Ondo

Ondo
ONDO
Contract address
0xfaba...269be3
Copy ONDO contract address
$0.4412
-$0.009432(-2.14%)Today
Market cap
2.15B
Total volume (24h)
114.75M
Volume / Market cap
0.0534
Circulating supply
4.87B
Day range (24h)
$0.4421$0.4723
All-time low
$0.0822
All-time high
$2.14

About Ondo (ONDO)

What is Ondo crypto?

Ondo Finance is a tokenization platform that brings traditional financial instruments—including publicly listed stocks, US Treasury bonds, ETFs, commodities, and indexes—onto public blockchain networks, so they can be bought or sold 24/5, and traded peer to peer 24/7, without a brokerage account. The ONDO token is the protocol's governance token, used to vote on decisions within the Ondo DAO. It's separate from Ondo's yield-bearing products like USDY and OUSG. As of July 2026, Ondo supports over 470 tokenized assets, all of which are available to trade on MetaMask. The current ONDO price is $0.44, with a 24-hour trading volume of $114,749,849.

Ondo Finance was started in 2021 by Nathan Allman, who had previously worked on Goldman Sachs' digital assets team. The protocol launched its first tokenized treasury products on Ethereum in January 2023, and the ONDO token became publicly tradable in January 2024 after the Ondo Foundation proposed releasing the token from its global lock-up. The company is now led by CEO Ian De Bode, who stepped into the role from his previous position as Ondo's president.

ONDO at a glance

Token type

Governance (Ondo DAO)

Launch date

January 2024 (token); January 2023 (first products)

Founded

2021

Max supply

10,000,000,000 ONDO

Current price

$0.44

Market cap

$2,148,514,948

All-time high

$2.14

24h volume

$114,749,849

Key products

USDY, OUSG, Ondo Stocks (formerly Ondo Global Markets)

Tokenized Ondo assets on MetaMask

470

Price history

Today (October 22, 2026)$0.4412-2.14%
24 hours ago (October 21, 2026)$0.4509-2.14%
1 week ago (October 15, 2026)$0.4356+1.29%
1 month ago (September 22, 2026)$0.4316+2.24%
1 year ago (October 22, 2025)$0.7267-39.28%

Calculator

ONDO market moves

Powered by MetaMask Market Insights


24h change: -4.41%. From $0.4942 to $0.4724.

  • Ondo Finance launched Ondo Private Markets on October 6, 2026. It offers tokenized notes tied to the per-share value of private companies at liquidity events, beginning with an unnamed pre-IPO artificial intelligence company. These notes are issuer obligations, freely transferable, composable onchain, and tradable 24/7 on secondary markets for eligible non-US investors. The platform extends Ondo's tokenization leadership from public equities and Treasuries into previously illiquid private markets, with future offerings planned for robotics, biotech, cybersecurity and infrastructure.
  • Recent updates include partnerships for international distribution of Korean equities and integration enabling faster redemptions in credit protocols. Ondo's tokenized stocks have surpassed $1 billion in value with over 450 assets, while tokenized Treasuries rank first by TVL at approximately $2.9-3.9 billion. These developments position Ondo as a leader bridging traditional finance and onchain infrastructure. The growth reflects broader institutional interest in real-world asset tokenization.

24h change: -3.13%. From $0.5079 to $0.492.

  • Ondo launched three portfolio tokens in September using nondiscretionary model strategies developed by BlackRock and expanded the lineup to seven by early October. Each token represents exposure to a weighted basket of assets with onchain visibility into holdings, weights and rebalances. Investors can mint, redeem or transfer the single token for use in wallets, exchanges and DeFi protocols without managing individual positions. The products target specific income and growth objectives and are available only to eligible investors outside the United States in permitted jurisdictions.
  • Bitnomial Exchange self-certified the Ondo US Dollar Spot contract with the CFTC on October 1 for potential trading as early as October 5. The physically settled, margined contract is based on a small unit of ONDO and classified as a financial instrument. This represents a regulatory filing that could expand institutional access to ONDO exposure in US regulated markets without constituting a CFTC endorsement of the token or protocol. Market adoption by makers and traders will determine usage.
  • Ondo Stocks has surpassed $1.26 billion in TVL with tokenized US stocks and ETFs available on multiple chains for non-US users. Equity supply and holder addresses in the sector have grown over 2,000 percent this year with the tokenized equities market reaching billions. Ondo leads the sector by TVL and continues to add integrations including with NEAR, institutional conversion of shares and partnerships for Korean equities. These metrics reflect rising adoption of tokenized real-world assets as collateral and in trading.

