{"id":20726,"date":"2024-05-17T12:41:47","date_gmt":"2024-05-17T12:41:47","guid":{"rendered":"https:\/\/coinengineer.io\/?p=20726"},"modified":"2024-05-17T12:41:47","modified_gmt":"2024-05-17T12:41:47","slug":"ondo-price-surges-as-investors-keep-buying-heres-why","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ondo-price-surges-as-investors-keep-buying-heres-why\/","title":{"rendered":"Ondo Price Surges as Investors Keep Buying: Here&#8217;s Why!"},"content":{"rendered":"<p>The recent tokenization efforts by major US banking giants have positively impacted Ondo Finance (ONDO).<\/p>\n<p>According to TradingView data, Ondo Finance&#8217;s token <a href=\"https:\/\/coinengineer.net\/blog\/blackrocks-buidl-fund-attracts-240-million-in-first-week-ondo-finance-commits-95-million\/\">ONDO<\/a> gained 8.45% on a daily basis and reached $0.946.<\/p>\n<p>The ONDO price started to rise after yesterday&#8217;s announcement by the Depository Trust &amp; Clearing Corporation (DTCC), the world&#8217;s largest securities settlement system. DTCC conducted a joint tokenization test with blockchain project Chainlink and banking giants such as JPMorgan, BNY Mellon, and U.S. Bank.<\/p>\n<p>Ondo Finance is also working on the tokenization of real-world assets (RWAs). The project recently introduced Ondo Global Markets, which provides access to traditional securities and their associated exchange liquidity.<\/p>\n<p>According to Lookonchain data, investors continue to buy ONDO as the price rises. A newly opened whale account withdrew 957 Ethereum (ETH) from the Gemini exchange and swapped 796.3 of them (worth $2.38 million) for 2.64 million ONDO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent tokenization efforts by major US banking giants have positively impacted Ondo Finance (ONDO). According to TradingView data, Ondo Finance&#8217;s token ONDO gained 8.45% on a daily basis and reached $0.946. The ONDO price started to rise after yesterday&#8217;s announcement by the Depository Trust &amp; Clearing Corporation (DTCC), the world&#8217;s largest securities settlement system.<\/p>\n","protected":false},"author":1,"featured_media":14676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[2101,3812,4729,1269],"class_list":["post-20726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-dtcc","tag-ondo","tag-ondo-finance-ondo","tag-rwa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ondo Price Surges as Investors Keep Buying: Here&#039;s Why! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"The recent tokenization efforts by major US banking giants have positively impacted Ondo Finance (ONDO).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ondo-price-surges-as-investors-keep-buying-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ondo Price Surges as Investors Keep Buying: Here&#039;s Why! 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