Ondo’s ONDO Gains 70% After DTCC Nod, Treasuries Pilot
ONDO climbed about 70% this week after the DTCC added Ondo to its tokenization working group and a cross-border pilot settled tokenized U.S. Treasuries.
Ondo Finance’s ONDO token rose roughly 70% over the past week, reaching $0.48 at its peak — the highest level since December 2025. After a pullback, ONDO traded near $0.44, up about 24.5% over 24 hours.
Momentum accelerated after two developments in early May. On May 4 the Depository Trust & Clearing Corporation added Ondo to its tokenization working group, which includes more than 50 financial firms.
On May 6 Ondo took part in a cross-border pilot redemption of tokenized U.S. Treasuries alongside Kinexys by JPMorgan, Mastercard and Ripple. Ondo Finance wrote, “This milestone marks the first time tokenized U.S. Treasuries have settled across borders and banks in near real time and outside traditional banking windows.”
On-chain data from Santiment shows large holders increased their ONDO balances in the month before the rally. Wallets holding between 1 million and 10 million ONDO rose from about 555.38 million to 594.05 million, adding roughly 38.7 million tokens. Holders in the 100,000–1 million range grew from about 145.87 million to 154.95 million, an increase near 9.1 million. The 10 million–100 million cohort rose from about 2.00 billion to 2.03 billion, adding roughly 30 million. Together those groups added about 77.7 million ONDO.
The DTCC has scheduled its tokenization service to launch in October, with initial production trades planned for July.
Ondo’s recent price gains have erased losses recorded earlier in 2026.
Articles by this author
