ONDO's price jumped over 13% in the past 24 hours after Ondo Finance expanded its tokenized securities offering through DTCC's tokenization infrastructure and deepened its role in Robinhood's blockchain-based stock token ecosystem.
The move has been driven by a series of institutional developments around tokenized real-world assets, with ONDO climbing to $0.39 on Monday from near $0.34 the day before, extending its weekly gains to more than 22%.
The integration with DTCC's tokenization service allows Ondo's tokenized stocks, including CRCLon and SPYon, to connect directly to securities held within the Depository Trust Company's clearing infrastructure.
This places Ondo among participants in DTCC's tokenization initiative, which includes financial institutions such as BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange.