ondo

According to official news, Saturn announced a partnership with Ondo to bring institutional-grade tokenized assets into Saturn's (STRC) structured products.At the same time, Ondo also made a strategic investment in Saturn.

According to The Block, Grvt announced a partnership with the tokenization company Ondo Finance, planning to establish a $100 million USDY position over the next year. USDY is a tokenized yield product primarily anchored to short-term U.S. Treasury assets.Grvt will integrate USDY into Grvt Earn, with the platform holding and managing the related assets on its balance sheet, and approximately 3.5% yield will be credited to users' existing base earnings, allowing users to avoid directly holding the token. This move reflects the continued institutional commitment to on-chain fixed income and the tokenization of real-world assets.

The UK's Financial Conduct Authority (FCA) is exploring how tokenized gold can be incorporated into the wholesale market, including whether it can be used as collateral. The discussions involve regulatory approaches aimed at the institutional market, with relevant rules expected to be announced in the coming months.This regulatory discussion comes as London seeks to solidify its position as a global gold trading hub. Data from the World Gold Council shows that London currently accounts for about 70% of global gold trading volume, while Shanghai and Hong Kong are vying for a larger share of wholesale business. HSBC launched a tokenized gold product for retail investors in Hong Kong over two years ago and reported that the cumulative trading volume has exceeded $2.2 billion, with more than 276,000 transactions. The FCA does not directly regulate physical gold trading but oversees gold derivatives and publicly traded products in the market.

According to official data, Ondo Perps has a total trading volume approaching $7 billion. In addition, the platform now supports traders using tokenized gold and silver as effective capital for collateralizing perpetual futures positions.It is reported that built on Ondo Finance technology, Ondo Perps allows users to directly use tokenized stocks and ETF holdings as margin for perpetual contracts, offering up to 20 times leverage for investors outside the United States. The trading targets include stocks such as Tesla (TSLA), Nvidia (NVDA), Apple (AAPL), as well as commodities like gold and silver.

According to CoinDesk, the tokenized asset company Ondo Finance is embroiled in a corporate control dispute following the death of founder Nathan Allman this year. The estate has filed a lawsuit in the Delaware Chancery Court, accusing former president and current CEO Ian De Bode of improperly attempting to seize control of the company while the estate certification process is not yet complete and the company's voting rights are temporarily suspended. The three legal documents request the judge to determine who legally controls Ondo Finance and to prohibit the company from taking significant actions until the governance dispute is resolved.According to the complaint, Nathan Allman was the CEO, sole director, and controlling shareholder of Ondo at the time of his death, and his voting rights could not be exercised until his mother, Kathleen Allman, was formally appointed as the estate representative through the Hawaiian probate process on June 26. The estate alleges that De Bode claimed to automatically become CEO and appointed himself as the sole director before this, taking actions such as hiring consultants and approving performance grants.After obtaining the voting rights, Kathleen Allman voted to remove De Bode from all positions and appointed herself as chairwoman and interim CEO during the board meeting on July 24. De Bode responded that he regretted the lawsuit filed by Allman, stating that her claims lack basis, and that the company still has the support of major investors and key stakeholders such as the Ondo Foundation. The court has not yet ruled on the related allegations, and the aforementioned documents only reflect the statements of the estate.

According to CoinDesk, Ondo Finance announced the appointment of former Blockchain.com Chief Financial Officer Adam Schlisman as Chief Financial Officer. Schlisman previously worked at Monashee Investment Management.Ondo stated that this appointment aims to support the expansion of its tokenized assets and on-chain capital markets business. The company, founded by former Goldman Sachs executives, is currently one of the larger tokenization platforms for real-world assets, with products covering blockchain-based U.S. Treasury bonds and stocks.

The tokenized asset company Ondo Finance is evaluating a potential acquisition deal, with a valuation range of $250 million to $500 million. According to insiders, the company has not yet appointed formal advisors and is considering expansion through mergers and acquisitions.In 2026, trading activity in the cryptocurrency sector remains active, with tokenization and institutional infrastructure being the acquisition directions of interest for companies seeking to scale.

According to data from the Dune platform, the trading volume of the stock token rToken launched by Bitget in the past 24 hours was approximately $30 million, while the total trading volume of Ondo stock tokens across all CEX and DEX was about $25 million. Ondo is one of the earliest RWA protocols to venture into stock tokens, with its assets previously listed on platforms such as Binance Wallet, Bitget, and Gate, peaking at a daily trading volume of 620 million. However, as various trading platforms began to launch their own stock tokens, Ondo's overall trading volume has significantly declined compared to the beginning of the year. 

The tokenized asset issuer Ondo Finance has abandoned its traditional Layer 1 blockchain plans and launched the Ondo Network instead. The platform is positioned as a trading network catering to institutional needs, designed to support private and high-speed trade execution.The first application of Ondo Network, Ondo Perps, will allow users to trade perpetual futures using tokenized assets as collateral, separating fast and private trade execution from public chain settlement. Ondo Finance has issued tokenized U.S. Treasury bonds and stocks, and is advancing broader trading infrastructure in the context of rising interest in tokenization and 24/7 markets on Wall Street.

