“Ondo Rose 1.5% on Sunday, Nearly Two Weeks After The Team Announced A Majoor Alliance to Expand Global Access to Tokenized Us Securities.”, – WRITE: www.coindesk.com
Rose 1.5% to $ 0.7671 Over The Past 24 Hours, Holding Near Recent Highs After A Week of Gains, Accounting To Coindesk Research’s Technical Analysis Model.
The Move Comes Roughly Two Weeks After Ondo Finance Disconclosyd A New Industry Collaboration Focused on Setting Standards for Tokenized Securities.
In a June 17 Blog Post, The Firm AnnounCed The Creation of the Global Markets Alliance, A Group of Wallets, Exchanges, and Custodians Working Together to Improve Interoperacy. Tokenized Real-World Assets. Participants Include the Solana Foundation, Bitgo, Fireblocks, Jupiter, 1inch, Trust Wallet, Bitget Wallet, Rainbow Wallet, and Alpaca.
The Announcement ComESS AHEAD OF ONDO’s Planned Launch of Ondo Global Markets, A Platform Aimed at Allowing Crypto Wallets and Applications to Offer Tovit. Stocks, Etfs, and Mutual Funds, for Users Based Outside the USCCORDING TO THE COMPANY, The INITIATIVE IS INTEned to Reduce Frictions Associated With’s Access.
Each Member of the Alliance is Contribution in A Different Capacity. Wallet Providers Like Trust Wallet and Rainbow Wallet Are Integration Ondo’s Tokenized Asset Standards, While Exchanges Such as Jupiter and Aggreges tokenized assets. Bitgo and Fireblocks are Providing Institutional Custody and Infrastructure, and Alpaca is Handling Brokerage and Regulatory Service Tailored to Tokenized Securities.
The FIRM SAID WILL WORK TO ALIGN Technical and Compliance Standards for Tokenized Securities, Improve Cross-Platform Access and Liquing, and Support Use and and-Supidity Trading. While the Alliance Has Not Committed to a Special Timeline, Its Members Have Framed The Initiative As Part of A Longer-Term Shift Integraning Traditional Financial Product InBed.
In a post on X Dated June 28, Ondo Finance Wrote that “2025 Will Be The Year of Tokenized Stocks,“ Indicating The Team’s Belief That Adoption of Tokenized Financial InstRumennts
Technical Analysis Highlights
- Between June 28 15:00 UTC and JUNE 29 14:00 UTC, Ondo Rose from $ 0.749 to $ 0.769, A 2.67% Gain Within A 3.33% Trading Range.
- Strong Support Was ConfirMed AT $ 0.755 with High Volume Durying The 21:00 UTC HURO on June 28.
- Key Resistance at $ 0.765 Was Broken Dringing The 00:00 UTC HOUR ON JUNE 29, WHEN VOLUME SPIKED TO 8.9 MILLION.
- From 13:05 to 14:04 UTC on June 29, Ondo Fell Slightly from $ 0.773 to $ 0.769, A 0.58% Drop, with Notable Selling at 13:33 UTC.
- A TEMPORARY SUPPORT LEVEL FORMED AT $ 0.768 As Multiple Recovery Attemps Above $ 0.769 failed in the Final Minutes.
- Price Action Durying the Final Hour ForMed A Descending Channel with Lower Highs, But The Last Candle Hinted at Potential Reversal.
Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Enseure Accucy and Adherence to Our Standards. For more information, See Coindesk’s Full Ai Policy.
All Content Produced by Coindesk Analytics is Undergoes Human Editing by Coindesk’s Editorial Team Before Publication. The Tool Synthesizes Market Data and Information from Coindesk Data and Other Sources to Create Timely Market Reports, with All External Sources Clearly Attributed Within Each.
Coindesk Analytics Operates Under Coindesk’s AI Content Guidelines, WHICH PRIORITIZE Accuracy, Transparency, and Editorial Oversight. Learn more about Coindesk’s Approach to Ai-Generated Content In Our Ai Policy.
