ONDO survived a team-linked exchange deposit, but can buyers absorb continued whale selling?
An Ondo-linked address transferred 26.05 million ONDO to Coinbase in a move worth about $9.79 million, adding to a run of exchange-bound deposits from wallets tied to the tokenized-asset project. The transfer, tracked on-chain, is the kind of large exchange inflow traders monitor for potential sell-side pressure.
Ripple partner SBI Group has teamed up with Ondo Finance to bring Japanese equities onchain, using JPYSC for seamless settlement and accelerating the adoption of blockchain-powered investing across Japan.
SBI Holdings partners with Ondo Finance to tokenize Japanese assets on-chain and explore its JPYSC stablecoin for settlement.
Ondo Finance partners with SBI Group to tokenize Japanese equities using the JPYSC stablecoin for settlement. ONDO tokens surged 15-17% on the news.
ONDO, the native token of DeFi platform Ondo Finance, jumped 15% to $0.393, pushing its weekly gains past 20% and driving its market cap to nearly $1.87 billion.
SBI Holdings announced a partnership with Ondo Finance to tokenize Japanese equities and distribute its products through its network. The company will use its JPYSC stablecoin for settlement and collateral within the onchain financial markets ecosystem.
Ondo Finance has partnered with Japan's SBI Group to bring Japanese equities onto the blockchain and settle trades using SBI's yen-backed stablecoin, in a deal aimed at giving SBI's customers a way to buy Japanese stocks via the blockchain.
SBI collaborates with Ondo Finance for blockchain-based Japanese stock tokenization.
This partnership could accelerate the integration of traditional finance with blockchain, potentially reshaping global financial markets and regulations. SBI Holdings partners with Ondo Finance to tokenize Japanese stocks using yen stablecoin.
SBI Group has partnered with Ondo Finance to tokenize Japanese stocks and use its yen-backed JPYSC stablecoin for settlement and collateral.
ONDO jumped over 16% as investors welcomed a new partnership between Ondo Finance and Japan's SBI Group aimed at expanding tokenized securities into the Japanese market.