Ondo news

Tokenization is following a similar growth trajectory to the $20 trillion ETF market, with the convergence of blockchain and AI set to drive the next wave of demand, according to Ondo Finance's new head of portfolio products John Hoffman. He compared the current skepticism around tokenization to the early days of ETFs, which were once called 'weapons of mass destruction' before becoming mainstream. The tokenized asset market has surpassed $33 billion and could grow to $5.5 trillion by 2030, per Citi, or $18.9 trillion by 2033, per Boston Consulting Group and Ripple. Hoffman envisions a future where AI agents autonomously trade tokenized assets, requiring onchain infrastructure and real-time portfolio management. Ondo plans to expand from tokenized Treasurys into stocks, ETFs, and perpetual futures.

Exodus Movement Inc. has launched a tokenized trading platform called Exodus Markets in partnership with Ondo Finance, enabling customers to trade over 200 tokenized stocks, ETFs and real-world assets on Solana. The service is available to eligible users through the Exodus self-custodial wallet app. The move expands Exodus from a self-custodial wallet into a broader financial platform. Exodus CEO JP Richardson said the offering gives customers direct control and global access to tokenized equities. Exodus, listed on NYSE American under EXOD, was among the first public companies to tokenize its stock in 2021. The launch comes amid surging demand for tokenized equities, which reached $5.5 billion in market cap as of June 8, a 147% increase since the start of the year, according to The Block's data. The category is the fourth-largest real-world asset class.

Exodus has launched Exodus Markets, a tokenized asset marketplace in partnership with Ondo Finance, offering over 200 tokenized stocks, ETFs, and real-world assets on Solana. Eligible users can access the service via the latest app update, though tokenized assets do not confer shareholder rights. Exodus has not disclosed which jurisdictions are supported. Tokenized equities are surging, with total value reaching $3.5 billion, up 139% in 30 days, driven largely by xStocks. The sector's growth has expanded into pre-IPO markets, with exchanges like Kraken, Bybit, and Binance offering tokenized SpaceX exposure. However, Bybit recently refunded subscribers after xStocks failed to secure underlying shares.

Ondo Finance has hired former Invesco ETF executive and Grayscale managing director John Hoffman to lead the development of onchain investment portfolios. Hoffman will focus on building and distributing tokenized portfolios, including investment baskets developed with asset managers. The hire signals Ondo's ambition to move beyond tokenized single assets toward managed investment products on blockchain rails. Hoffman noted that onchain finance will compress the timeline for adoption, similar to the ETF evolution. Tokenization is gaining traction with major financial firms like BlackRock and JPMorgan. The market for tokenized assets has surpassed $30 billion, with projections of significant growth. Ondo has already expanded into tokenized equities, with over $1 billion in total value locked.

Ondo Finance founder Nathan Allman has died unexpectedly at age 32, the company announced. The cause of death was not disclosed. Allman founded Ondo in 2021 after working at Goldman Sachs, and under his leadership the protocol brought about $3.86 billion in tokenized real-world assets on-chain. President Ian De Bode has been appointed CEO, effective immediately. De Bode joined Ondo in March 2024 as chief strategy officer from McKinsey and was promoted to president in November 2025. The company stated he has been leading strategy, product, and day-to-day operations for over two years.

Ondo Finance founder Nathan Allman has died, the company announced Tuesday without disclosing the cause. The firm expressed profound sadness and praised Allman's brilliance and vision for building a more open financial system. President Ian De Bode, who has led operations for over two years, will assume the role of CEO. Allman founded Ondo in 2021 after working on Goldman Sachs' digital assets team, growing the platform to $3.5 billion in total value locked with products like tokenized Treasuries and yield-bearing stablecoins. The company said it will continue building on Allman's legacy as the most meaningful way to honor him.

Nathan Allman, founder and CEO of Ondo Finance, a pioneer in blockchain tokenization of real-world assets, has died at age 32. The company announced his unexpected passing on Monday, expressing condolences to his family. Allman led Ondo to tokenize $3.86 billion in assets like U.S. Treasuries and stocks, attracting Wall Street interest. He previously worked at Goldman Sachs and founded a crypto hedge fund. Ondo president Ian De Bode has been appointed CEO, vowing to continue Allman's mission.

Nathan Allman, founder and CEO of Ondo Finance, has died unexpectedly, the company announced Monday. Allman, a former Goldman Sachs digital assets team member, founded Ondo in 2021 and built it into a major blockchain firm focusing on tokenized real-world assets. President Ian De Bode, who has led strategy and operations for over two years, will assume the role of CEO. The company said Allman's mission to build an open, accessible financial system remains unchanged.

BeInCrypto analysts highlight three altcoins to watch this weekend: Ondo Finance (ONDO), Hyperliquid (HYPE), and Zcash (ZEC), driven by institutional catalysts, ETF inflows, and whale activity. ONDO trades at $0.41, holding 60% of the tokenized stocks market. Whale accumulation and a falling channel pattern suggest potential upside, with key resistance at $0.42 and support at $0.40. HYPE trades at $57.68, with a new all-time high near $62.73. Institutional inflows from a16z-linked wallets and ETFs support a bull flag pattern. A breakout above $58.58 could target $95.71. ZEC trades at $656.65 after a 20% weekly rally, with conflicting whale positions: a $36 million short by Garrett Jin and a 10x long on 36,875 ZEC. A bull flag pattern suggests potential upside above $690-$693.

Ondo Finance's ONDO token surged 16% in 24 hours, breaking out of a three-month accumulation zone between $0.25 and $0.30. The move was accompanied by strong volume, with the price now testing the 0.5 Fibonacci level at $0.37. The next upside targets are $0.41 and $0.47, according to Fibonacci extensions. The breakout aligns with a Bloomberg report that the SEC is preparing an innovation exemption to allow tokenized securities trading on decentralized platforms, a structural shift benefiting Ondo Finance's real-world asset infrastructure. Ondo holds an estimated 70% share of the tokenized equity issuer market. Analysts highlight that the 4-hour chart shows a falling channel breakout, with support at $0.33. If buyers defend this level, ONDO could target $0.41 and $0.47. A breakdown below $0.33 would invalidate the bullish thesis and risk a return to the accumulation range.