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Project Overview
Ondo Finance is an institutional-grade financial infrastructure protocol dedicated to bringing real-world assets (RWAs) and traditional public securities on-chain. By offering tokenized investment products such as USDY (yield-bearing stablecoin backed by US Treasuries) and OUSG (Short-Term US Treasuries Fund), and developing the dedicated Ondo Chain Layer 1 blockchain, the platform enables global investors to access high-quality, transparent, and regulated financial markets within a decentralized ecosystem.
Ondo Finance Evaluates Acquisition Deal Worth Up to $500 Million
Tokenized asset company Ondo Finance is evaluating a potential acquisition deal with a valuation range of $250 million to $500 million. Sources familiar with the matter revealed that the company has not yet appointed formal advisors and is considering expansion through mergers and acquisitions. Trading activity in the crypto sector remains active in 2026, with tokenization and institutional infrastructure being the acquisition directions that enterprises focus on when seeking to scale up.
Binance US Stock Business Structure Exposed: Nest Trading Handles Connections, Alpaca Monopolizes 94% of Tokenized US Stock Market
Binance's US stock business adopts a dual-core structure of "introducing broker + clearing broker," with Nest Trading responsible for order referral, and US fintech company Alpaca Securities handling the entire process of trade execution, clearing, settlement, and asset custody.Nest Trading, formerly known as BCI Limited, obtained a broker-dealer license from the Abu Dhabi Global Market (ADGM) FSRA at the end of 2025 and officially began operations on January 5, 2026. Together with Nest Exchange and Nest Clearing and Custody, it forms Binance's compliance "troika" in ADGM. Registered on Reem Island in Abu Dhabi, Nest Trading handles key Binance services such as OTC, Convert, and Earn.Alpaca is an SEC-registered broker-dealer and a member of FINRA and SIPC, commanding a 94% market share of tokenized US stocks and ETFs, facilitating 1:1 on-chain asset conversion for platforms like Ondo Finance. In January 2026, Alpaca completed a $150 million Series D funding round at a valuation of $1.15 billion, achieving unicorn status with investments from Citadel Securities, Kraken, MUFG, and others. As of early 2026, Alpaca serves over 300 institutions, covering 9 million brokerage accounts. By the end of 2025, it held total assets of $1.386 billion and net capital exceeding $100 million.Public information indicates that Binance and its core team had no prior connection with Alpaca. This collaboration establishes a cross-border US stock trading loop characterized by "ADGM licensed connectivity + US compliant clearing."
Pantera Capital Transfers 83.9 Million ONDO Tokens, Potentially Facing Selling Pressure
According to on-chain analyst Ember (@EmberCN), Pantera Capital—the lead investor in Ondo—transferred 83.9 million ONDO tokens (approximately $22.11 million) five hours ago. The market expects these tokens to be sold in the near term. The receiving address has a history of similar activity: one year ago, it received 34.28 million ONDO tokens (approximately $42.52 million) from Ondo’s multi-sig wallet and subsequently transferred them to Coinbase Prime in batches.
Accessing Traditional Fund Distribution Networks: Ondo Subsidiary Joins DTCC's Fund/SERV Platform
Ondo Finance has announced its subsidiary Oasis Pro Markets has joined the Depository Trust & Clearing Corporation (DTCC)'s Fund/SERV platform, becoming the first tokenized platform accepted into the fund transaction processing and distribution network.Oasis Pro Markets is a US-registered securities broker-dealer and distributor of tokenized investment products. Fund/SERV processes over 85% of mutual fund transaction activity in the United States; through this integration, Oasis Pro Markets can conduct transactions with fund companies, wealth management platforms, and service providers via standardized connections, and support account-level data transmission, trade confirmation, reconciliation, fund distribution, tax reporting, and regulatory reporting.
Ondo urges SEC and CFTC to bring U.S. stock perpetual contracts back to the U.S.
