Ondo Finance has seen a notable surge in wallet activity, with new addresses doubling and active addresses climbing sharply, following two pivotal partnerships announced this week. The firm struck deals with the Depository Trust & Clearing Corporation (DTCC) and Japan’s SBI Group, signaling a significant expansion in its tokenization of real-world assets.
These collaborations are already translating into increased engagement on the Ondo platform and a positive price movement for its ONDO token. The developments underscore a growing trend where decentralized finance (DeFi) projects are increasingly integrating with traditional financial systems, aiming for broader institutional adoption.
DTCC partnership connects Ondo to US financial infrastructure
On July 15, 2026, Ondo Finance announced a landmark collaboration with the Depository Trust & Clearing Corporation (DTCC), launching tokenized stock representations that leverage DTCC’s tokenization infrastructure. This move directly links Ondo’s products with the intricate systems underpinning traditional US securities markets.
The initiative introduces tokenized entitlements for assets like Circle (CRCL) stock and the SPDR S&P 500 ETF (SPY), represented on-chain as CRCLon and SPYon. This integration positions Ondo alongside major financial players such as BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and the NYSE, all participating in DTCC’s extensive tokenization efforts.
Integrating with established market systems
By accessing the DTC participant network via broker-dealer Alpaca Markets, Ondo Finance ensures that the underlying securities remain securely held in DTCC custody. Ian De Bode, CEO of Ondo Finance, emphasized the firm’s unique position, stating that Ondo is “the only company simultaneously building all pathways for US securities tokenization.”
De Bode further highlighted that Ondo’s infrastructure is “purpose-built to interoperate with institutional market infrastructure, not to compete with it.” This strategic approach is crucial for facilitating the seamless flow of digital assets within highly regulated traditional financial ecosystems, suggesting a future where tokenized securities play a more central role in global markets.
SBI Group alliance expands reach into Japanese equities
Just one day after the DTCC announcement, on July 16, 2026, Ondo Finance unveiled another strategic partnership, this time with Japan’s financial giant, SBI Group. This alliance aims to bring Japanese equities onto the blockchain, further diversifying Ondo’s real-world asset offerings.
The collaboration will see Ondo’s tokenized products distributed through SBI’s vast financial services network, allowing for broader access to Japanese assets. A key element of this partnership involves the use of JPYSC, SBI’s yen-denominated stablecoin, for on-chain settlement and collateral.
Connecting Japan with the global tokenized economy
JPYSC, launched by SBI on June 24, 2026, is Japan’s first trust-backed yen stablecoin and is regulated under Japanese law. Ondo Global Markets (BVI) Limited will manage the issuance of these tokenized Japanese assets.
Ian De Bode remarked on the significance of the partnership, noting that “Japan is one of the most sophisticated capital markets in the world, and SBI sits at the center of it.” He added that the collaboration establishes a pathway to bring Japanese assets on-chain, effectively connecting Japan with the global tokenized economy.
Yoshitaka Kitao, SBI Holdings’ Representative Director, Chairman, President, and CEO, affirmed Ondo’s leadership in tokenization, viewing it as a crucial partner in forming a global corridor for digital assets.
Ondo wallet activity and ONDO token price performance jump
The immediate impact of these high-profile partnerships is evident in Ondo’s on-chain metrics and the performance of its native ONDO token. Data from Santiment Intelligence reveals a sharp increase in wallet activity over the past few days.
New addresses interacting with Ondo Finance surged to 754 on July 16, representing approximately twice the pace observed earlier in July. Concurrently, daily active addresses climbed from 1,410 to 2,589 over the same period, indicating a substantial uptick in user engagement and interest.
Market response and technical outlook for ONDO
The ONDO token has responded positively to the news. On July 17, 2026, ONDO traded around $0.37, experiencing a roughly 17% increase over 24 hours and a 23% gain over the prior seven days, according to CoinGecko data. The DTCC announcement alone initially boosted ONDO’s price by nearly 5%, followed by an approximately 18% surge to an intraday high of $0.374.
The SBI partnership further propelled the token, with ONDO rising 15% to $0.393 on July 16. Its market capitalization stands near $1.89 billion, with a 24-hour trading volume reaching $197.66 million. The token’s Relative Strength Index (RSI) climbed to 65, suggesting bullish momentum without entering overbought territory.
However, the Chaikin Money Flow (CMF) remained slightly negative, indicating that sustained buying pressure for a confirmed price breakout was still evolving. Analysts are now watching for ONDO to hold above the $0.38-$0.40 zone to maintain its rally, with a potential pullback to $0.35 if it fails to do so.
The broader real-world asset tokenization landscape
Ondo Finance’s recent moves are not isolated incidents but rather reflective of a rapidly accelerating trend in real-world asset (RWA) tokenization. This process of representing ownership or economic interests in tangible and intangible assets on a blockchain is transforming how traditional finance interacts with digital ledgers.
The benefits are compelling: increased liquidity for historically illiquid assets, fractional ownership opportunities, enhanced transparency, and reduced costs by cutting out intermediaries. These advantages are drawing significant institutional interest and capital into the RWA sector.
Growth projections and key players in RWA tokenization
The RWA tokenization market has seen exponential growth, with the total value locked in RWA protocols exceeding $8 billion in Q1 2024, a substantial increase from $2.5 billion in Q1 2023. Projections for market growth are ambitious, with firms like Citi forecasting a $5 trillion market by 2026, and BCG suggesting it could reach $16.1 trillion by 2030.
Major financial institutions like BlackRock, with its BUIDL fund, and JPMorgan’s Onyx platform are actively participating in this space, primarily focusing on tokenized US Treasuries and money market funds. Ondo’s strategy to tokenize stocks and Japanese equities positions it uniquely within this expanding landscape, offering diverse on-chain products that cater to a global investor base and further solidify the bridge between traditional and decentralized finance.