Ondo Finance is considering an acquisition worth between $250 million and $500 million, with potential targets in sectors including wealth technology, but has not yet hired formal advisors. Ondo responded that the company continuously evaluates market opportunities in its daily operations and is not currently in negotiations with any counterparty. Founded in 2021, Ondo primarily offers on-chain financial products such as tokenized US Treasury bonds and stocks, and currently manages over $2.5 billion in assets. (CoinDesk)
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Crypto Tony
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$ONDO / $USD - Latest News
If Bitcoin can hold its advantage, I expect it to break through the high today.
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梭教授说
07-29 10:45
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7.29 All-in Morning Report:
An unexpected plunge, followed by a surprisingly strong rally. Storage is quite interesting; indeed, after a significant drop, these volatile assets are the perfect buy.
1. $BTC retreated along with US stocks and hasn't returned to its previous highs yet. Let's continue to wait patiently.
2. $ETH performed relatively well, only showing some strength.
3. $SOL looks so-so, only showing small-scale activity.
4. US lawmakers are pushing to include crypto assets in traditional "laundering rules" to close tax loopholes.
5. CryptoQuant: TradFi's perpetual contracts are a growth highlight, doubling to over $2 billion in two months.
Casinos still prefer gambling.
6. Ondo Finance abandons Layer 1 plans and launches the private, high-speed trading network Ondo Network.
Is it a scam?
7. SEC Chairman: Optimistic about Congress passing the Clarity Act;
8. Robinhood Chain on-chain transaction volume and user numbers continue to decline after the initial Meme coin-driven surge;
9. Informal ceasefire collapses; Iran launches missiles at US military bases this morning, crude oil surges 4%;
Are both sides treating war like a game?
10. Block Scholes analyst Thahbib Rahman: Any dovish signals from the Federal Reserve could be beneficial for Bitcoin;
11. RL1 blockchain network launches operations; the underlying platform has processed over €700 million in transactions in three years;
Is it operating covertly?
12. Jump Capital has raised $350 million for AI investments;
13. Grayscale: Hype and PE are still undervalued, with a forward P/E ratio of approximately 15 to 18;
There's reason to suspect Grayscale is planning to launch a Hype and PE ETF;
14. Fidelity Q3 Signal Report: Net unrealized gains and losses for BTC, ETH, and SOL are all at historical lows, with many indicators approaching capitulation territory;
15. Nvidia's 5-year credit default swaps surge, raising concerns in the bond market about AI infrastructure revolving financing;
Revolving loans are a familiar concept;
16. South Korea's Financial Services Commission: If demand for leveraged single-stock ETFs doesn't cool down, it will consider setting limits on individual investment amounts;
Everyone wants to know these things, but how do you recover your losses without leverage?
17. The US and Iran are close to restoring the 60-day memorandum of understanding; Iran and Oman have approved a new proposal for the Strait of Hormuz.
------------- Is today a day of great miracles for global stock markets? Wait, wait, are we finally going to break even? I can't take this continuous decline anymore.
#Bitcoin #Ethereum #Solana #Crypto #Nasdaq
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CoinMarketCap
07-29 03:53
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Breaking news: 📊 Robinhood Chain leads all tokenized stock platforms with 328,000 holders one month after its launch, but according to DWF Labs data, its $44 million stock value lags behind Ondo's $857 million and xStocks' $487 million.
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Token Terminal 📊
07-29 01:53
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Over the past year, the on-chain market capitalization of tokenized stocks has grown by 2163.8%, reaching $2.4 billion, with @Ondo accounting for 39.4% of the market share.
These issuers are racing to bring an asset class worth approximately $150 trillion onto the blockchain, and the current market growth momentum is quite similar to the early expansion of stablecoins in 2019.
Source:
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BNB Chain
07-29 01:24
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This quarter, institutional access shifted from filing documents to product listings.
The VanEck BNB ETF (VBNB) listed on Nasdaq in late May, becoming the first U.S. spot BNB product. Grayscale's GBNB, after revisions in May, is still under review by the U.S. Securities and Exchange Commission (SEC).