Ondo Finance announced the launch of the new Ondo Network, positioned as a high-performance execution layer, aimed at combining the trading speed of centralized exchanges (CEX) with the non-custodial and secure settlement capabilities of blockchain. Ondo CEO Ian De Bode stated that the Ondo Network is an "evolutionary version" of the previous Ondo Chain plan, and the company will not operate two networks simultaneously, but will adjust its original plan of building a complete blockchain to focus on the execution layer architecture.According to reports, Ondo initially planned to fully bring real-world assets on-chain through Ondo Chain, but after developing the Ondo Perps perpetual contract trading platform and communicating with users, it was found that the current market's core bottleneck is not asset settlement, but trading execution efficiency. The Ondo Network adopts a separated architecture for execution, validation, and settlement, using secure hardware to isolate the execution environment, which enhances trading speed while maintaining user asset self-custody, verifiable transactions, and permissionless blockchain characteristics.Currently, Ondo Perps has become the first application built on this network, supporting 24-hour trading of stock and commodity perpetual contracts, and allowing the use of tokenized real assets as collateral. Ondo stated that in the future, the network will also support applications requiring high performance, privacy protection, and verifiable execution, such as spot trading, lending, and structured products. In addition, the launch of the Ondo Network will not change the positioning of the ONDO token. The CEO stated that ONDO will still serve as the governance and incentive token for the Ondo RWA ecosystem and market infrastructure, and as the network gradually decentralizes, ONDO will be used to coordinate the incentive mechanisms for validation nodes, observers, and ecosystem participants.

According to The Block, the London Stock Exchange is planning to launch an overnight trading platform independent of the main market to extend trading hours and meet investors' demand for longer market access. The platform is expected to go live in the first half of 2027, while the regular trading hours of the main market will remain unchanged from 8:00 AM to 4:30 PM. The new platform is proposed to operate from 5:00 PM to 7:50 AM the next morning, with a 30-minute pause from 6:30 PM to 7:00 PM for end-of-day processing.The report states that the platform will initially focus on trading exchange-traded products (ETPs), including funds that track the UK and US stock markets. Julia Hoggett, CEO of the London Stock Exchange, stated that this move is primarily aimed at meeting the needs of retail investors, especially international investors; the London Stock Exchange hopes to extend trading coverage to over 2,600 ETPs listed in the future.

According to on-chain analyst @ai_9684xtpa, the Ondo team associated address (0xEA5...5e1) received 150 million ONDO from the Ondo team's multi-signature address on June 23, and 26.05 million ONDO, worth 9.79 million USD, was deposited to Coinbase 11 hours ago.This operation is consistent with the previous "receive coins, hold for a period, transfer to exchange" operational path, and the purpose is unknown.

WEEX Exchange Announcement: ONDO zero-fee trading is now open, and airdrop rewards of 50,000 USDT are being offered. Event time: 7/16 17:00 - 7/23 17:00 (UTC+8).

Ondo Perps is now officially launched and open to non-US investors. As the first perpetual contract platform that supports tokenized stocks and stablecoins as collateral for derivatives, Ondo Perps is committed to advancing the on-chain derivatives market into a new phase of capital efficiency. Its core advantages include: tokenized stocks as collateral, eliminating the need to maintain separate capital reserves across multiple platforms; market depth comparable to traditional finance, achieving extremely low spreads and slippage; execution speed on par with top CEXs in the crypto space, with order routing, margin updates, and settlements processed in real-time, while ensuring decentralization.Currently, Ondo Perps supports assets covering stocks, indices, and commodities, including SPCX, MU, NVDA, TSLA, AAPL, gold, and crude oil, and offers leverage of up to 20 times, providing global investors with 24/7 trading. It is reported that Ondo Perps is built on Ondo Finance technology, with Ondo Global Markets providing the underlying tokenized stock infrastructure, and the total TVL has exceeded $1 billion. Ondo Perps, as the next layer of the ecosystem, allows tokenized assets to not only remain in the holding phase but also to function as collateral on a unified trading platform.

According to Reuters, nearly 1,700 British investors are suing the cryptocurrency exchange platform Binance and its founder Changpeng Zhao (CZ) in the High Court of London, seeking at least £150 million (approximately $200 million) in damages.The plaintiffs accuse Binance of selling high-risk and complex cryptocurrency derivatives, such as leveraged products, to UK retail investors without regulatory authorization since the end of 2019, and violating the UK's Financial Services and Markets Act in related promotions. Some plaintiffs claim they have suffered losses of tens of thousands of pounds as a result. It is reported that the defendants in this lawsuit include Binance Holdings, registered in the Cayman Islands, Nest Exchange, registered in the UAE, Changpeng Zhao, and other unknown operators of the Binance trading platform.In response to these allegations, a Binance spokesperson declined to comment specifically on the ongoing litigation but stated that the company would actively defend itself and emphasized that Binance is always committed to fulfilling its obligations to users and operating within the applicable legal framework. Background information shows that the UK's Financial Conduct Authority (FCA) explicitly prohibited cryptocurrency firms from offering derivative services to retail customers in 2021.

According to Cointelegraph, Ondo stated that the minting and redemption functions for tokenized stocks and ETFs are now available 24/7 on Ethereum and BNB Chain, with Solana launching soon.