According to Coindesk Research’s technical analysis model, Ondo rose 1.5% to $0.7671 over the last 24 hours, holding near its recent high after a week’s profit.
The move comes about two weeks after Ondo Finance disclosed a new industry collaboration focused on setting standards for tokenized securities.
In a blog post on June 17th, the company announced the creation of the Global Markets Alliance, a group of wallets, interactions and custodians, working together to improve interoperability, investor protection and access to tokenized real-world assets. Participants include Solana Foundation, Bitgo, Fireblocks, Jupiter, 1inch, Trust Wallet, Bitget Wallet, Rainbow Wallet, and Alpaca.
The announcement comes ahead of Ondo’s planned launch of Ondo Global Markets. It is a platform aimed at providing tokenized exposure to public US securities such as stocks, ETFs, mutual funds, and other to reduce the resilience associated with global access to traditional capital infrastructure, as crypto wallets and applications are based on the company by users based outside the US.
Each member of the Alliance contributes with a different ability. Wallet providers such as Trust Wallet and Rainbow Wallet have integrated Ondo’s tokenized asset standards, but exchanges such as Jupiter and 1inch are expected to support programmatic access to tokenized assets. Bitgo and Fireblocks provide institutional custody and infrastructure, while Alpaca handles brokerage companies and regulatory services tailored to tokenized securities.
The company said the group will work to adjust technical and compliance standards for tokenized securities, improve cross-platform access and liquidity, and support use cases such as independence and on-chain trading. Although the Alliance has not committed to a specific timeline, its members have framed the initiative as part of a long-term shift to integrating traditional financial products into blockchain-based systems.
In a post in X dated June 28th, Ondo Finance wrote, “2025 will be the year of tokenized stocks,” indicating the team’s belief that adoption of tokenized financial products could accelerate in the coming quarter.
Technical Analysis Highlights
- Between 15:00 UTC on June 28th and 14:00 UTC on June 29th, Ondo made a profit of 2.67% within the trading range of 3.33%.
- During the 9:00 PM UTC time on June 28th, strong support was confirmed in large quantities at $0.755.
- The major resistance at $0.765 broke at 00:00 UTC time on June 29th.
- From 13:05 to 14:04 UTC on June 29th, Ondo fell slightly from $0.773 to $0.769, down 0.58%, and is noteworthy at 13:33 UTC.
- Multiple recovery attempts over $0.769 failed in the final minute, resulting in a temporary level of support formed at $0.768.
- Price action during the final hour formed a lower descent channel with high prices, but the last candle suggested a potential inversion.
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