- Ondo rose 1.5% to $0.77 over the past 24 hours, maintaining gains after a strong week.
- Ondo Finance announced a new industry alliance to create standards for tokenized securities two weeks ago.
- The Global Markets Alliance includes key industry players like Solana Foundation, BitGo, Fireblocks, Jupiter, 1inch, and several wallet providers.
- Alliance members are working together to improve interoperability, investor protection, and access to tokenized versions of U.S. public securities for global users.
- Technical analysis confirmed strong support and key resistance breakouts for ONDO, with a 2.67% gain within a 24-hour trading range.
Ondo, a digital asset token, increased by 1.5% to $0.77 in the last 24 hours, holding near recent highs after a positive week. According to a technical analysis model from CoinDesk Research, ONDO’s latest price movement follows several days of gains.
Around two weeks ago, Ondo Finance unveiled a collaboration with leading crypto and fintech companies. The group, called the Global Markets Alliance, will establish standards for tokenized securities—digital tokens that represent traditional financial assets like stocks or bonds. In a June 17 blog post, Ondo Finance said participants include wallets, exchanges, and custodians such as the Solana Foundation, BitGo, Fireblocks, Jupiter, 1inch, Trust Wallet, Bitget Wallet, Rainbow Wallet, and Alpaca.
The new alliance supports the upcoming launch of Ondo Global Markets. This platform is designed to allow crypto wallets and apps to offer users exposure to tokenized versions of U.S. publicly traded securities—including stocks, ETFs, and mutual funds—outside the United States. Ondo Finance stated this move aims to streamline access to these assets globally and reduce barriers tied to traditional capital markets.
Each company in the alliance brings specialized roles. Wallet providers such as Trust Wallet and Rainbow Wallet will integrate Ondo’s token standards, while platforms like Jupiter and 1inch will enable automated access to tokenized assets. BitGo and Fireblocks will focus on secure custody, and Alpaca will offer brokerage and regulatory services.
According to Ondo Finance, the alliance will develop shared technical and compliance standards, improve liquidity across platforms, and increase possibilities for self-custody and on-chain trading. The group has not set a specific timeline for these efforts but framed the initiative as part of a longer-term industry shift toward blending traditional finance and blockchain. In a June 28 post on X, Ondo Finance said, “2025 will be the year of tokenized stocks.”
CoinDesk Research’s technical summary shows ONDO rising from $0.75 to $0.77 between June 28 and 29, confirming strong support at $0.76 and breaking resistance at $0.77 on high trading volumes. Prices later fluctuated in a narrow range. The trading chart showed a descending channel, but indicators signaled a possible reversal at the close.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Donkey Kong Bananza Launches July 17 for Nintendo Switch 2
- Bitcoin Nears All-Time High Weekly Close as Bulls Regain Control
- Kenya Crypto Bill Sparks Fears of Binance-Linked Regulatory Bias
- REX Shares Set to Launch First Solana Staking ETF After SEC OK
- Trump Hails Bitcoin for Easing Dollar Pressure, Boosting Economy
