The White House endorses, Ondo has made significant strides within the regulatory framework.
Author:Dingdang
Original:Odaily
According to official information from Ondo Finance, the project has been included in the latest White House report by the President's Working Group. The report acknowledges tokenized securities, stablecoins, and programmable settlement as crucial components of the future financial system. This policy endorsement not only provides authoritative support for Ondo's business model but also highlights the strategic value of tokenized assets in the global financial market.
In fact, as early as April 24, Ondo demonstrated a proactive stance in the compliance field. Its representatives met with the SEC's crypto working group along with representatives from the renowned law firm Davis Polk & Wardwell LLP to explore the compliance framework for tokenized US securities in depth. The key discussion topics included asset structure models, registration requirements, market supervision, and financial crime compliance. Ondo proposed establishing a regulatory sandbox or seeking exemptions to create a more relaxed compliance environment for tokenized asset issuance. This dialogue provides important reference for the standardization of tokenized securities in the US market and highlights Ondo's forward-thinking approach in regulatory communication.
Market Overview and Prospects: The Rise of Tokenized Assets
As a crypto financial project focusing on real-world asset (RWA) tokenization, Ondo Finance has become a key player in the field since its mainnet launch in 2021. According to data from rwa.xyz, the global RWA market has exceeded $25 billion, with market growth significantly accelerating after 2024. As a bridge connecting traditional finance and blockchain technology, RWA is becoming a core track in the crypto economy.
BlackRock's BUIDL fund leads the industry with $2.4 billion in tokenized asset scale, a success that cannot be separated from Securitize's underlying protocol support. However, Securitize has not yet launched a token, although its EVM-compatible chain Converge, jointly developed with Ethena, aims to focus on RWA product development. While originally scheduled to launch in the second quarter of 2025, the mainnet has not yet been implemented. In comparison, Ondo has secured a market position with $1.34 billion in tokenized assets and was the first to issue a token, demonstrating its market competitiveness.
Since January 2025, the asset minting frequency on Ondo Finance has become more intensive, helping to push its on-chain OUSG scale to a new high.
Market Competition: ETF Application on the Agenda
The current market has entered a tokenization arms race, with exchanges accelerating their layout of tokenized stocks and ETF products. On July 23, 21 Shares submitted an S-1 application file for the ONDO ETF to the SEC. If approved, the ONDO ETF will become a new target for institutional funds, significantly enhancing the liquidity and market awareness of Ondo assets. This move also marks Ondo's critical step from an on-chain protocol to the traditional financial market.
Strategic Acquisitions: Enhancing Core Competitiveness and Technical Upgrades
Ondo's strategic layout not only includes active communication with regulatory agencies but also further enhances its core competitiveness through precise acquisitions. On July 4, 2025, Ondo announced the acquisition of Oasis Pro, an SEC-regulated broker, pending regulatory approval. If the transaction is completed, Ondo will obtain licenses for broker-dealers, alternative trading systems (ATS), and digital securities transfer agents, laying a solid foundation for its expansion in the US tokenized stock market. Additionally, on July 14, 2025, Ondo acquired Strangelove, a blockchain development company, further enhancing its capabilities in RWA on-chain infrastructure construction. These strategic acquisitions not only improve Ondo's technical and compliance advantages but also provide strong guarantees for its in-depth expansion in the on-chain financial field.
Platform Construction and Technological Innovation: Breaking Traditional Financial Barriers
Ondo Finance's core mission is to seamlessly migrate traditional financial assets to the blockchain, with its flagship product—Ondo Global Markets—embodying this vision. On May 23, 2025, Ondo officially launched the platform, supporting the trading of public securities (including stocks) on the Solana blockchain. On July 2, 2025, Ondo further disclosed that the platform will launch this summer, initially listing over 100 US stocks, with plans to expand to thousands by the end of the year. These tokens are 1:1 pegged to underlying stocks or cash, support on-demand redemption, and provide continuous trading 5 days × 24 hours. The platform is deeply integrated with the Solana DeFi ecosystem, further enhancing the composability and flexibility of on-chain finance.
Additionally, Ondo's technological capabilities have been widely recognized by traditional financial institutions. On May 14, 2025, JPMorgan successfully completed a transaction settlement on a public ledger in collaboration with Ondo and Chainlink. Although the transaction used a "walled garden" private network model, this collaboration validates Ondo's technological reliability in institutional scenarios and adds important endorsement to its market expansion in traditional finance.
Industry Collaboration: Promoting Globalization and Standardization of Tokenized Securities
Ondo Finance understands that the long-term success of tokenized securities depends on industry collaboration and standard-setting. On June 17, 2025, Ondo initiated the Global Markets Alliance to promote industry norms for tokenized securities. The alliance brings together industry giants including the Solana Foundation, Bitget Wallet, Jupiter, Trust Wallet, OKX Wallet, BitGo, Fireblocks, 1inch, and Alpaca. Through this cross-institutional collaboration, Ondo not only drives the global standardization of tokenized securities but also lays a solid foundation for its influence in the on-chain financial ecosystem.
Furthermore, Ondo Finance, in partnership with Pantera Capital, established the $250 million Ondo Catalyst Fund, aimed at investing in RWA tokenization projects covering equity and tokens. Ondo's Chief Strategy Officer stated that the current market has entered a "tokenization arms race" stage, with exchanges accelerating their deployment of tokenized stock and ETF products. The fund simultaneously promotes on-chain financial infrastructure development, with OKX Wallet already joining its Global Markets Alliance.
Conclusion
Amidst the noisy narrative waves, Ondo Finance is quietly positioning itself, proactively embracing compliance. From policy communication to technological implementation, from product design to industry collaboration, every step revolves around "compliance" and "sustainability". Instead of pursuing a quick, emotion-driven hit, it is silently building its moat at the levels of licenses, systems, and infrastructure. The doors of the mainstream financial world will not open for the loudest voices, but for those who truly understand the rules and can endure the cycle.
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