Activity around Ondo Finance (ONDO) is resuming! This is happening in tandem with its new infrastructure and partnerships, so it looks like good days lie ahead.
Here’s the last one.
Ondo Finance’s on-chain activity explodes
According to Santiment Intelligence, new addresses have increased for three consecutive days. Metric success 754 on July 16; that’s about twice the pace seen earlier in the month. Daily active addresses also followed the pattern, ranging from 1410 to 2589 over the same period.
The key finding here is that new developments have brought attention to the platform.
Ondo recently launched tokenized stock representations using rights generated through DTCC’s tokenization infrastructure. This more closely ties its products to systems used in traditional U.S. markets.
The company said that with this, it joins a select club of major TradFi and DeFi companies. Some of the other well-known names include BlackRock, JPMorgan, Goldman Sachs, Nasdaq and the NYSE.
It also partnered with Japanese group SBI to bring Japanese stocks online. The aim is to distribute Ondo products through the SBI network and explore the use of a yen-backed stablecoin for settlement.
Much the same way, Ian De Bode, CEO of Ondo Finance, said:
This collaboration paves the way for bringing Japanese assets on-chain and connecting Japan to the tokenized global economy.
