Ondo Global Markets has onboarded over $300 million worth of stocks and ETFs onto the blockchain just one month after launch.

While the overall crypto market in September has looked gloomy, ONDO has shown strong accumulation signals, raising hopes of reclaiming its all-time high.

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The First Milestone for Ondo Global Markets

Ondo (ONDO) has long been a prominent name in bond tokenization, with products such as OUSG and USDY. Ondo’s fund scale has reached around $1.4 billion in this segment, ranking second after Securitize ($2.72 billion).

As BeInCrypto reported, Ondo recently launched Ondo Global Markets. In less than a month, the platform recorded tokenized stocks and ETFs surpassing the $300 million mark. Several tickers, such as SPYon, IVVon, QQQon, TLTon, each exceeded $10 million.

With 103 tickers, Ondo holds a leading market share in this niche. Securitize is in second place, with nearly $250 million, but it only offers a single ticker.

In just a few weeks, the $300 million milestone is impressive, especially given that many other RWA players are still focused primarily on credit or treasuries and have yet to expand significantly into equities.

From a market narrative perspective, September might appear “bearish” when judged by overall crypto price movements. However, for ONDO, this has arguably been the most Go to Source to See Full Article
Author: Linh Bùi