ONDO Token, the tokenized real-world assets (RWA) exclusive platform at the core of ONDO Finance, has seen a 92% surge in the last 7 days.
this increase The asset took its price from $0.39 to $0.96Which is at an all-time high since its launch and has catapulted ONDO into the top 100 crypto assets with the highest market capitalization, as shown in the following chart. trading view,
With a market capitalization of $1.25 billion, ONDO now includes 89th position in top 100 cryptocurrenciesAccording data From CoinMarketCap.
Oondo Finance, which operates on the Ethereum, Solana, and Polygon networks, is known for providing access to tokenized trading assets such as US Treasury bonds. In this region, Ondo the second largest emitter After financial giant Franklin Templeton.
Precisely, ONDO’s recent growth is driven by a request from BlackRock, the world’s largest financial asset manager, to launch a tokenized investment fund on the Ethereum network in collaboration with Securitize, a company specializing in tokenization.
This token fund Will allow negotiation and release of RWAs represents a significant advancement in the integration of real-world assets into the world of cryptocurrencies, directly on the Ethereum network.
However, the collaboration between BlackRock and Securitize does not include Oondo Finance. Shows potential interest in real-world assets, which is in line with the services provided by Oondo FinanceAnd this boosted its native token.
Tokens that represent real-world assets, such as fiat currencies, stocks, government bonds, and real estate, are called “tokenized assets”.
RWA, a growing industry
Real world wealth (RWA) industry projections are optimistic for the coming months and years, showing 400% growth. Market capitalization of these assets in the last 12 monthsAs reported by CriptoNoticias, the cryptocurrency is outpacing other classes of crypto in terms of performance.
Tokenized assets, which represent real-world assets such as fiat currencies, stocks, government bonds, and real estate, are rapidly gaining popularity. For example, tokenized US Treasuries saw an increase of over 450% in October 2023.
The market value of tokenized assets is expected to reach between $3.5 trillion and $10 trillion by 2030, reflecting the growing acceptance and trust in these types of digital assets backed by real-world assets.
