Ondo · 583

John Hoffman: Asset tokenization is returning to the development path of early ETFs

Comparatively speaking, John Hoffman, head of the Ondo Finance product portfolio, said that the development path of tokenized assets is very similar to early ETFs: from initial doubts and uncertainties to wider market adoption. Hoffman said at the Wyoming Blockchain Symposium 2026 that the development of ETFs over the past 33 years is very similar to the evolution of the current tokenization market. He believes that the market is once again experiencing the process of how a new technology is gradually changing the financial market. Hoffman joined Ondo over two months ago and previously worked in traditional finance for 18 years and was responsible for Invesco's American ETF business. He said that ETFs also faced similar questions in the early days, such as whether the technology was feasible and what problems they actually solved, and now these problems are also appearing in the field of tokenized assets. Ondo has been offering tokenized US Treasury products since launching OUSG in early 2023. The fund targets institutional investors and provides short-term US government debt exposure. According to Hoffman, the total hedging value of Ondo's US Treasury products is currently around $2 billion. (The Block)

1d ago

Blockworks: Q2 XRP spot trading volume fell 53%, RLUSD stablecoin supply increased 257% month-on-month

In comparison, Blockworks released the XRP Q2 report. At the end of the quarter, XRP closed at $1.04, down 19.9%, with a market capitalization of $65.8 billion, and is still the fourth largest non-stablecoin asset. The net inflow of XRP ETP was $253.6 million, the third consecutive quarter of positive inflows, with a cumulative total of over $1.9 billion. CEX's spot trading volume was $57.6 billion, down 53.5% from the previous month, and perpetual contract trading volume decreased by 44%. XRPL native stablecoin supply increased 195.4% to $8255 million, of which RLUSD supply was $676.9 million, up 257% from month to month. OKX has listed over 280 RLUSD spot trading pairs, and the Financial Services Agency of Japan approved RLUSD as an electronic payment tool and distributed through SBI VC Trade. The total value of XRPL tokenized RWA increased 102.5% month-on-month to US$4.46 billion, a quarterly high, with Justoken's energy class JMWH accounting for about half. Stablecoin transfers increased 207.5% month-on-month to around $10 billion, with RLUSD accounting for about 90%. In terms of online activity, the total transaction volume was 222.4 million (down 6.5% month-on-month), the average daily active addresses were 16,800 (down 10.7%), DEX trading volume was 482.9 million US dollars (down 35.9%), and transaction costs fell to $0.00024 (five consecutive quarters of decline). The loan agreement XLS-65/66 was supported by 9/35 and 8/35 validators, respectively. There is still a gap between the activation threshold of 29 votes, and a revised version will be submitted in Q3. In terms of institutional cooperation, Ondo, J.P. Morgan Kinexys, Mastercard and Ripple completed cross-chain redemption of tokenized US bonds, and Aviva Investors launched tokenized fund shares on XRPL after the season.

3d ago

The Ondo team's associated address once again transferred 13.43 million ONDO to Coinbase

Comparative news, according to on-chain analyst Ai Ai's monitoring, the Ondo team's associated address (0xFA06... 8223, 0xEA57... 75e1) recharged 13.43 million ONDO cards. The associated address is suspected to have sold ONDO worth $29.94 million over the past 30 days. The two multi-signature addresses have deposited $4.42 million worth of tokens to Coinbase in the past 10 hours; currently, the associated address still holds $12.68 million worth of ONDO on the chain.

3d ago
Does the forecast market with monthly turnover of 44.8 billion US dollars need a main broker?

Does the forecast market with monthly turnover of 44.8 billion US dollars need a main broker?

Source: Fintech Blueprint Compiled and edited by BitPushNewsBetterment recently published its 2026 retail investor survey. The main conclusion is that 26% of Gen Z investors see sports betting as part of their long-term financial strategy, and 52% have invested the money they originally intended to invest into it last year. The survey of 1000 US retail investors in early April showed that proportion rapidly declined as people grew older — 31% and 14% for millennials, 10% and 6% for Gen X, and 4% and 1% for Baby Boomers. Betterment CEO Sarah Levy put it bluntly: The problem comes when a prediction market or sports betting platform starts to feel like a retirement strategy. The combined monthly trading volume of Kalshi and Polymarket reached $44.8 billion in June, which is more than three times the average monthly transaction volume of approximately $14 billion for all US legal sports betting in 2025. Source: Bloomberg/Betterment Let's explore whether this transaction volume is huge enough to support the dedicated agency hierarchy below. Earlier this month, River Markets raised $8.5 million in seed funding to build what it calls “the first institutional-grade execution and prime broker platform for the prediction market.” Led by Haun Ventures, Y Combinator, Coinbase Ventures, Qube Research & Technologies, and Cherry Ventures participated, in addition to angel investors from Citadel, HRT, J.P. Morgan, Nvidia, and Google. The company has been online with trading clients since May 1 and has publicly listed five client names: Chimera Capital Management, Game Point Capital, Cleat Street, Skywalk, and 646 Equity. It claims to own three of the top ten traders on Kalshi and Polymarket, as well as several quantitative funds running on its API. The problems they are solving are real and unremarkable. The liquidity of the prediction market is distributed across multiple trading sites, which may have different quotes on the results of the same event, involving separate accounts, separate balances, independent APIs, and no uniform view of risk. A trader who trades the same event on Kalshi and Polymarket actually manually manipulates the two books and then reconcile the accounts. River integrates these sites into a single terminal and an API, uses a unified code system, adds execution algorithms (iceberg orders, linked orders, stop-loss orders, take-profit orders) not native to the exchange, and routes eligible orders to the best prices in the online ledger. It's live on Kalshi, Polymarket, and Polymarket US, and is integrating Novig and Crypto.com. Today, it's more like an order and execution management system than a Prime Broker (PB) — a boundary drawn by River itself. Its FAQ states that the real-time platform covers execution, routing, data, and profit and loss, that customer funds are kept in venue accounts rather than centrally pooled, and that companies are invited to contact them about financing, collateral, and cross-market requirements. Source: Allium predicts that the cumulative historical trading volume of the market exceeded 150 billion US dollars in May. Kalshi alone reached 31.5 billion US dollars in June, while Polymarket was 10.8 billion US dollars. Kalshi is currently in final negotiations to finance at least $750 million, with a valuation of $40 billion; Polymarket is financing at a valuation of $15 billion, after ICE had already committed $2 billion in two instalments. Kalshi's annualized revenue surpassed $4 billion in July, roughly double the $2 billion annualized pace two months ago. At the peak of the World Cup,...