Tokenized stocks are the fastest-growing vertical.
bStocks launched on June 11 as a 1:1 backed U.S. security, settled on the BNB Chain. As of June 27, 10 tokenized stocks had been listed. SpaceX's tokenized stock (SPCX) launched on June 12 in the same week through three issuers: bStocks from @binance, @Ondo, and @xStocksFi. xStocks surpassed 100 stocks listed in early May.
Trading volume of tokenized assets on the BNB Chain decentralized exchange (DEX) grew from $5.3 million in Q1 to $70.2 million in Q2, with $66 million coming after the launch of bStocks in June. Ondo Global Markets contributed $2.2 billion of this, with a single-day peak of $98.7 million.
Tokenized equity trading volume was approximately $2.3 billion this quarter. @lista_dao and @venusprotocol accepted bStocks as collateral for loans within days of launch, resulting in a rapid influx of liquidity following the issuance.
The BNB Smart Chain processed 1.41 billion transactions in Q2, a 1.3% increase from Q1, despite a decline in speculative trading. This equates to approximately 15.4 million transactions per day, primarily driven by settlement and application activity rather than transaction volume.
The number of contract deployments remained stable at 4.52 million, while the number of daily unique deployers grew by 5% to approximately 4,500. Builders did not follow the meme cyclical decline.
Stablecoin supply hit a new record of $13.9 billion, a 3.2% increase quarter-over-quarter and approximately 37% year-over-year. USDT's market capitalization remained stable at $9.2 billion, USD1 at $1.8 billion, and USDC's increased by $300 million to $1.6 billion, the largest single increase this quarter.
Stablecoin trading pairs currently account for the largest share of trading volume on decentralized exchanges (DEXs), at approximately 39%. BNB Chain also absorbed over $4.5 million in user transaction fees through its "0-Fee Carnival" event (extended to June).
The Osaka/Mendel hard fork was activated as planned on April 28: nine BEPs, requiring client upgrades. No penalty events occurred during the transition.
Final confirmation time improved by 37% to approximately 650 milliseconds. The block interval has decreased to 450 milliseconds, and according to our second-half technology roadmap, baseline throughput reached approximately 5,200 TPS in June, up from approximately 2,800 TPS in January.
Supply discipline remains mechanized. The 35th quarterly automatic burn in April removed 1.57 million BNB (approximately $1.02 billion), with an additional 5,048 BNB burned in real-time via BEP-95. The total supply at the end of Q2 was 134.8 million BNB, down from 140.8 million a year ago, and the 36th burn is expected to remove approximately 1.62 million BNB.
There is no issuance of BNB, so validator revenue comes entirely from transaction fees. Daily net emissions were negative throughout the quarter, resulting in a net income of $28.8 million for token holders without any dilution, and the staking ratio rose to 19.1%.
The BNB Agent SDK launched on the mainnet on May 18th, with initial partners including Google, AWS, Virtuals, Binance Pay, and Trust Wallet. This SDK standardizes how agents verify identities, manage funds, pay fees, and store memory.
As of the end of May, the number of registered agents based on the ERC-8004 identity standard had exceeded 100,000, and was expected to reach approximately 200,000 by mid-July. This represents about 60% of all tracked on-chain registered agents.
The past year has seen the tokenized US stock market enter a new phase.
Previously, the competition was about who could launch their product first and who had more features.
Now, the real differentiator is the company with the most comprehensive compliance system.
This is why I recently compared several mainstream tokenized US stock platforms.
The biggest takeaway is this:
Today's competition is no longer just about products, but about underlying compliance capabilities.
Many people now judge a platform based on whether it's backed by 1:1 real stocks.
While 1:1 is important, it's no longer the most relevant topic.
Looking at the industry as a whole, many mainstream platforms now use 1:1 real stock backing and have their underlying assets custodied through licensed US brokers.
In other words, 1:1 has gradually become a basic requirement, not a core competitive advantage.
The real focus should be on three other issues:
First, does the platform possess genuine securities compliance capabilities?
