News linked to both this project and an event.
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.
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 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.
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.
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)
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 Finance has announced that it will cease minting USDY on the Aptos and Noble networks starting September 8, while other supported networks remain unaffected. USDY on Osmosis and Mantra is also impacted by this adjustment, as it is bridged from Noble via IBC, and affected users may choose to migrate or exit based on their position size.
Odaily Odaily News: Tokenized real-world asset management firm Ondo Finance stated that existing U.S. securities laws can support perpetual futures tied to individual stocks without the need for new rules, applying the current securities and futures framework.On August 24, Ondo Finance submitted three comment letters to the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC), recommending the introduction of related products within the United States while incorporating modern margin mechanisms and on-chain market data.Its Panamanian subsidiary has already been offering stablecoin-settled perpetual futures on U.S.-listed stocks outside the United States. As of August 14, the platform, which launched approximately six weeks ago, has accumulated a trading volume of $8 billion. Ondo Finance manages and distributes approximately $2.6 billion in tokenized real-world assets, ranking fourth in the sector. (Cointelegraph)
According to official announcements, Ondo Finance revealed a series of ecosystem milestones, covering data on Ondo Perps and Ondo Stocks, reflecting the continuous growth of its on-chain market. Notably, since its launch in July, open interest for Ondo Perps has steadily climbed, currently surpassing $100 million, with particularly strong performance in recent weeks; meanwhile, according to DefiLlama data, Ondo Perps has ranked among the top three global RWA perpetual contract trading platforms, demonstrating market demand for RWA derivatives. Furthermore, since its launch in September 2025, Ondo Stocks has surpassed 270,000 cumulative holders, with the growth in holder count primarily driven by new participants rather than increased position sizes by a small number of existing accounts.
据 CoinTelegraph 报道，币安 bStocks 在上线不足两个月后，于 8 月 3 日市值达约 6.24 亿美元，超越 Kraken 旗下 xStocks（约 5.79 亿美元），跃升为全球第二大代币化股票发行商，仅次于 Ondo Finance（约 9.27 亿美元）。截至本周二，bStocks 以 6.106 亿美元小幅领先 xStocks 的 6.012 亿美元。
Odaily News: Ondo Finance announced a partnership with Grvt, a hybrid decentralized trading platform built on ZKsync, to establish a $100 million position in Ondo USDY over the next year, expanding its on-chain fixed-income asset portfolio.Under the collaboration plan, Grvt will integrate USDY into its yield product, Grvt Earn. The platform will hold and manage USDY directly on its balance sheet, incorporating the associated returns into the unified base yield currently offered to users. This allows users to benefit from the yield without needing to purchase USDY separately.USDY is a yield-bearing tokenized security launched by Ondo Finance, primarily backed by short-term U.S. Treasuries, Treasury-based ETF shares, and bank deposits. According to RWA.xyz data, USDY is currently one of the third-largest tokenized asset products, with approximately $2.14 billion in assets under management and around 15,600 holders. (The Block)
According to CoinDesk, Ondo Finance announced the appointment of former Blockchain.com Chief Financial Officer Adam Schlisman as Chief Financial Officer. Schlisman previously also served at Monashee Investment Management. Ondo stated that this appointment aims to support the expansion of its tokenized assets and on-chain capital markets business. The company was founded by former Goldman Sachs executives and is currently one of the larger real-world asset tokenization platforms, with products covering blockchain-based US Treasury bonds and stocks.
According to DeFiLlama's latest "Tokenized Stock Research Report", tokenized stocks are becoming one of the fastest-growing sectors, with active market cap increasing from $814 million at the beginning of the year to $1.976 billion, a growth of over 140%. The report conducted a comparative analysis of the stock product architecture, market trading data, and liquidity performance of mainstream platforms including Binance, Bitget, Kraken, Bybit, Hyperliquid, and Ondo Finance. Data shows that in liquidity benchmark tests for the five stock spot markets of MSTR, SPY, QQQ, CRCL, and NVDA, Bitget's stock token rToken had a median bid-ask spread of only 0.83 basis points and maintained the deepest order book liquidity across all sample markets. In execution benchmark tests covering 36 stock perpetual contracts and 8 metal and commodity perpetual contracts, Bitget maintained a leading position in depth across approximately 90% of trading pairs. DeFiLlama noted that as the tokenized stock market continues to mature, liquidity and trade execution quality are becoming key differentiating factors in platform competition. With lower trading costs and deeper order books, Bitget provides a more efficient trading experience for institutional and retail users.
: Tokenized asset issuer Ondo Finance has abandoned its traditional Layer 1 blockchain plan and instead launched the Ondo Network. The platform is positioned as a trading network tailored to institutional needs, designed to support private, high-speed trade execution. The network's first application, Ondo Perps, will allow users to trade perpetual futures using tokenized assets as collateral, separating fast, private trade execution from public chain settlement. Ondo Finance has already issued tokenized U.S. Treasury bonds and stocks, and is advancing broader trading infrastructure development against the backdrop of rising Wall Street interest in tokenization and 24/7 markets.
Ondo Finance and Japanese financial group SBI Group have announced a strategic partnership. The two parties will jointly promote the tokenization of Japanese stock assets and explore the use of yen stablecoins for on-chain settlement and collateral.Ondo stated that as one of the world's largest issuers of tokenized stocks, this collaboration will connect Japan's mature capital market with the global tokenized finance ecosystem, expand the on-chain accessibility of Japanese assets, and promote Ondo's tokenized products to Japanese investors through the SBI Group ecosystem. According to the cooperation plan, both parties will advance the following directions:Issuing tokenized Japanese assets through Ondo Global Markets (BVI) Limited, a subsidiary of Ondo;Utilizing SBI's JPYSC yen stablecoin to provide on-chain settlement and collateral support for Ondo's tokenized assets;Distributing Ondo's tokenized financial products through the SBI Group ecosystem.
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)
According to official sources, Ondo Perps is now officially live and open to non-US investors. As a perpetual contract platform that supports tokenized stocks and stablecoins as derivatives margin, Ondo Perps is committed to driving the on-chain derivatives market into a new phase of capital efficiency. Its core advantages include:Tokenized stocks as collateral: No need to maintain separate capital reserves across multiple platforms;Market depth comparable to traditional finance: Achieving extremely low spreads and slippage;Execution speed rivaling top-tier crypto CEXs: Order routing, margin updates, and liquidations are processed in real-time, while ensuring decentralization.Currently, supported assets on Ondo Perps cover stocks, indices, and commodities, including SPCX, MU, NVDA, TSLA, AAPL, Gold, and Crude Oil, with up to 20x leverage, offering global investors 24/7 trading.According to the introduction, Ondo Perps is built on Ondo Finance technology, with Ondo Global Markets providing the underlying tokenized stock infrastructure. Its total TVL has exceeded $1 billion.
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)
: Ondo Finance announced the launch of a third-party custodied tokenized securities solution operating within the current regulatory framework in the United States. The company has partnered with Broadridge Financial Solutions to provide complete shareholder governance and voting rights support for tokenized stock holders. According to the mechanism design, the underlying stocks remain within the traditional regulated custody system in the U.S., with tokens minted at a 1:1 ratio by Ondo's registered transfer agent and issued on the Ethereum blockchain, while the underlying assets are held by compliant custodians.
According to The Block, Trump's annual financial disclosure report (totaling 927 pages) released by the U.S. Office of Government Ethics shows that Trump received significant crypto-related income through his family crypto company World Liberty Financial (WLF), including over $65.6 million from the sale of WLF Holdco equity and approximately $236.25 million from WLF token sale allocations. Additionally, the report disclosed his cold wallets holding various crypto assets such as Bitcoin, Ethereum, USDC, LINK, AAVE, ENA, MOVE, and ONDO, and that he received approximately $1.8 million in Ethereum staking rewards. Trump also holds up to $100,000 in Coinbase stock and multiple investments in Strategy (formerly MicroStrategy). In contrast, Vice President JD Vance's annual financial report is only 17 pages, disclosing that he holds Bitcoin valued at up to $500,000.