What is Ondo Finance's Market Fundamentals Analysis for 2025?

Ondo Finance's core business: Tokenizing $7.5 million in US Treasury assets

Ondo Finance has positioned itself as a leading player in the real-world asset (RWA) tokenization space by transforming traditional U.S. Treasury bonds into blockchain-based digital assets. The company's flagship offerings include OUSG and USDY tokens, which represent short-term U.S. Treasury securities that can be traded 24/7 on blockchain networks. This innovative approach has propelled Ondo to become the second-largest player in tokenized U.S. Treasuries, commanding approximately 17% of the market share.

In September 2025, Ondo expanded beyond Treasury products to include tokenized U.S. stocks and ETFs through Ondo Global Markets (GM), significantly broadening its asset tokenization portfolio. This strategic expansion has contributed to Ondo's impressive growth in the RWA tokenization market.

The company recently extended its reach to BNB Chain in 2025, bringing over 100 tokenized stocks and ETFs to its 3.4 million daily active users. This move enhances accessibility for investors across Asia, Latin America, and other regions, allowing them to gain exposure to U.S. financial assets in a fast, cost-efficient environment. With this expansion, Ondo Finance continues to strengthen its position in the growing $1.8 billion tokenization market.

Market dominance: Ranked 3rd in RWA Treasury sector with 6x TVL growth

Ondo Finance has cemented its position as a significant player in the rapidly growing Real-World Asset (RWA) Treasury sector. According to CertiK's mid-2025 report, the RWA sector has experienced a remarkable fivefold increase to $26 billion since 2022, with Ondo securing the third position in market rankings. From early 2025 to present, Ondo's Total Value Locked (TVL) has demonstrated impressive growth from $612 million to $1.78 billion, representing a nearly 6x increase year-over-year.

This substantial growth has allowed Ondo to capture approximately 17% of the tokenized U.S. Treasuries market share. The company's expansion beyond Treasury products into tokenized U.S. stocks and ETFs through Ondo Global Markets (GM) has further solidified its position in the competitive landscape.

The success of Ondo Finance can be attributed to its innovative approach to tokenizing high-quality yield assets that attract institutional wallets. The company's strategic expansion into new product offerings has positioned it as a formidable competitor in the tokenized real-world assets space, with substantial potential for continued growth throughout 2025 and beyond.

Strategic partnerships with Morgan Stanley and Coinbase boost investor trust

Ondo Finance has established itself as a cornerstone in the tokenized real-world assets (RWAs) space through powerful institutional collaborations. The partnership with Morgan Stanley has significantly enhanced Ondo's credibility in traditional finance circles, while the Coinbase Ventures backing provides strong cryptocurrency ecosystem validation. These strategic alignments have created a perfect bridge between traditional and digital asset markets, evidenced by Ondo's remarkable 480% surge following these institutional partnerships.

The impact of these collaborations on investor trust is quantifiable through market performance metrics:

Founded in 2021 by former Goldman Sachs Digital Assets team leaders, Ondo has leveraged these institutional partnerships to accelerate its global expansion. The company has extended its reach into the Asia Pacific region and launched Ondo Global Markets with over 100 tokenized U.S. stocks and ETFs. Should the RWA segment experience projected growth, analysts suggest Ondo Finance could see its market capitalization exceed $10 billion, positioning it as a significant player in the institutional DeFi bridge by 2025.

Future growth: Expanding into new RWA products and targeting $17 billion market

Ondo Finance is positioned for remarkable expansion as the RWA tokenization market continues its explosive growth trajectory. The sector has already demonstrated significant development, surging from approximately $1 billion in 2022 to over $24 billion currently, with Ondo establishing itself as a key player in this revolution.

Looking ahead to 2025, Ondo is strategically expanding its product lineup beyond its successful tokenized treasuries to capture a greater share of the projected $17 billion market. This growth strategy is evidenced by recent developments including the SEC-backed Oasis Pro acquisition and new partnerships enabling expansion into tokenized stocks and ETFs on multiple blockchains.

Ondo's fundamentals remain strong, with its total value locked (TVL) reaching $1.56 billion by mid-September, a dramatic increase from $650 million in January. This impressive growth demonstrates institutional confidence in Ondo's technology and vision. With the broader tokenization market potentially reaching $10 trillion in bullish scenarios by 2030, Ondo's strategic positioning in regulated RWA products creates substantial growth potential for both the protocol and token value in the coming years.

FAQ

Can ondo reach $10?

Yes, Ondo could potentially reach $10 by 2030, driven by Real World Asset market growth and Ondo's innovation. This projection assumes favorable market conditions and continued expansion in the DeFi sector.

What is the ondo coin?

Ondo coin is a token used in Ondo Finance's platform, aiming to bring traditional financial markets on-chain. It's part of Ondo Global Markets, offering tokenized stocks and ETFs to non-U.S. users.

Does ondo crypto have a future?

Yes, Ondo crypto shows promising future potential. Projections suggest it could reach $380.26 by 2030, indicating significant growth opportunities in the coming years.

Is ondo backed by BlackRock?

Yes, Ondo's OUSG is backed by BlackRock. BlackRock is the largest holder of Ondo's BUIDL reserves.