Many platforms showcase their various licenses, but not all licenses qualify them to conduct securities business.
Payment licenses, MSB (Managed Securities Brokerage) licenses, and VASP (Visa Associates Service) licenses primarily correspond to payment or digital asset businesses and are not directly equivalent to securities business qualifications.
For tokenized US stocks, the more important factor is whether they possess the relevant compliance capabilities for securities brokerage, securities trading, and asset custody.
Based on publicly available information, #Bitget has completed compliance arrangements in multiple regions, including El Salvador, South Africa, and New Zealand, for its rToken business and continues to pursue regulatory applications in more regions.
These arrangements are highly valuable for a product aiming for long-term development.
Secondly, consider who holds the assets in custody.
Many platforms will tell you that the underlying assets correspond to real stocks.
However, the real question to ask is who is holding these stocks.
#Bitget rToken currently has its underlying stock custody handled by the US-licensed brokerage firm Alpaca. Each rToken corresponds to a real stock, not a synthetic asset simulating a price.
However, there is an easily misunderstood point here.
Connecting to a licensed US brokerage firm does not automatically grant all users ownership of the stocks.
Ultimately, the protection of rights depends on account structure, asset segregation methods, and legal relationships.
Therefore, a US brokerage firm is an important advantage, but not the sole criterion.
Thirdly, and this is a point many users easily overlook:
Is there a third-party audit?
Many platforms emphasize 100% reserves.
However, self-disclosing reserve information and continuous verification by an independent third party are two different concepts.
Bitget currently has daily PoR asset audits provided by the global accounting firm The Network Firm, and its reserve data is continuously made public.
For users, this means the platform not only needs to promise the actual existence of assets but also needs to continuously accept third-party verification.
Transparency is itself part of trust.
Furthermore, #Bitget has not made rToken a simple trading product.
Currently, it supports features such as stock dividends, spot investment, margin trading, staking lending, and dual-currency wealth management, further enriching the use cases for tokenized US stocks.
Meanwhile, rToken also integrates with the market liquidity of Nasdaq and the NYSE, ensuring order depth and execution efficiency are consistent with the traditional US stock market, making the on-chain trading experience closer to the traditional securities market.
Based on currently disclosed information, the industry is beginning to show clear stratification.
Ondo and Coinbase lean towards institutional-level compliance.
Bitget, Binance, and Xstocks have completed product launches and are relatively more mature in terms of licensing, custody, and audit disclosure.
Platforms like Backpack, MEXC, and BIT have also integrated with the US brokerage system, but there is still room for improvement in user ownership, asset segregation, and independent third-party auditing.
Therefore, when looking at tokenized US stocks now, what truly determines a platform's future competitiveness is whether it has a sound securities compliance system, a clear and transparent asset custody mechanism, continuous third-party auditing, and whether user assets are truly verifiable, traceable, and segregated.
The future of tokenized US stocks will depend on who can establish a compliance system that can withstand the test of regulation, the market, and time.
Based on the publicly disclosed information, #Bitget rToken is constantly improving in this direction, which is what I think is truly worth paying attention to.
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链求君 🔥
07-28 13:32
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@Ondo also distributes $170,000 USDC in rewards every week.
Basically, early users can directly earn USDC through transactions.
Another points system is also available, where users can earn points.
Initial trials have yielded relatively good results, and they are now ramping up their efforts.
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jojocash 🎒
07-28 11:11
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First Day Test @OndoPerps Week 8 Real-World Data
Trading Volume: 230k
PnL: -29U
Rewards: 17U
Actual Wear and Tear: -12U
Points: 794 🪂
CPM (Cost Per Million): 52.17
Cost per point: Approximately 0.0151 USDC
I'm quite happy this morning. Looking at the code, there's still room for improvement. @OndoPerps' points and rewards system is clear, timely, and leaves no room for ambiguity. Knowing what you're competing for gives me a sense of "convince."
Week 9 Reward Pool: 175,000 USDC still available 👇
5% fee discount ONDO:
Code: U5FD5F