Highlights
Ondo Finance has announced the launch of Ondo Nexus, driving ONDO price growth and expanding liquidity for tokenized Treasuries. Post the announcement, ONDO price rose by over 15% reaching $1.38, with a trading volume exceeding $1.2 billion.
The token has also gained 7.74% over the past week, supported by increased investor interest in real-world asset (RWA) tokenization.
Ondo Finance has introduced Ondo Nexus, a new initiative designed to enhance liquidity for tokenized Treasuries issued by third parties. The platform will leverage assets from Franklin Templeton, WisdomTree, Wellington Management, and Fundbridge Capital while utilizing the 24/7 liquidity provided by BlackRock and PayPal. This move follows late last month’s step where Ondo Finance tapped Ripple to bring its tokenized US Treasury fund, OUSG, to the XRP Ledger (XRPL).
Nathan Allman, CEO of Ondo Finance, stated, “Ondo Nexus represents the next step in advancing tokenized Treasuries and the broader RWA category.” He added that the initiative strengthens partnerships with traditional finance institutions while improving the redeemability of tokenized assets.
Ondo Nexus enables investors to redeem tokenized Treasuries for stablecoins such as USDC, with PayPal USD (PYUSD) expected to be added soon. This development aims to improve the accessibility and flexibility of digital assets backed by traditional financial instruments.
Following the announcement of Ondo Nexus, ONDO price experienced a strong upward movement. The token has shown bullish momentum, reaching a high of $1.38. Increased demand for tokenized Treasuries and growing investor confidence in Ondo Finance have contributed to the recent price surge.
Technical indicators suggest a continuation of the upward trend. A Golden Cross has formed, with the 50-day moving average crossing above the 200-day moving average. This pattern often signals sustained bullish momentum. Additionally, ONDO price is forming a Falling Wedge pattern, which could lead to further gains if a breakout occurs.
The Relative Strength Index (RSI) currently stands at 50.68, indicating neutral to slightly bullish momentum. The next resistance level is estimated near $2.60, while support levels are at $1.01 and $0.79 should bears seize market control.
The RWA sector has experienced rapid expansion, with total value locked (TVL) in tokenized Treasuries surpassing $3 billion in 2024. Ondo Finance remains a key player in this space, offering 24/7 redemptions with no fees for investors. The ability to convert tokenized Treasuries into stablecoins has increased demand for these assets.
By integrating tokenized Treasuries from multiple issuers, Ondo Nexus strengthens the overall infrastructure of the RWA ecosystem. Investors now have more options to manage their assets efficiently, reducing reliance on traditional financial markets.
With increasing adoption of tokenized Treasuries and expanding liquidity solutions, ONDO price may continue its upward trajectory. Analysts expect further gains if the price breaks out of the Falling Wedge pattern. If momentum continues, ONDO price could test the $2.60 resistance level in the coming weeks.
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