Ondo Surges 50% as Wall Street Moves to the Blockchain

By Beth Canova On September 27, 202612:30 PM Eastern

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Ondo Surges 50% as Wall Street Moves to the Blockchain

By Beth Canova

Tokenization — one of crypto’s hottest trends — just got a big boost.

And investors are taking notice.

Before we can appreciate the forest, however, we first have to zoom in and see the trees. And there’s one in particular that has been growing exceptionally well.

Ondo Finance (ONDO) is up almost 50% over the past month. Most of that growth came just this week alone, jumping roughly 35% in that time.¹

ONDO price action over the past 30 days. Source: Coingecko

The big question is: Why?

The answer comes from three near-term catalysts.

The first of which came last week. That’s when Ondo became the first tokenization firm to join DTCC's Fund/SERV network.

If that sounds a bit like alphabet soup to you, don’t worry. Let’s clear it up …

The Depository Trust & Clearing Corporation (DTCC) is a key part of Wall Street's financial plumbing. It responsible for overseeing the clearing and settlement of U.S. and global securities transactions.

Its Fund/SERV network processes more than 85% of U.S. mutual fund transaction activity.

That makes Ondo Finance the very first tokenization company “to join the operational backbone of the U.S. fund industry.”²

According to Ondo’s press release, this move puts a critical piece of infrastructure in place for tokenized funds to scale to mainstream adoption.

The second catalyst came on Monday. Ondo put its new infrastructure to work to make it easier for large firms to turn stocks they already own into tokens.

Instead of selling shares, moving cash and then buying a token — as they would have had to do in the past — approved firms can now swap shares for their tokenized form.³

They can also switch those tokens back into shares.

Thursday brought the third catalyst when Ondo launched three new investment products based on portfolio strategies built by BlackRock (BLK).

These aren’t your standard BlackRock-designed portfolios. They’re the first ever to live on the blockchain.

Source: PR Newswire

For investors, they work just like a share in a traditionally traded fund. The big difference is everything is on-chain.

That means fully transparent and accessible 24/7 — without a broker standing in your way.

Investors mint or redeem a single token rather than handling the positions in the basket individually. Weights and rebalances are visible and verifiable on-chain.

And once you own your tokens, they’re truly yours. You can swap them peer-to-peer or on an exchange for another crypto. You can also use them across DeFi protocols.⁴

According to Ondo CEO Ian De Bode, this is the first time that portfolios like these have reached the blockchain.

In a recent press release, he added …

"By incorporating strategies drawn on BlackRock's longstanding portfolio construction experience into tokenized investment structures, eligible investors in supported jurisdictions can obtain exposure to diversified portfolio allocations through a single token."⁵

One key caveat is that these portfolios are not managed by BlackRock. Just designed by it.

Ondo takes care of the rest.

Another is that U.S. investors can’t access any of them just yet. Ondo’s products are still only available to investors outside the U.S.

But neither diminishes the importance of what’s happening here …

BlackRock is the world's largest asset manager. Now, investment strategies it’s developed have been packaged into tradable digital assets.

That helps turn tokenization from an idea into a real product.

The Sum Is Greater than Its Parts

Put it all together, and you can see why traders are excited.

Ondo isn't just talking about bringing Wall Street onto the blockchain.

It is building the pipes to make it happen.

And, as we can see in its price action, investors are rewarding that progress. ONDO traded near 34 cents at the start of September. It recently climbed above 52 cents.

My colleague Mark Gough has told you throughout 2026 to keep ONDO on your radar. Now, you can see why.

But the bigger story is the trend behind that move.

Real-world assets, or RWAs, are normal assets that can be represented on a blockchain. Think stocks, bonds, gold and U.S. Treasurys.

“Tokenization” is the process of taking them from a traditionally traded asset … to a token you can own and control.

This market has grown fast.

Tokenized RWAs more than tripled year over year between 2025 and 2026 to hit nearly $487 million by the end of March 2026.⁶

Source: The Block⁷

That growth could have a long way to run.

Because tokenization solves a simple problem: Bringing the blockchain’s transparency and access to traditional markets.

Traditional markets and crypto markets still live in two different worlds.

That is why I'll be watching Ondo closely through the rest of 2026.

Its latest rally may be telling us something much bigger than where ONDO goes next.

It may be showing us where Wall Street is going, too.

And for where crypto could be going, be sure to check out the rest of your Weiss Crypto Daily updates from the past week …

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