ONDO Token Surges Past $0.38 on July 16 as Ondo Finance Launches DTCC-Backed Tokenized Stocks

ONDO1.61%
CRCL-7.67%
CRCLON-6.82%
SPYON-0.58%
On July 16, Ondo Finance launched tokenized stocks backed by DTC Tokenized Entitlements, and the ONDO token surged past $0.38. The first two assets using this model are Circle's publicly listed stock (CRCL) and the SPDR S&P 500 ETF Trust (SPY), represented onchain as CRCLon and SPYon. Both tokens are fully backed by their underlying securities and can be traded across exchanges, wallets, and DeFi platforms in Ondo's partner network.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments