The Rise of ONDO Finance: Crypto RWAs, the SEC and Wall Street 2.0

Larry Fink, BlackRock’s CEO, is a big RWA believer. The RWA sector is currently the hottest sector in crypto. And the hottest project in this sector is Ondo Finance which is up 1,771% in the last 18 months. And just yesterday they met with SEC. Does this indicate a big pump for Ondo?

Now, with Mantra having fallen off the cliff, Ondo Finance seems to be the new leader. So, here is why you should pay attention to Ondo Finance.

Ondo Finance and the SEC

The recent big news for Ondo was of course their talks with the SEC. Ondo has been in talks with the SEC’s Crypto Asset Working Group or Crypto Task Force. They’re looking into ways to be compliant. Ondo’s focus is on tokenization and the future of digital asset regulation. The idea is to issue US tokenized securities.

So, this is a great way to start this, by going straight to the source. This happens only a few days after Paul Atkins officially became the new SEC chair. He already had his first public appearances. Like this one with President Trump. His priority is to provide a firm, regulatory foundation for digital assets. That fits Ondo to a T!

Atkins is already a former SEC commissioner. Furthermore, he was also a senior advisor for Securitize. Now, Securitize has, among others, a partnership with BlackRock. Well, BlackRock has its BUIDL fund. And who has strong ties to BUIDL, right, that’s Ondo Finance. So, this makes the circle round. 

Atkins being at the helm of the SEC seems very beneficial for Ondo Finance and the RWA sector as a whole.

Wall Street 2.0

One of the projects that Ondo Finance is working on is Wall Street 2.0. You can compare this to stablecoins, who took the US dollar on a digital global ride. Ondo’s Wall Street 2.0 will do the same for US capital markets. Ondo also calls this Ondo Global Markets.

This gives you access to thousands of tokens, all 1:1 backed by stocks, bonds, and ETFs. In other words, TradFi meets DeFi. However, currently, this platform is not available in the US. Nonetheless, with the SEC development I described a moment ago, things may change.

It should come as no surprise that Wall Street is opening up to the idea of tokenizing assets. This offers various advantages. For example, a market that is open 24/7. BlackRock’s BUIDL could be one of the vehicles. We saw already that Ondo has close ties to this fund.

Ondo also has the means to attract Wall Street. It already offers tokenized Treasuries on 9 chains. Coming up are bonds and ETFs. Ondo is building the rails that TradFi needs.

The $ONDO Price

Let’s first look at the current $ONDO price. That’s spot on $1. It has a $3.1 billion market cap and ranks 40th as measured by market cap. A weaker point is that only 3.1 billion $ONDO out of a max and total supply of 10 billion circulate. However, the next big and yearly token unlock is nine months away.

With all the recent news, over the last 14 days, $ONDO is up by 21%. By the looks of it, there’s more to come. So, despite its high market cap, there’s still plenty of growth potential for $ONDO. For example, check out our video about how many $ONDO you need to become a millionaire. We examine $ONDO up to $30.

Ondo’s TVL already surpassed $1 billion. So, that also looks good. But where can it go from here? Especially in the short term?

  • OCT Trades sees the next price target at $1.50.
  • This seems to be a popular next price target. Here’s another one that has a $1.25 to $1.50 price on its radar.
  • Dami-DeFi predicts a $3.50 price if this trend continues. That’s a 3.5x from here.
  • AllInCrypto predicts a $4 price range for $ONDO.

So, $ONDO is breaking out and the short-term price action and targets look good.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

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