Ondo Finance has submitted a proposal to U.S. regulators, seeking to leverage existing legal frameworks to introduce US stock perpetual contracts into regulated trading networks within the United States to protect consumer rights and fill a market gap.
Ondo Finance Appoints Former Global Financial Markets Association Executive Allison Parent as Chief Policy Officer
According to Crowdfund Insider, Ondo Finance has appointed Allison Parent as Chief Policy Officer to engage with policymakers and regulators and advance regulatory and industry standards for tokenized assets. Parent previously served as an Executive Director at the Global Financial Markets Association (GFMA) for nearly 10 years. Her career also includes roles as Head of Global Policy and Strategy at Barclays, Senior Policy Advisor and Market Legal Counsel at the Bank of England, and General Counsel for the U.S. Senate Committee on the Budget, where she contributed to landmark post-financial crisis legislation such as the Dodd-Frank Act.
The Securities Transfer Association Lobbies SEC: Third-Party Stock Tokens Could Threaten Market Integrity
As the tokenization of capital markets intensifies, the Securities Transfer Association (STA) recently submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), warning that stock tokens issued by third-party entities could undermine market integrity. The association is calling on regulators to prioritize tokenized securities authorized by listed companies in future rulemaking.The STA represents numerous Wall Street transfer agents, whose members argue that genuine tokenized stocks should be formally authorized by the issuing company and recorded on the official shareholder register, rather than consisting of "wrapped" token products created by independent platforms.The association points out that third-party stock tokens could confuse investors regarding their actual holdings and expose them to platform credit, custody, and operational risks, without establishing a direct legal relationship with the listed company. Therefore, any innovation exemptions, pilot programs, or permanent regulatory frameworks for tokenized securities should be prioritized for the issuer-supported model. The STA also urges the SEC to reform the existing Direct Registration System (DRS), arguing that the current U.S. securities depository system struggles to meet the real-time transfer and settlement demands of on-chain securities. It recommends that regulators collaborate with the Depository Trust & Clearing Corporation (DTCC) to optimize the digital securities infrastructure.Currently, the global tokenized stock market, valued at approximately $2 billion, is predominantly led by the third-party model, including products launched by Ondo Finance and Kraken, while institutions like Securitize and Figure adopt the issuer-authorized model. (CoinDesk)
Ondo Partners with Broadridge to Launch Custodied Tokenized US Securities Solution in the US
According to official announcements, Ondo Finance announced a partnership with Broadridge Financial Solutions (NYSE: BR) to launch the first third-party operated custodial tokenized U.S. securities solution within the current U.S. regulatory framework. This marks the first time in history that U.S. listed securities have been tokenized by a third party on a public blockchain, while fully complying with current U.S. regulatory framework and infrastructure requirements.
Ondo Finance Launches Ethereum-Based Custodial Tokenized Securities Service in the US
Ondo Finance has announced the launch of a third-party custodial tokenized securities solution in the United States, designed to comply with local regulatory frameworks. The underlying assets are issued on the Ethereum blockchain, and the company has partnered with financial infrastructure service provider Broadridge to offer tokenized stock holders comprehensive shareholder governance and proxy voting services.The solution adopts a two-tier compliance architecture: the underlying stocks remain held within the US licensed traditional custody system; Ondo’s registered transfer agent mints tokens on a 1:1 basis and deploys them on the Ethereum public chain, while the underlying physical securities are simultaneously held by a compliant custodian for safekeeping. (Prnewswire)
A whale purchased 1.945 million ONDO tokens five months ago and currently holds an unrealized profit of approximately $500,000.
According to Arkham monitoring data, whale 0x80e previously purchased 1.945 million ONDO tokens at approximately $0.263 each. After holding for five months, the ONDO position has appreciated significantly and is now valued at approximately $1 million. The data shows that these ONDO tokens remain in the trader's wallet and have not yet been transferred or sold.
