- Ondo Finance surpasses $2.5 billion TVL, driven by growing demand for tokenized real-world assets and institutional products.
- Mastercard partners with Ondo to offer tokenized U.S. Treasury bonds via the Multi-Token Network for faster access.
Ondo Finance has reached over $2.5 billion in total value locked (TVL), driven by the rising interest in tokenized real-world assets (RWA). The project is preparing to launch Ondo Global Markets, which will provide blockchain-based access to traditional financial products. This includes government securities and other fixed-income instruments.
Mastercard recently entered into a partnership with Ondo Finance to bring tokenized U.S. Treasury bonds to a wider audience. These bonds will be made available on-chain via the Mastercard Multi-Token Network (MTN), a framework launched in June 2024 to support asset tokenization for institutional use. The goal is to enable quicker settlement, broader access, and higher transparency in fixed-income trading.
1/ @Mastercard is bringing Ondo Finance into the Multi Token Network (MTN) as the first RWA provider on the network.
The MTN enables banks to offer digital financial services to integrated businesses, and Ondo’s Short Term US Treasuries Fund (OUSG) will be the first tokenized… pic.twitter.com/LP7iuRo7A3
— Ondo Finance (@OndoFinance) February 26, 2025
Through the MTN, Mastercard plans to link traditional financial infrastructure with blockchain platforms. As part of this collaboration, Ondo’s product, the OUSG Fund, will serve as a tokenized version of U.S. government treasuries. It is positioned for short-term holdings and allows qualified users to gain exposure to dollar-denominated instruments without direct access to traditional brokerages.
Ondo’s focus on RWAs aligns with a broader shift among institutional users toward asset classes that maintain more consistent growth compared to high-volatility crypto assets. The structure of these offerings appeals to investors seeking stable returns while maintaining on-chain accessibility. Blockchain settlement allows trades to clear outside standard banking hours and shortens processing times.
While the ONDO token price has moved in line with the broader market correction, the platform itself continues to expand its service range. The launch of Ondo Global Markets is expected to increase usage of its tokenized offerings.
This expansion, alongside the Mastercard partnership, adds weight to the argument that tokenized real-world assets may become a larger part of global capital flows. Institutions now have a path to integrate familiar financial instruments into blockchain frameworks without altering their risk models.
For now, Ondo Finance continues to grow its TVL while promoting regulated access to U.S. Treasuries. Its activity within the RWA segment reflects growing interest from both blockchain-native and traditional financial users. Whether that interest translates into broader adoption will depend on market behavior, regulation, and ongoing performance.
Ondo Finance (ONDO) is currently trading at $0.8451, reflecting a +1.80% daily gain. Although the token has bounced recently, it remains down 36.98% year-to-date and 4.37% over the last month, showing signs of prolonged correction after previously hitting an all-time high of $2.14. Over the past year, however, ONDO is still up 10.39%, and since inception, it has appreciated by over 181%, highlighting strong long-term growth despite short-term volatility.
Technically, ONDO is attempting to reclaim the mid-$0.80 range as support, after facing a 5.34% decline this week. Key resistance sits between $0.88–$0.90, and breaking above this range could reignite bullish momentum, potentially driving price toward $1.00 and $1.15.
If bulls fail to maintain current levels, downside support lies near $0.78–$0.74. Indicators like RSI and MACD are stabilizing, but not yet signaling a confirmed breakout, suggesting ONDO is still consolidating.
From a fundamental perspective, Ondo remains a major player in the real-world asset (RWA) tokenization space, aiming to tokenize U.S. Treasuries and institutional-grade yield products. Investor interest is resurging, particularly after the Trump crypto fund reportedly acquired $250,000 worth of ONDO.
New address creation is up 390%, and momentum is building around Ondo’s participation in tokenized finance, especially within regulatory-compliant frameworks like the Mastercard Multi-Token Network.
