Ondo Global has issued stocks and ETFs on the blockchain totaling over $300M — all just a month after launch.
Although the crypto market looked sluggish in September, ONDO showed signs of active accumulation. This gives hope for a return to the all-time high.
The first major achievement of Ondo Global Markets
Ondo (ONDO) has long been considered one of the leaders in bond tokenization — with products like OUSG and USDY. The volume of funds in this segment has already approached $1.4B, second only to Securitize with its $2.72B.
Recently, Ondo launched the Ondo Global Markets platform. And in less than a month, the volume of tokenized stocks and ETFs on it exceeded $300M. SPYon, IVVon, QQQon and TLTon — each has already gathered over $10M.
Ondo now lists 103 tickers, and in terms of coverage in this segment, it confidently holds first place. Securitize has about $250M and only one ticker.
Ondo Global Markets volumes. Source: Rwa.xyz
The $300M milestone in just a few weeks looks impressive — especially considering that most other projects in the RWA sector are still focused on loans and bonds and have barely entered stocks yet.
If you look only at price movement, September may seem “bearish.” But for ONDO, this is perhaps the most optimistic month in terms of fundamentals. Institutional inflows are rising, the range of tokenized assets is expanding, and with it, long-term investor confidence is strengthening.
ONDO Technical Analysis
On the ONDO chart, traders note that the phase of active accumulation may be over. A large “cup-shaped base” is forming — a pattern that could pave the way for new growth up to 70%.
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According to another analysis, large whales have been accumulating ONDO for several months and have been actively buying the support level around $0.84. Such behavior is usually seen as the final stage of clearing the market of weak positions before a possible start of sustained growth, if new demand appears.
“The drop in $ONDO won’t last long,” one trader commented.
Key levels are also highlighted. The $0.84-0.86 zone is considered the current accumulation area. The nearest target for retesting the all-time high is around $0.95-1.00, and if there is a real breakout, the next important zone will be the $1.10-1.17 range.
ONDO daily chart. Source: Dami
If the price consolidates below $0.84, the current accumulation structure will be broken. In this case, the path opens to a lower range — $0.71-0.67.
