Ondo Finance (ONDO) has emerged as the dominant force in the real-world asset (RWA) sector, outpacing other RWA tokens in transaction volume. According to IntoTheBlock, Ondo’s transaction volume surged significantly in late 2024, reaching over 400 million in January 2025 before dipping below 300 million. Despite the decline, it continues to lead the sector by a substantial margin.
Rapid Growth and Key Developments
The surge in Ondo Finance’s transaction activity aligns with significant advancements in its platform. On February 5, Ondo Finance introduced a major update to its Ondo Global Markets platform, facilitating the tokenization of U.S. securities such as stocks, bonds, and exchange-traded funds (ETFs) on the blockchain. The platform now provides global access to over 1,000 securities listed on the NYSE and Nasdaq.
Ondo’s Market Share in Tokenized Assets
Data from RWA.xyz highlights the steady expansion of the tokenized RWA market, which has surpassed $17 billion in value, with major institutional players like BlackRock contributing to its growth. Within the $3.5 billion tokenized U.S. Treasuries market, Ondo Finance commands a $650 million market share.
Founded in 2021, Ondo Finance specializes in the tokenization of securities and currently accounts for nearly 40% of the global market share in tokenized assets. The firm offers three primary tokenized products—OUSG, OMMF, and USDY—designed to provide exposure to U.S. Treasuries and money market funds.
Institutional Interest and ONDO Token Performance
Ondo Finance’s native token, ONDO, has attracted significant interest from institutional investors, with whales holding approximately 88% of the total token supply. Over the past seven days alone, transactions exceeding $100,000 totaled $1.2 billion, underscoring strong investor demand.
As of this writing, ONDO is trading at $1.22, reflecting a 4% increase in the last 24 hours. The token’s consistent transaction volume and institutional backing position Ondo Finance as a leading innovator in the rapidly evolving RWA sector.
Ondo Finance’s continued dominance in transaction volume and its strategic expansion into tokenized securities reinforce its leadership in the RWA market. With growing institutional adoption and ongoing platform developments, Ondo remains at the forefront of blockchain-based financial innovation.
