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BlockBeats News, May 9th, according to HTX market information, Ondo Finance's native token ONDO led the market. As an RWA tokenization DeFi platform, its surge this time was supported by multiple recent bullish news, among which the most significant announcement was from the Depository Trust & Clearing Corporation (DTCC) this month. The DTCC announced the establishment of an industry working group, with Ondo successfully selected to help advance the tokenization process in the U.S. capital markets. The DTCC's limited trading of tokenized assets is also set to launch in July. Ondo will collaborate with traditional financial and decentralized finance institutions such as BlackRock, Goldman Sachs, JPMorgan Chase, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE, Circle, Fireblocks, Robinhood, etc., in the design.
On the business front, Ondo is also making good progress. Ondo Global Markets is continuously expanding the tokenized U.S. stock and ETF trading categories, supporting over 260 assets, mainly targeting non-U.S. investors. The cumulative trading volume of tokenized equities has exceeded $2 billion. The team partnered with Broadridge to realize voting rights for tokenized stocks, collaborated with Franklin Templeton to establish 5 tokenized ETFs, and recently completed cross-chain tokenized treasury redemptions with JPMorgan Chase, Mastercard, and Ripple. In terms of market performance, Ondo's Q1 2026 revenue was approximately $13.26 million, TVL increased from $26 billion to over $35 billion, maintaining a leading market share. At the same time, the SEC's investigation into it was acquitted at the beginning of the year, solidifying its leading position in the RWA field.
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