Trader Doctor Profit Discloses Shorting BTC and Liquidating Altcoin Positions
Odaily Report: Renowned trader Doctor Profit posted on X platform stating that due to the current excessive leverage in the altcoin market, altcoin spot trading volume has now reached 4 times that of Bitcoin, indicating an overheated market condition. As a result, he chose to take profits and exit his altcoin positions. His ONDO holdings were sold at a 73% profit, while he also exited HBAR and XRP with minor gains. At this stage, he has no intention of buying altcoins in the current environment and expects the market to be on the verge of a correction.Doctor Profit previously predicted a rise to $88,000 when Bitcoin's price dropped to $60,000. Now after the rally, he expects Bitcoin may pull back to $79,000. He revealed that he had already shorted BTC at the $86,200 level and set additional short orders in the $86,500 to $89,500 range. Meanwhile, his BTC positions as well as his ETH, CRCL, and COIN positions in the "Galactic Three" portfolio remain unchanged.
Bitcoin stabilizes around $84,000, with the 10-year U.S. Treasury yield pulling back from its highs.
According to CoinDesk, bitcoin traded above $84,000 on Friday, essentially flat over the past 24 hours after briefly dipping below $84,000 on Wednesday. Most major tokens saw volatility of less than 2%, while ONDO rose 27% to around $0.54 and QNT gained 39% to near $100. Meanwhile, selling pressure in the US bond market has eased slightly, with the 10-year US Treasury yield retreating 2 basis points to 5.17% after climbing more than 20 basis points cumulatively over the previous two trading sessions. Brent crude oil fell about 1% to $105 per barrel as markets focused on reports that the US and Iran may reopen the Strait of Hormuz via a phased agreement. FxPro Chief Market Analyst Alex Kuptsikevich stated that Bitcoin's recent pullback is more of a temporary pause within an uptrend, noting that the current upward momentum has not yet ended. Even if BTC falls further to $70,000, it could exert significant pressure on short-term traders, but he believes it remains insufficient to disrupt the broader bullish trend. Additionally, Bitcoin is approaching Friday's Deribit options expiration. The current price sits below $85,000, which is one of the strike prices with a high concentration of call open interest in this expiry batch.
30 days of suspected sales totaling $29.94 million; Ondo team-linked addresses still hold $12.68 million in ONDO and have deposited another 13.43 million tokens
Odaily News: According to on-chain analyst Ai Yi's monitoring, Ondo team-linked addresses (0xFA06...8223, 0xEA57...75e1) have deposited another 13.43 million ONDO tokens. Over the past 30 days, these linked addresses are suspected to have sold ONDO worth $29.94 million. In the last 10 hours, two multi-signature addresses deposited tokens worth $4.42 million to Coinbase; currently, the linked addresses still hold ONDO worth $12.68 million on-chain.
Ondo team-associated address transfers 26.05 million ONDO to Coinbase, worth $9.79 million
Odaily reports, according to on-chain analyst Ai Yi's monitoring, the Ondo team-associated address (0xEA5...5e1) received 150 million ONDO from the Ondo team multi-signature address on June 23, and 11 hours ago deposited 26.05 million ONDO (worth $9.79 million) to Coinbase. This matches the previous operational pattern of "receiving tokens, holding for a period, then transferring to the exchange," and the purpose remains unknown.
A certain address has received a cumulative total of 425 million ONDO; 8 hours ago, it received another 150 million ONDO transferred from the Ondo team's multi-signature wallet.
according to on-chain analyst Ai Yi's monitoring, the Ondo team's multisig wallet transferred 150 million ONDO (worth $49.56 million) to a certain address 8 hours ago. This address has received a cumulative total of 425 million ONDO since April 22, worth a total of $147 million. After the two previous transfers, the tokens were deposited into Coinbase in batches; the purpose remains unknown.
Bitcoin Holds at $84K, Ondo Leads Rally, U.S. Treasury Yields Hit 19-Year High
Bitcoin fluctuated amid rising US Treasury yields before stabilizing at $84,500; Ondo Finance led gains following the launch of new projects, pushing its token back to $0.50. The US 10-year Treasury yield surpassed 5.18%, reaching its highest level since 2007.
