Ondo Finance (ONDO) Eyes Major Rally After Reaching Strong Support

Ondo Finance is a leading, decentralized real-world asset and tokenization platform aimed to bring institutional financial products onto the blockchain.

Backed by Pantera Capital, Ondo has solidified itself in the cryptocurrency industry as a strong RWA protocol, providing investors access to corporate bonds, treasury bonds, and yield products.

Looking at Ondo’s chart, there are clues as to where the token may be going next as Bitcoin leads altcoins on a potential major surge. 

Ondo Finance: BlackRock, Coinbase and more

Ondo Finance, founded by ex-Goldman Sachs members and Wall Street veterans is backed by Pantera Capital, Coinbase Ventures, and more, and is tokenizing traditional financial products and bringing them on-chain.

Looking at Ondo’s chart, we can see that the token is well within the formation of a falling wedge, signaling that once its price rises above resistance, a surge may be on the cards.

Over the past 7 days, ONDO has been up 17.1%. Once the token breaks out of resistance we could see it reach a previous local high of $0.94 – $1.60.

ONDO: Tokenization and Yield

The platform’s OUSG token utilizes BlackRock’s U.S. Treasury money market fund, allowing crypto investors to gain exposure to BlackRock’s assets, only on Ondo.

On Ondo, users have access to Ondo Global Markets, where users can invest in dozens of traditional public securities, tokenized and backed 1:1 on-chain.

The platform is also home to the Ondo US Dollar Yield Token (USDY), a permissionless yield token secured by US treasuries. 

Investors holding the USDY token are able to earn a passive daily yield at a current APY of 4.25%. As of April 2025, the token has a TVL of $584 million and is accessible on multiple blockchains including Etheruem, Solana, Sui Network, and Aptos.