The token belonging to an asset manager and the technological company focused on decentralized finances, Ondo Finance, extends the gains this week alongside an increasing cryptography market and new titles linked to the largest asset manager in the world, BlackRock.
While the wider bullish feeling of the crypto market is caused by the high possibility of a decision to reduce federal reserve rates, the increase in tokens coincides with the BlackRock plans to introduce negotiated stocks on the public blockchains, Bloomberg reported Wednesday.
Ondo increased by almost 10% over the day to $ 1.10 after registering more than 21% of earnings this week, Flirtatious The data show.
Thursday gains follow last week Launch of token versions of more than 100 actions, FNB and other actions listed in the United States on Ethereum via the DEFI protocol Global market platform.
Lai Yuen, investment analyst at Fischer8 Capital, said Decipher The update of Ondo prices is probably pulled by “excitement around tokenized actions”.
Protocol Defi Finance Ondo puts 100 token actions on Ethereum
The partners and advisers on the Ondo World Markets, who include Wisdomtree, helped develop the platform of $ 160 million on TVL over nine days.
This “underlines the whole early traction of the project,” said Yuen.
The total value of Ondo finance locked, on the other hand, has almost tripled since the beginning of 2025, going from $ 611 million to $ 1.57 billion, Defillama The data show.
The long -term perspectives remain optimistic, according to Yuen, which postulates that even if the project captures 10% of the stock market, it would result in “a generation of substantial costs for holders of Ondo token”.
“The regulatory gap of the project, reinforced by its advisory advice, offers a long-term long-term advantage which will be difficult to reproduce for competitors,” he said.
