Ondo

24h change: +1.00%. From $0.3477 to $0.3512.

• A power struggle has broken out at Ondo Finance following the death of founder and former CEO Nathan Allman in May 2026. His estate, represented by his mother Kathleen Allman, has filed suit in Delaware courts alleging that current CEO Ian De Bode unlawfully seized control of the company by assuming the CEO role and making unilateral decisions on hires, grants, and board composition. The company board states it remains committed to operations without interruption as it searches for Allman's successor and recently appointed former executive Adam Schlisman as CFO. This introduces corporate governance uncertainty at a time of product momentum in real-world asset tokenization.
• Ondo Finance's USDY tokenized US Dollar Yield product, backed by short-term US Treasuries, has crossed $2.1 billion in market capitalization three years after launch. It ranks as one of the top three tokenized treasury offerings globally alongside products from Circle and BlackRock. The broader tokenized T-bills sector has achieved a new all-time high of over $16 billion in on-chain value according to data. These products deliver yields of approximately 4.8 percent APY with permissionless 24/7 minting and redemption across multiple blockchains including the recent addition of BNB Chain.
• Ondo Finance has enabled 24/7 minting, redemption, and trading for an expanding lineup of tokenized public securities representing major companies and ETFs such as Apple, Nvidia, Tesla, Amazon, and others. This removes limitations of traditional market hours. The platform partnered with Broadridge to add proxy voting capabilities to tokenized stocks. These upgrades, alongside multi-chain deployments and institutional integrations, position Ondo as a leader in bringing institutional-grade finance onchain with over $1 billion in current TVL across 440 plus assets.

24h change: -1.90%. From $0.3547 to $0.348.

• Ondo Finance introduced the Ondo Network, a private high-speed execution layer optimized for institutional needs in trading tokenized assets. This replaces earlier plans for a dedicated layer-1 blockchain, focusing instead on speed, privacy, and non-custodial trading that public chains struggle to provide at scale. The network powers Ondo Perps perpetual futures using tokenized assets as collateral and has already seen over 7 billion dollars in volume. The move reflects the maturing requirements of onchain capital markets as tokenization attracts more traditional finance participants.
• Ondo Finance named Adam Schlisman, former CFO of and Monashee Investment Management, as its chief financial officer. The hire supports scaling financial operations as the company manages over 3.5 billion dollars in tokenized products with more than 1 billion dollars in TVL. Schlisman joins amid expanding institutional adoption of tokenized markets and as Ondo evaluates potential acquisitions valued between 250 million and 500 million dollars.
• Ondo's USDY tokenized yield product surpassed 2.1 billion dollars in market cap on its third anniversary while the broader tokenized T-bills sector reached record levels. The platform maintains over 1 billion dollars in TVL across 440 plus assets with nearly 100000 unique holders and continues multi-chain expansion. Recent partnerships and product updates such as 24 over 7 minting for tokenized stocks reflect ongoing development in bridging traditional finance with onchain infrastructure despite token price consolidation near recent support levels.

24h change: +0.90%. From $0.3501 to $0.3532.

• Ondo Perps has exceeded 7 billion dollars in total trading volume shortly after its launch. The platform enables 24/7 leveraged trading on tokenized equities and other real-world assets. Ondo Stocks serve as collateral, driving significant weekly volumes that recently averaged over 1 billion dollars. This growth shows increasing real adoption of tokenized assets in decentralized derivatives trading and strengthens the utility of the broader Ondo ecosystem.
• Ondo Finance is evaluating a potential acquisition valued between 250 and 500 million dollars as consolidation accelerates across crypto infrastructure. The tokenized asset specialist manages more than 3.5 billion dollars in real-world assets and has built a capital-efficient business with limited venture funding. An Ondo representative stated the company regularly evaluates the market but is not currently in conversations with any party. This activity reflects broader M&A strength in the sector during 2026 with several large deals completed.
• Ondo Finance signed a memorandum of understanding with Mirae Asset Global Investments to tokenize ETFs through its Ondo Global Markets platform. The company also partnered with Japan's SBI Holdings to bring Japanese equities onchain. These deals build on the launch of 24 over 7 minting and redemption for tokenized US stocks and ETFs. They highlight growing institutional interest in bridging traditional finance with blockchain for broader global investor access.

24h change: -6.40%. From $0.375 to $0.351.

• The estate of late founder Nathan Allman has filed suit in Delaware to remove CEO Ian De Bode, alleging he assumed control without board approval following Allman's death in May 2026. Kathleen Allman claims controlling voting interest as estate representative and seeks to preserve the status quo. De Bode has rejected the claims as meritless, stating that key stakeholders, investors, and the Ondo Foundation support current leadership. The dispute underscores governance risks for prominent real-world asset platforms managing billions in tokenized assets.
• Ondo Finance has launched continuous minting and redemption for tokenized U.S. stocks and ETFs on Ethereum, BNB Chain, and other networks. The feature removes previous limitations tied to traditional U.S. market trading hours. It builds on earlier expansions including partnerships with SBI for Japanese equities and Mirae Asset for tokenized ETFs. Tokenized stocks now account for the majority of Ondo's holder base, signaling strong demand for onchain equity access.
• Grayscale has increased its allocation to ONDO to 25.44 percent in a major DeFi fund. Ondo Finance appointed former CFO Adam Schlisman as finance chief to support expansion of onchain capital markets. The protocol's USDY tokenized treasury product marked its third anniversary with a 2.1 billion dollar market cap, while the broader tokenized T-bills sector reached a record 16.16 billion dollars. Ondo Perps has added tokenized gold and silver as collateral and is approaching 7 billion dollars in cumulative volume.

24h change: -2.40%. From $0.3841 to $0.3749.

• Ondo Finance named Adam Schlisman, who previously served as CFO at and a global macro hedge fund, as its chief financial officer. The hire supports scaling as Ondo Stocks crossed $1 billion in TVL and Ondo Perps sees increased usage. Schlisman highlighted the shift of tokenized markets toward institutional scale and his role in building matching financial infrastructure. This adds depth to the leadership team amid broader growth in onchain finance.
• Ondo made its yield-bearing USDY token, backed by short-term U.S. Treasuries, live on BNB Chain. The launch includes instant minting and redemption capabilities. It increases access to onchain Treasury yields on a major high-throughput network alongside existing deployments on Ethereum and Solana. This aligns with record highs in the tokenized treasuries sector where Ondo remains a leading participant.
• Recent analysis indicates ONDO price action responding to healthier leverage, neutral funding rates, and positive spot flows after a deleveraging period. Traders are watching key levels near $0.38 support with potential resistance at $0.40–0.42 and higher targets if structure holds. This occurs against Ondo's continued product expansion in tokenized stocks, perps, and network infrastructure. The broader tokenized securities space has crossed significant milestones in total value.