May 13
Ondo (ROAF) Surges 24 Percent as Tokenized Asset TVL Exceeds $5 Billion
Ondo (ROAF) Surges 24 Percent as Tokenized Asset TVL Exceeds $5 Billion
➤ Ondo Finance has surpassed $5 billion in Total Value Locked (TVL) for its tokenized Treasury products, demonstrating strong institutional demand and growth in the RWA sector. ➤ The platform is expanding beyond Treasuries with Ondo Global Markets tokenizing over 260 U.S. stocks and ETFs, and introducing a derivatives platform, Ondo Perps. ➤ Despite operational success, the ONDO token's lack of direct revenue capture and centralized governance present long-term risks, while a pilot with J.P. Morgan and Ripple showcased rapid settlement capabilities.