3d agoBitpushNews#HYPERLIQUID #Kalshi #Ondo

Ondo Stocks announced that it has completed a QQQon transaction worth over $2.3 million

Comparing news, Ondo posted on the X platform that tokenized stocks are making history. A QQQon buy transaction worth $2,328,595.73 has been completed in a single transaction on Ethereum. Ondo said this seven-digit execution was only possible on Ondo Stocks. Ondo is a platform focused on tokenizing real-world assets. Its Ondo Stocks product supports the on-chain trading of traditional financial assets such as US stocks in the form of tokens.

4d ago

Ondo Stocks tokenized stock TVL surpasses $1 billion

According to Chainwire, Ondo Stocks, the tokenized stock platform under Ondo Finance, has reached a total hedged value (TVL) of 1.01 billion US dollars, less than a year since it was launched in September 2025. Within 48 hours of launch, the platform became the world's highest TVL tokenized stock service provider, and currently remains in the lead and offers more than 440 assets. Each token is fully backed by the corresponding stock or ETF and held by a licensed US escrow broker. In addition, Ondo Finance also officially disclosed that Ondo Perps, a perpetual contract platform launched in July, had a cumulative turnover of more than 8 billion US dollars, and more than 5 billion US dollars in nearly 30 days since its public launch.

6d ago#On-chain dynamics

Data: The number of tokenized stock holders doubled to 1.31 million in the past month, and transfers soared 179% to $23.13 billion

Comparing news, according to Cointelegraph, RWA.xyz data shows that in the past month, the number of tokenized stock holders has more than doubled to 1.31 million. Over the same period, monthly transfers surged nearly 180% to $23.13 billion, while the number of monthly active addresses increased by 34.62% to nearly 57.2 million. The total value of tokenized shares also increased by 5.9% to $2.38 billion. Ondo led the market with a value of around $872 million, followed by Kraken's xStocks ($557.8 million) and Binance's bStocks ($521.8 million). The largest single tokenized assets include Securitize ($145.2 million), Strategy PP Variable xStock ($135.6 million), and Ondo's tokenized Circle shares ($99.7 million).

6d ago

Binance Study: Gen Z Prefers ETFs, Trading Frequency and Leverage Usage Lower Than Other Age Groups

Comparatively, Binance research data shows that Gen Z investors are gradually switching to long-term asset allocation tools such as ETFs. Compared to millennials, Gen X, and baby boomers, they trade less frequently and have weaker leverage preferences. According to the data, ETFs accounted for 25% of Gen Z users' stock trading volume in early August. In July, ETFs accounted for 21.9% of the net inflow of Gen Z stocks, up from 18.5% in June; the share of individual stock investment fell from 77% to 74.2% during the same period. Binance Research analyzed transactions such as direct stocks, tokenized stocks, and traditional financial perpetual contracts. According to the data, Gen Z is less active in trading in all three types of assets than other working-age groups. Among them, Gen Z traditional financial perpetual contract accounts traded an average of 13 times per month, lower than the 17 times for millennials and 16.5 times for Gen X. In direct stock accounts, 22% of Gen Z users have never sold shares, up from 19% of Gen X and 9% of Baby Boomers. Among the accounts that Gen Z bought but did not sell, the assets with the highest cumulative purchase amount include Broadcom (Broadcom), Tesla, and Schwab US high-dividend stock ETFs. When it comes to leveraged products, Gen Z representatives are showing a lower risk appetite. According to the data, 88.2% of Gen Z traditional financial perpetual contract accounts have never traded leveraged or reverse ETFs, higher than 84.5% of Millennials and 85.9% of Gen X. Furthermore, the tokenized stock market continues to expand. According to the data, bStocks launched by Binance recently briefly surpassed Kraken's xStocks to become the second largest tokenized stock issuance platform in the world. As of the latest data, Ondo Finance ranked first with around $972 million worth of tokenized shares, xStocks and bStocks at around $611 million and $580 million, respectively.

7d ago

Grvt partners with Ondo Finance to allocate $100 million USDY

According to The Block, Grvt announced a partnership with tokenization company Ondo Finance to establish a $100 million USDY position over the next year. USDY is a tokenized income product that mainly anchors short-term US Treasury bonds and other assets. Grvt will integrate USDY into Grvt Earn, where the platform will hold and manage relevant assets on the balance sheet, and include a yield of about 3.5% in users' existing underlying income. Users are not required to directly hold the token. This move reflects the institution's continued increase in the area of on-chain fixed income and real-world asset tokenization.

10d ago