Total Value Locked Exceeds $1 Billion as Ondo Stocks Launches on NEAR Mainnet and Integrates with NEAR Intents
Ondo Finance has announced its tokenized securities platform, Ondo Stocks, has launched on the NEAR mainnet and integrated with NEAR Intents. The initial rollout supports 20 tokenized U.S. stocks, ETFs, and commodity-related products, including shares of Tesla, Nvidia, Apple, as well as QQQ, gold, and silver ETFs. Eligible users can access these assets through the NEAR mainnet and distribute them to wallets and applications on connected networks via NEAR Intents. The NEAR mainnet supports access to over 30 blockchains. Ondo stated that its tokenized securities platform has surpassed $1 billion in total value locked, with cumulative trading volume exceeding $26 billion.
Ondo Finance enables institutions to mint Ondo Stocks tokens backed by physical stocks.
Ondo Finance announced today that approved institutions can now use their existing stock holdings to mint Ondo Stocks tokens via Alpaca’s Instant Tokenization Network, and can redeem the tokens to retrieve the corresponding stocks. This feature is currently live on Ethereum and BNB Chain.
Ondo Finance Crisis Escalates: Co-Founder Accused by Daughter of Dementia
The succession plan for the crypto asset project Ondo Finance has faced new obstacles, as family members have legally petitioned for restricted guardianship over co-founder Kathleen Allman, alleging that she suffers from dementia and has been squandering funds.
Ondo Finance Founder Dies Without a Will, Family Fights for Control Over $11 Million Compensation Package
Odaily reports: Nathan Allman, founder of the blockchain project Ondo Finance, passed away without leaving a will. His parents consequently inherited his estate, including a controlling stake and a substantial amount of ONDO tokens, escalating a legal dispute over control of the project.The founder's mother, Kathleen Allman, has sued acting CEO Ian De Bode, accusing him of attempting to seize control of the company and secure a compensation package worth approximately $11 million for himself.Nathan Allman's half-sister and Ondo investor David Chen are seeking a limited guardianship over Kathleen Allman's portion of the estate, citing concerns including cognitive impairment and financial mismanagement; Kathleen Allman denies the allegations. (CoinDesk)
Accessing Traditional Fund Distribution Networks: Ondo Subsidiary Joins DTCC's Fund/SERV Platform
Ondo Finance has announced its subsidiary Oasis Pro Markets has joined the Depository Trust & Clearing Corporation (DTCC)'s Fund/SERV platform, becoming the first tokenized platform accepted into the fund transaction processing and distribution network.Oasis Pro Markets is a US-registered securities broker-dealer and distributor of tokenized investment products. Fund/SERV processes over 85% of mutual fund transaction activity in the United States; through this integration, Oasis Pro Markets can conduct transactions with fund companies, wealth management platforms, and service providers via standardized connections, and support account-level data transmission, trade confirmation, reconciliation, fund distribution, tax reporting, and regulatory reporting.
Related news
A whale purchased 1.945 million ONDO tokens five months ago and currently holds an unrealized profit of approximately $500,000.
According to Arkham monitoring data, whale 0x80e previously purchased 1.945 million ONDO tokens at approximately $0.263 each. After holding for five months, the ONDO position has appreciated significantly and is now valued at approximately $1 million. The data shows that these ONDO tokens remain in the trader's wallet and have not yet been transferred or sold.
