Ondo Finance to SEC: Delay Nasdaq’s Tokenized Securities Plan — Transparency at Risk!
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Key Takeaways
Ondo introduces 100+ tokenized U.S. stocks and ETFs on Ethereum, fully backed by broker-dealer assets.
ONDO’s price has broken above a descending channel, with several indicators confirming buyers’ control.
If hype fades into a “sell-the-news” event, ONDO’s value risks retracing toward the $0.50 support.
Over the past 24 hours, Ondo (ONDO) has surged nearly 10% as excitement builds ahead of today’s Global Markets debut. The launch will bring more than 100 tokenized stocks and ETFs to Ethereum.
The last time ONDO’s price touched $1 was in early August. But with this new development set to expand Ondo’s reach, the token now looks poised to push well beyond that level.
Ondo Climbs on Tokenized Stocks Launch
ONDO’s price action is closely tied to the debut of “Global Markets,” its new platform enabling tokenized U.S. stocks and ETFs on Ethereum and beyond. Market excitement ahead of this major rollout has fueled the rally.
This move may not surprise seasoned market watchers. Ondo has long positioned itself at the forefront of Real-World Asset (RWA) tokenization, laying the groundwork for today’s Global Markets debut.
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Ondo’s tokenized stocks and ETFs come fully backed by U.S. assets. Each token is secured by the underlying stocks and ETFs held at one or more U.S.-registered broker-dealers, along with cash in transit.
This structure gives Ondo’s products a layer of transparency and credibility, anchoring them directly to traditional financial markets while bringing their accessibility to Ethereum.
From a technical perspective, ONDO’s price has broken out of a descending channel, signaling that the recent downtrend may be over. On the 4-hour chart, the MACD has confirmed a bullish crossover.
In line with this, the shorter Exponential Moving Average (EMA) has crossed above the longer EMA, indicating buyers are regaining control.
If sustained, ONDO’s price could break the resistance at $1.01 and rise past the upper-level resistance at $1.11.
Beyond the charts, Ondo confirmed that platforms including Bitget, OKX, and 1inch support the Global Markets launch.
The project also revealed plans to expand beyond Ethereum, bringing its tokenized products to other chains.
“Ondo Global Markets is going multichain, soon expanding to Ondo Chain, BNB Chain, Solana, and more, to make U.S. markets even more accessible worldwide,” The Institutional-Grade Finance project stated.
ONDO Price Prediction: $2 Soon
On the daily chart, CCN observed that the Money Flow Index (MFI) has climbed above the signal line, reflecting stronger inflows. This shift in momentum comes as the token flirts with the resistance line.
If ONDO’s price manages to close above this level, it could open the door to higher price targets.
If momentum holds, ONDO could break the $1.13 resistance and climb toward $1.52. The token’s market value could push above $2 in a highly bullish scenario.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
