Multiplier RWA Boosts ONDO to Lead Market, DTCC Tokenized Asset Trading to Launch in July

May 9th — Per HTX market data, Ondo Finance’s native token ONDO led gains in the market Wednesday. As a real-world asset (RWA) tokenization DeFi platform, the surge is backed by several recent bullish developments, with the most notable being an announcement from the Depository Trust & Clearing Corporation (DTCC) earlier this month. The DTCC announced the formation of an industry working group, selecting Ondo to help advance tokenization in U.S. capital markets. The firm also plans to launch limited trading of tokenized assets in July. Ondo will collaborate with traditional and decentralized finance (TradFi/DeFi) players including BlackRock, Goldman Sachs, JPMorgan Chase, Franklin Templeton, Morgan Stanley, Bank of America, Citadel Securities, NYSE, Circle, Fireblocks and Robinhood on the initiative. On the business front, Ondo Global Markets has expanded its tokenized U.S. stock and ETF offerings to over 260 assets—primarily targeting non-U.S. investors—with cumulative tokenized equity trading volume topping $2 billion. Key milestones include partnering with Broadridge to enable voting rights for tokenized stocks, collaborating with Franklin Templeton to launch five tokenized ETFs, and completing cross-chain tokenized treasury redemptions alongside JPMorgan Chase, Mastercard and Ripple. In Q1 2026, Ondo reported approximately $13.26 million in revenue, while its total value locked (TVL) grew from $26 billion to over $35 billion, retaining a leading market share. Additionally, the U.S. Securities and Exchange Commission (SEC) cleared Ondo of its investigation earlier this year, further solidifying its top position in the RWA tokenization space.