Multi-Trillion RWA Boosts ONDO to Lead Market, DTCC Tokenized Asset Trading to Launch in July

BlockBeats News, May 9th, according to HTX market data, Ondo Finance's native token ONDO led the market. As an RWA tokenization DeFi platform, its surge this time was boosted by multiple recent positive developments. The most significant news was the announcement this month by the Depository Trust & Clearing Corporation (DTCC) of the establishment of an industry working group. Ondo successfully made the cut and will help drive the tokenization of the U.S. capital markets. DTCC's limited trading of tokenized assets will also launch in July. Ondo will collaborate with institutions in both the traditional finance and decentralized finance sectors, including BlackRock, Goldman Sachs, JPMorgan Chase, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE, Circle, Fireblocks, Robinhood, and others.

On the business front, Ondo is also making good progress. Ondo Global Markets is actively expanding the tokenization of U.S. stocks and ETF trading, supporting over 260 assets, mainly targeting non-U.S. investors. The cumulative trading volume of tokenized equities has exceeded $2 billion. The team has partnered with Broadridge to enable voting rights for tokenized stocks, collaborated with Franklin Templeton to establish five tokenized ETFs, and recently completed cross-chain tokenization treasury redemption transactions with JPMorgan Chase, Mastercard, and Ripple. In terms of market performance, Ondo's Q1 2026 revenue was approximately $13.26 million, TVL grew from $26 billion to over $35 billion, maintaining a leading market share. Meanwhile, the SEC's investigation into it was concluded earlier this year without any charges, solidifying Ondo's leading position in the RWA field.