Despite bullish fundamental drivers, technical indicators such as Chaikin Money Flow and On-Balance Volume have not shown clear signs of sustained accumulation, adding a layer of uncertainty to the short-term outlook.
Currently, the $0.343 price level—which represents the 50% Fibonacci retracement—acts as the dividing line between premium and discount areas for short-term strategies.
Outlook for tokenization and ONDO
Ondo Finance, a platform focused on bridging traditional assets and blockchain-based solutions, is positioning itself at the forefront of the tokenization trend in U.S. securities. With support from major Wall Street institutions and the rollout of live products, industry observers are watching closely to see how price momentum and adoption unfold in the months ahead.
