Multiple RWA incentives drive ONDO to lead the market, DTCC's tokenized asset trading to launch in July

BlockBeats News, May 9, according to data from a certain exchange, Ondo Finance's native token ONDO is leading the market. As an RWA tokenization DeFi platform, this surge is driven by multiple recent positive developments, the most significant being that the Depository Trust & Clearing Corporation (DTCC) announced the formation of an industry working group this month, Ondo was successfully selected to join and will help advance the tokenization process of the US capital market. DTCC's limited transactions of tokenized assets will also begin in July. Ondo will collaborate with traditional and decentralized finance institutions such as BlackRock, Goldman Sachs, JPMorgan, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE, Circle, Fireblocks, and Robinhood to jointly design solutions.

Ondo's business is also progressing well. Ondo Global Markets is continuously expanding the scope of tokenized US stock and ETF trading, now supporting over 260 assets, primarily targeting non-US investors, with cumulative tokenized equity trading volume exceeding $2 billion. The team has partnered with Broadridge to enable voting rights for tokenized stocks, established five tokenized ETFs with Franklin Templeton, and recently completed cross-chain tokenized treasury redemption transactions with JPMorgan, Mastercard, and Ripple. In terms of market performance, Ondo's Q1 2026 revenue was approximately $13.26 million, TVL grew from $2.6 billion to over $3.5 billion, maintaining a leading market share. Meanwhile, the SEC's investigation into Ondo concluded with no charges at the beginning of the year, consolidating its leading position in the RWA sector.