Ondo Finance Jumps 15% as Money Rotates Into RWA Tokens

Ondo Finance (ONDO) jumped more than 15% as buying accelerated in tokens tied to the real-world asset, or RWA, theme.

As of July 21, ONDO traded at $0.4030, up 15.71% from a day earlier, according to CoinMarketCap. Market participants attributed the gain less to any single headline than to a broader rotation of capital into RWA-related tokens.

Demand for tokenized-asset plays also increased amid expectations for a more favorable regulatory backdrop. Recent discussions by the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission on the classification of digital commodities helped draw buying into the sector, according to market observers.

Ondo had already gained attention on July 15 after news reports said the Depository Trust & Clearing Corporation would begin a pilot program for blockchain-based stock trade processing. That fueled expectations for an expansion of Ondo's tokenized stock and exchange-traded fund business. Ondo has also announced the launch of a tokenized stock and ETF product, highlighting room for growth in the market.

A partnership with Japan's SBI Group was also cited as a positive catalyst during the same period. The companies agreed to pursue cooperation on asset tokenization in Japan and settlement using the JPYC stablecoin. The partnership with Japan's financial industry was interpreted as supporting expectations for broader growth in Asia's RWA market.