ONDO Jumps 70% After DTCC Working Group and Treasury Pilot

Ondo Finance’s token ONDO rose roughly 70% over the past week, reaching $0.48 on Friday before easing to about $0.44 at press time. The token was up about 24.5% over 24 hours and hit its highest level since December 2025.

Market data show the rally began in early May and accelerated after two industry events. On May 4 the Depository Trust & Clearing Corporation added Ondo Finance to its tokenization working group, which includes more than 50 financial firms. On May 6 Ondo participated with Kinexys by JPMorgan, Mastercard and Ripple in a cross‑border pilot to redeem tokenized U.S. Treasuries.

Ondo Finance described the pilot as “the first time tokenized U.S. Treasuries have settled across borders and banks in near real time and outside traditional banking windows.” The DTCC has said it will launch a tokenization service in October, with initial production trades scheduled for July.

On‑chain data point to rising balances among larger holders over the past month. Santiment data show wallets holding 1 million to 10 million ONDO increased from about 555.38 million to 594.05 million, an addition of roughly 38.67 million ONDO. Addresses holding 100,000 to 1 million ONDO rose from 145.87 million to 154.95 million, adding about 9.08 million. The cohort holding 10 million to 100 million ONDO grew from 2.00 billion to 2.03 billion, an increase of roughly 30 million.

Combined, those three holder groups added about 77.7 million ONDO over the month. The accumulation occurred across multiple holder tiers rather than being concentrated in a single group.

Ondo Finance develops tokenized versions of regulated assets, including U.S. Treasury securities, and has taken part in pilots aimed at shortening settlement times and enabling cross‑border routing. Market participants are watching the DTCC rollout and the results of tokenized Treasury pilots for further integration with existing financial infrastructure.