24h change: +3.83%. From $0.4893 to $0.5081.

  • Ondo Finance introduced three onchain portfolio tokens based on model strategies developed by BlackRock. These single tokens give eligible non-US investors exposure to diversified baskets of tokenized assets with full onchain visibility into holdings, weights, and rebalances. BlackRock licenses the strategies but does not manage the funds or hold fiduciary duty. The launch adds to Ondo's tokenized equities platform which has seen rapid TVL growth.
  • Ondo Finance signed an MOU with Kakaopay Securities to develop infrastructure for sourcing, tokenizing and distributing South Korean equities to global investors. The partnership includes joint research on tokenization, custody via omnibus accounts, and a task force for retail access. It builds on Ondo's existing tokenized stocks platform and aims to expand RWA reach into Asian markets while navigating regulatory requirements.
  • Ondo Finance's tokenized stocks platform surpassed $1.26 billion in total value locked within a year of launch. The ecosystem has seen strong secondary market trading volume and expansion to new chains including in-kind conversions for institutions. This growth coincides with launches of portfolio products and international partnerships while Ondo maintains leadership in tokenized treasuries.

24h change: -4.69%. From $0.5446 to $0.5191.

  • On September 24, 2026, Ondo Finance launched Ondo Intelligent Portfolios, introducing three tokenized investment products built on model strategies developed by BlackRock. The portfolios, named BLKHIon, BLKDIGon, and BLKGRWon, allow eligible non-US investors to hold diversified baskets of tokenized stocks, bonds, and Bitcoin ETFs as single onchain tokens. The products feature automatic rebalancing via smart contracts and are available on Ethereum and BNB Chain. Following the announcement, the ONDO token rose more than 25 percent in a single day and over 30 percent for the week.
  • Ondo Finance faces an ongoing legal dispute over corporate control following the death of founder and CEO Nathan Allman in May 2026. According to CoinDesk reporting on September 24, the company was reportedly shopped to potential buyers after Allman's death, though Ondo management has denied any sale activity. The Delaware Court of Chancery is overseeing the dispute between Allman's estate and acting CEO Ian De Bode. A court order allows De Bode to run daily operations but restricts major corporate changes until the dispute is resolved. The governance uncertainty creates a potential risk factor for the company despite strong product momentum.
  • As of September 28, 2026, ONDO is trading around 0.53 dollars, down from recent highs but up 32 percent over the past seven days. The token sits near the 0.52 dollar support level, with technical indicators showing a bullish daily structure but short-term pullback pressure. Trading volume reached over 217 million dollars in the last 24 hours, though volume has decreased by approximately 24 percent from the previous day. The broader crypto market declined 4.9 percent over 24 hours, with Bitcoin dominance at 58.75 percent, creating headwinds for altcoin price action.

24h change: +0.18%. From $0.5456 to $0.5466.

  • On September 24, 2026, Ondo Finance introduced Ondo Intelligent Portfolios, a new product category consisting of three tokenized portfolios. The portfolios BLKHIon, BLKDIGon, and BLKGRWon use nondiscretionary model strategies developed by BlackRock for Ondo and are implemented with tokenized assets that rebalance via smart contracts. Eligible investors outside the United States can mint, transfer, and redeem these as single onchain tokens usable across DeFi protocols. This development expands access to institutional portfolio construction in blockchain environments and reinforces Ondo's position in real-world asset tokenization.
  • The ONDO token rose more than 25 percent in a single day and over 30 percent for the week following the intelligent portfolios announcement and other ecosystem updates. Market data shows the token trading near $0.54 with 24-hour volume exceeding $230 million and a market capitalization of approximately $2.62 billion. Price performance reflects renewed interest in real-world asset infrastructure providers amid broader sector momentum. Analysts note whale accumulation and technical breakouts from recent accumulation ranges.
  • Multiple reports detail legal proceedings and family disputes over control of Ondo Finance following the death of founder Nathan Allman in May 2026. The company has denied reports of sale discussions and stated that operations and product development continue without interruption. Court filings in Delaware and Hawaii involve estate matters, conservatorship petitions, and governance questions. Coverage emphasizes that these internal issues have not halted Ondo's release of new tokenized products or partnerships.

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