Key Takeaways
- ONDO jumped 15% to $0.393 on July 16, 2026, as Ondo Finance partnered with SBI Group to tokenize Japanese assets.
- By joining DTCC’s initiative, Ondo helps link DeFi to a market infrastructure that processed $4.7 quadrillion in 2025.
- Ondo CEO Ian De Bode aims to scale the project by bringing more tokenized securities on-chain for investors.
Double Catalyst
ONDO, the native token of the decentralized finance ( DeFi) platform Ondo Finance, surged following an announcement that the firm is partnering with Japanese financial services giant SBI Group. The digital asset’s daily chart shows ONDO jumped 15% from $0.32 to $0.393, its highest level since June 15.
The rally was also fueled by an earlier announcement that Ondo had launched the first tokenized stock representations based on DTC digital entitlements. Generated through the DTCC Tokenization Service, these digital representations of securities held by the Depository Trust and Clearing Corporation gave the token an additional boost.
Ondo joins the DTCC’s largest tokenization initiative to date, alongside major financial institutions including Blackrock, J.P. Morgan, Goldman Sachs, Nasdaq and the New York Stock Exchange. The DTCC is the premier post-trade market infrastructure for U.S. securities, having processed approximately $4.7 quadrillion in transactions in 2025.
Together, the positive developments pushed ONDO’s weekly gains past 20% and lifted its market capitalization from $1.55 billion to nearly $1.87 billion. Furthermore, the token’s surge left it slightly higher than its Jan. 1 value, making it one of the few digital assets with positive year-to-date gains.
The landmark DTCC issuance allows the recording of tokenized entitlements to DTC-held securities, such as CRCL and SPY. These entitlements serve as digital twins for Ondo’s existing CRCLon and SPYon tokenised stocks. Because these securities can be converted between traditional and tokenized forms, they offer greater liquidity and flexibility across Ondo’s global partner network of exchanges, wallets and DeFi platforms.
“As tokenized securities markets continue to evolve, Ondo expects to play a leading role in bringing these assets on-chain for investors,” Ondo CEO Ian De Bode said of the DTCC integration.
Expanding into Japan via SBI Group
In a statement regarding the SBI Group alliance, Ondo Finance said the collaboration covers tokenizing Japanese assets with distribution across the SBI ecosystem and settlement using the JPYSC stablecoin. Commenting on the partnership, De Bode said:
“Japan is one of the most sophisticated capital markets in the world, and SBI sits at the center of it. This collaboration creates a path to bring Japanese assets on-chain and to connect Japan with the global tokenized economy.”
Yoshitaka Kitao, representative director, chairman, president and CEO of SBI Holdings, characterized Ondo as an ally that will help his firm achieve its goal of creating a digital assets corridor.
“Ondo Finance has established itself as a global leader in the tokenization of real-world assets and is at the forefront of the tokenized equities market. We believe Ondo will be a key strategic partner as SBI Group forms a global corridor for digital assets, and we look forward to rapidly advancing a wide range of initiatives together,” Kitao said.
According to a media statement, SBI and Ondo aim to build a bridge between Japan’s capital markets and the global tokenized economy, expand access to Japanese assets for investors worldwide, and lay the groundwork for yen-denominated settlement on-chain.
Blackrock, CME, Goldman, JPMorgan, NYSE, Nasdaq, Vanguard Among 30+ Firms in DTCC’s Successful Tokenized Trade Test
More than 30 traditional finance and digital asset firms joined a live DTCC tokenization event that moved securities held at…
Blackrock, CME, Goldman, JPMorgan, NYSE, Nasdaq, Vanguard Among 30+ Firms in DTCC’s Successful Tokenized Trade Test
More than 30 traditional finance and digital asset firms joined a live DTCC tokenization event that moved securities held at…
Blackrock, CME, Goldman, JPMorgan, NYSE, Nasdaq, Vanguard Among 30+ Firms in DTCC’s Successful Tokenized Trade Test
More than 30 traditional finance and digital asset firms joined a live DTCC tokenization event that moved securities held at…
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