BlackRock Partners with Ondo to Launch Tokenized Investment Strategy Portfolios
Odaily News: BlackRock has partnered with Ondo Finance to launch Intelligent Portfolios, packaging professionally constructed, complete investment strategies into single onchain tokens. BlackRock designed three portfolios for Ondo, respectively focusing on high yield, diversified growth, and high growth. Investors can gain exposure to an entire investment portfolio by holding a single token, without needing to separately purchase and rebalance the underlying assets.Unlike the tokenization of a single stock, bond, or fund, this model further brings an entire investment portfolio and asset allocation strategy onchain. The related tokens can in the future be transferred between wallets and platforms, and may be used for collateralized lending or integrated into other onchain financial products. Pantera summarized this trend as an evolution from "single securities" to "onchain portfolios."Lisa O'Connor, BlackRock's Global Head of Model Portfolio Solutions, said tokenization is creating new ways to deliver portfolio strategies through digital infrastructure. According to Broadridge data, as of June this year, traditional model portfolio management assets under management totaled approximately $9.8 trillion. (CoinDesk)
Trader Doctor Profit Discloses Shorting BTC and Liquidating Altcoin Positions
Odaily Report: Renowned trader Doctor Profit posted on X platform stating that due to the current excessive leverage in the altcoin market, altcoin spot trading volume has now reached 4 times that of Bitcoin, indicating an overheated market condition. As a result, he chose to take profits and exit his altcoin positions. His ONDO holdings were sold at a 73% profit, while he also exited HBAR and XRP with minor gains. At this stage, he has no intention of buying altcoins in the current environment and expects the market to be on the verge of a correction.Doctor Profit previously predicted a rise to $88,000 when Bitcoin's price dropped to $60,000. Now after the rally, he expects Bitcoin may pull back to $79,000. He revealed that he had already shorted BTC at the $86,200 level and set additional short orders in the $86,500 to $89,500 range. Meanwhile, his BTC positions as well as his ETH, CRCL, and COIN positions in the "Galactic Three" portfolio remain unchanged.
KakaoPay Securities Partners with Dinari and ONDO to Advance Tokenization of Korean Stocks
South Korean brokerage Kakao Pay Securities has reached a partnership agreement with Dinari and Ondo Finance to jointly explore tokenizing South Korean listed stocks through blockchain infrastructure to meet the needs of international market investors.
Kakao Pay Securities Signs with Ondo Finance and Dinari to Explore Tokenization of Korean Stocks
Odaily News: South Korea's Kakao Pay Securities has signed separate memoranda of understanding with Ondo Finance and Dinari to explore the tokenization of Korean-listed stocks, aiming to broaden access for overseas investors.Under the plan, Kakao Pay Securities will purchase and hold underlying stocks through omnibus accounts for overseas investors and issue tokens based on those holdings for distribution abroad. The three parties plan to form a joint working group within this year to study stock sourcing and custody, token issuance and redemption, stock-to-token reconciliation, and how shareholder rights such as dividends and voting should be reflected. Kakao Pay Securities will explore leveraging Ondo Finance's global distribution network and conduct a proof of concept with Dinari to confirm technical feasibility. Commercialization and timelines have not yet been determined.
Bitcoin stabilizes around $84,000, with the 10-year U.S. Treasury yield pulling back from its highs.
According to CoinDesk, bitcoin traded above $84,000 on Friday, essentially flat over the past 24 hours after briefly dipping below $84,000 on Wednesday. Most major tokens saw volatility of less than 2%, while ONDO rose 27% to around $0.54 and QNT gained 39% to near $100. Meanwhile, selling pressure in the US bond market has eased slightly, with the 10-year US Treasury yield retreating 2 basis points to 5.17% after climbing more than 20 basis points cumulatively over the previous two trading sessions. Brent crude oil fell about 1% to $105 per barrel as markets focused on reports that the US and Iran may reopen the Strait of Hormuz via a phased agreement. FxPro Chief Market Analyst Alex Kuptsikevich stated that Bitcoin's recent pullback is more of a temporary pause within an uptrend, noting that the current upward momentum has not yet ended. Even if BTC falls further to $70,000, it could exert significant pressure on short-term traders, but he believes it remains insufficient to disrupt the broader bullish trend. Additionally, Bitcoin is approaching Friday's Deribit options expiration. The current price sits below $85,000, which is one of the strike prices with a high concentration of call open interest in this expiry batch.