Ondo Finance has introduced the launch of Ondo Nexus, driving ONDO worth development and increasing liquidity for tokenized Treasuries. Publish the announcement, ONDO worth rose by over 15% reaching $1.38, with a buying and selling quantity exceeding $1.2 billion.
The token has additionally gained 7.74% over the previous week, supported by elevated investor curiosity in real-world asset (RWA) tokenization.
Ondo Nexus Expands Liquidity for Tokenized Treasuries
Ondo Finance has launched Ondo Nexus, a brand new initiative designed to boost liquidity for tokenized Treasuries issued by third events. The platform will leverage belongings from Franklin Templeton, WisdomTree, Wellington Administration, and Fundbridge Capital whereas using the 24/7 liquidity supplied by BlackRock and PayPal. This transfer follows late final month’s step the place Ondo Finance tapped Ripple to convey its tokenized US Treasury fund, OUSG, to the XRP Ledger (XRPL).
Nathan Allman, CEO of Ondo Finance, acknowledged, “Ondo Nexus represents the following step in advancing tokenized Treasuries and the broader RWA class.” He added that the initiative strengthens partnerships with conventional finance establishments whereas bettering the redeemability of tokenized belongings.
Ondo Nexus permits buyers to redeem tokenized Treasuries for stablecoins reminiscent of USDC, with PayPal USD (PYUSD) anticipated to be added quickly. This improvement goals to enhance the accessibility and suppleness of digital belongings backed by conventional monetary devices.
ONDO Worth Reacts to Increasing RWA Infrastructure
Following the announcement of Ondo Nexus, ONDO worth skilled a robust upward motion. The token has proven bullish momentum, reaching a excessive of $1.38. Elevated demand for tokenized Treasuries and rising investor confidence in Ondo Finance have contributed to the latest worth surge.
Technical indicators counsel a continuation of the upward pattern. A Golden Cross has fashioned, with the 50-day shifting common crossing above the 200-day shifting common. This sample usually alerts sustained bullish momentum. Moreover, ONDO worth is forming a Falling Wedge sample, which might result in additional beneficial properties if a breakout happens.
The Relative Power Index (RSI) at the moment stands at 50.68, indicating impartial to barely bullish momentum. The subsequent resistance stage is estimated close to $2.60, whereas assist ranges are at $1.01 and $0.79 ought to bears seize market management.
RWA Tokenization Sees Continued Development
The RWA sector has skilled fast growth, with whole worth locked (TVL) in tokenized Treasuries surpassing $3 billion in 2024. Ondo Finance stays a key participant on this house, providing 24/7 redemptions with no charges for buyers. The flexibility to transform tokenized Treasuries into stablecoins has elevated demand for these belongings.
By integrating tokenized Treasuries from a number of issuers, Ondo Nexus strengthens the general infrastructure of the RWA ecosystem. Buyers now have extra choices to handle their belongings effectively, lowering reliance on conventional monetary markets.
With rising adoption of tokenized Treasuries and increasing liquidity options, ONDO worth could proceed its upward trajectory. Analysts anticipate additional beneficial properties if the value breaks out of the Falling Wedge sample. If momentum continues, ONDO worth might take a look at the $2.60 resistance stage within the coming weeks.
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Kelvin Munene Murithi
Kelvin is a distinguished author with experience in crypto and finance, holding a Bachelor’s diploma in Actuarial Science. Recognized for his incisive evaluation and insightful content material, he possesses a robust command of English and excels in conducting thorough analysis and delivering well timed cryptocurrency market updates.
Disclaimer: The offered content material could embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability in your private monetary loss.
