ondo
According to Coindesk Research’s technical analysis model, the past 24 hours has risen 1.5% to $0.7671 in the past 24 hours, near the nearest high after a week of harvest.
About two weeks after the move, Ondo Finance revealed a new industry collaboration focused on setting standards for marking securities.
exist June 17 Blog PostThe company announced the establishment of a global market alliance, a group of wallets, communications and custodians working together to improve interoperability, investor protection, and access to tokenized real-world assets. Participants included Solana Foundation, Bitgo, Fireblocks, Jupiter, 1-inch, Trust Wallet, Bitget Wallet, Rainbow Wallet and Alpaca.
The announcement comes ahead of Ondo’s planned launch of the Ondo Global Market, a platform designed to allow crypto wallets and apps to provide tokenized exposure to U.S. publicly traded securities such as stocks, ETFs and mutual funds, which is expected to extend the global scope of approvals and extensions to traditional capital markets, based on users outside the company, based on users outside the company, based on users outside the company, based on users outside the company, based on users outside the company, and based on users outside the company.
Each member of the alliance contributes with different abilities. Wallet providers like Trust Wallet and Rainbow Wallet are integrating Ondo’s token asset standards, while exchanges such as Jupiter and aggregators like 1-inch are expected to support programmatic access to token assets. Bitgo and Fireblocks are providing institutional custody and infrastructure, while Alpaca is handling brokerage and regulatory services for labeled securities.
The company said the group will work to align with the technology and compliance standards of tagged securities, improve cross-platform access and liquidity, and support use cases such as self-customers and OnChain Trading. While the alliance has not yet committed a specific timeline, its members have already made the program an initiative part of a long-term shift in integrating traditional financial products into blockchain-based systems.
exist Post on X Ondo Finance dates June 28, “2025 will be the year for token stocks”, suggesting that the team believes financial instruments that adopt tokens may accelerate in the coming quarters.
Technical analysis highlight
- Between 15:00 UTC on June 28 and 29 UTC on June 29, Ondo rose from $0.749 to $0.769, up 2.67% in the 3.33% trading range.
- During the 21:00 UTC hour on June 28, a lot of support was $0.755.
- The key resistance of $0.765 was damaged in the 00:00 UTC hour on June 29, when the volume reached $8.9 million.
- From 13:05 to 14:04 UTC on June 29, Ondo dropped slightly from $0.773 to $0.769, down 0.58% to 13:33 UTC.
- The temporary support level is $0.768, with multiple recovery attempts at $0.769 failing in the last few minutes.
- The price action in the last hour forms a downward channel to lower the highs, but the last candle hints at a potential reversal.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance Our standards. For more information, see Coindesk’s complete AI policy.
