Key Insights:
- Ondo Finance teams up with Franklin Templeton to tokenize ETFs, enabling 24/7 on-chain access via crypto wallets.
- Ondo controls nearly 60% of the tokenized stocks market, reinforcing its dominance in the RWA sector.
- Despite strong fundamentals, the ONDO price remains range-bound, suggesting consolidation ahead of a breakout.
The Ondo Finance just announced it has inked a strategic partnership with Franklin Templeton, one of the world’s largest asset managers with $1.7 trillion in AUM.
The new Ondo Finance partnership aims to tokenize the firm’s managed investment products. The primary goal will be to bring them on-chain through Ondo Global Markets.
The move lets investors access Franklin Templeton ETFs directly from crypto wallets, with 24/7 trading through Ondo Finance. No brokerage account required, and no limited trading hours. This represents the latest development in TradFi as it transitions to fully on-chain.
The numbers behind this deal are massive. About $1.7 trillion in assets may be tokenized as part of this collaboration. This is the latest example of institutional money crossing the on-chain bridge.
Ondo Finance Holds Nearly 60% of Tokenized Stocks Market
Ondo Finance already dominates tokenized stocks. Data from rwa.xyz shows the market for tokenized stocks now sits at $959.97 million. Ondo Finance controls $566.6 million of that total, which works out to 59.89% market share.
RWA.xyz data shows that Ondo leads with 230 tokenized stocks, well ahead of xStocks in second at 26%, and everyone else trailing far behind. Ondo’s slice has grown another 19.06% in the last 30 days, while transfer volume across the whole sector jumped 55%.
In an interview on The Rollup podcast, Head of Innovation at Franklin Templeton, Sandy Kaul, discussed the massive opportunity in tokenizing traditional finance assets like ETFs.
According to Kaul, big traditional asset managers see tokenization as a way to unlock huge new capital flows into crypto. She noted that the global ETF market is $30 trillion, and if Ondo can just get 5% from new audiences, that will be about $1.5 trillion more coming into the crypto ecosystem.
What the 24/7 Ondo-Tokenized ETFs Mean for Investors
Investors win in three ways. First, they get instant access through any crypto wallet. Second, they get composability because these tokenized assets can plug straight into DeFi once live.
Finally, crypto gets a credibility boost when a $1.7 trillion TradFi giant picks Ondo Finance as its on-chain partner, prompting every other asset manager to adopt the same playbook.
The market has already reacted the only way it knows how. ONDO holders have seen a modest upside of 2.4% since the announcement dropped yesterday, but the real move is still building.
Tokenized stocks volume has been surging higher, and Ondo’s dominance on the rwa.xyz league table keeps widening. This is infrastructure getting adopted at the highest level.
Ondo Price Remains in Consolidation Despite Trillion-Dollar Deal
The 4-hour ONDOUSDT price chart looked choppy and maintained sideways movement since the beginning of February. The 50-day and 200-day simple moving averages (SMA) are all intertwined, signaling no discernible direction in the ONDO market at the moment.
On the positive side, this can be viewed as a period of accumulation, where smart investors manipulate the price from crashing lower or rising higher as they fill their bags before the breakout to the upside.
There have been several liquidity sweeps, both on the demand and supply sides, signaling the 2-month range as a prime liquidity hunting zone for market makers.
Ondo’s fundamentals are some of the strongest in the market right now, aside from Bittensor (TAO), and price usually catches up to fundamentals. The relative strength index (RSI) is above the 50-midline, signaling that buying pressure was increasing. This was likely due to the recent announcement.
Ondo Finance has positioned itself as the default rail for institutional RWAs, and with nearly 60% of the tokenized stocks market already locked down, the price will soon follow.
The post Ondo Finance Announces Strategic Partnership with Franklin Templeton appeared first on The Coin Republic.