Strong demand for tokenized treasuries has pushed cross-border tokenized finance adoption.
Ondo Finance is rapidly becoming one of the biggest beneficiaries of the institutional tokenization wave, and ONDO price action is beginning to reflect that shift. The token surged more than 25% today and nearly 70% this week as investors reacted to accelerating adoption of blockchain-based treasury products and renewed momentum across the RWA market.
Ondo surged 33.65% to $0.4635, leading the gainers, while Toncoin fell 5.76% to $2.56, marking the biggest loss.
Traders are in a tough spot, caught between the strong upward momentum and the potential of a longer-term downtrend.
Pilot links blockchain redemption with instant cross-border fiat settlement infrastructure.
Ondo price surged above $0.30 after a JPMorgan-Mastercard tokenized Treasury pilot and strong Q1 growth pushed TVL to $3.53 billion. According to data from crypto.news, Ondo (ONDO) climbed to an intraday high near $0.
Ondo Finance has carried out the world's first near-instantaneous cross-border and cross-bank redemption of a tokenized U.S. Treasury fund. The pilot, executed in partnership with Kinexys by J.P.
Ondo Finance says it has completed what it describes as the first cross-border, cross-bank redemption of tokenized U.S. Treasuries, conducted alongside JPMorgan's Kinexys digital payments unit, Mastercard, and Ripple.
JPM shares advance following tokenized Treasury settlement trial with Ripple and Ondo
The total value locked (TVL) of Ondo Finance increased from $2.6 billion to $3.53 billion during the first quarter of 2026. The platform processed $13.26 million in revenue during the same period, consolidating a share of over 60% in the tokenized equities market. The price of ONDO broke through the technical resistance of $0.
Ondo is gaining significant institutional traction after being selected to participate in a key working group led by DTCC. This move places Ondo in direct collaboration with established financial institutions and infrastructure leaders, working to define how traditional assets can be brought on-chain at scale.
Ondo breaches resistance, partnering with the DTCC to bring the core of U.S. capital markets onchain.