Ondo Tokenized Stocks Hit $3 Billion, But Can the Price Breakout?
Ondo Finance's tokenized stocks have surpassed $3 billion in market value, reaching $3.19 billion after almost doubling in size over the past 90 days.
This growth is attributed to several developments that show tokenization is moving beyond crypto-native users and into traditional finance, including Broadridge launching its new DLX platform for tokenized markets and India's regulators kicking off a corporate bond tokenization pilot worth ₹1,025 crore.
The ONDO price faces resistance at $0.3891, with $0.4743 as the next major level, but momentum is balanced right now, and daily RSI is at 49.92, giving neither side full control.
Ondo's proposed fee-sharing mechanism could give investors another reason to hold the token beyond governance participation, but ongoing selling pressure from supply remains a challenge for the ONDO price.