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Ondo

ONDO/USD #48 Crypto
$0.4068+1.20%24h
24h Range
$0.3986$0.4236

ONDO to USDT Converter

1 ONDO = 0.407492 USDT · updated 06:22 UTC

Volume Bubbles Chart (1h)

Each 1-hour candle's volume is signed by its direction (up candles count as net buying, down candles as net selling) and drawn as a bubble at the closing price, green for buying and red for selling. Bubble size and colour intensity show how strong that flow is compared with the last 300 candles: the strongest 30% get full bubbles with their USD value, the rest stay as small dots. Unusually large bubbles flag aggressive buying or selling worth a closer look, often near breakouts, reversals or key levels.

Seasonal Chart

Plots one line per calendar year showing the % change since the start of that year, with the current year highlighted against up to four previous years. Lining the years up on the same calendar shows whether the price tends to rise or fall in the same months, helping you spot recurring seasonal patterns. Treat it as context rather than a forecast: past seasonality does not guarantee future moves.

Ondo Markets

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Ondo Historical Data

About Ondo (ONDO)

Ondo Finance builds products that bring traditional assets, such as US Treasuries and stocks, onto blockchains. This is often called real-world asset (RWA) tokenization. ONDO is the governance token for the Ondo DAO and the Flux Finance lending protocol. The company itself issues the tokenized products, which are separate from the token. Several of them, including Ondo Global Markets, are available only to eligible investors outside the United States. FMchart's ONDO price merges quotes from several large exchanges into one figure.

Tokenized Treasuries and stocks

Ondo's early products gave crypto users access to short-term US government debt through tokens. One of them, OUSG, is open only to investors who are both accredited investors and qualified purchasers and who have completed Ondo's onboarding. In September 2025, the company launched Ondo Global Markets, starting with more than 100 tokenized US stocks and ETFs on Ethereum. Each token is backed by the underlying shares, held with licensed US broker-dealers. The service is for eligible investors outside the United States. BNB Chain was added on October 29, 2025.

What ONDO is used for

ONDO lets holders take part in governance of the Ondo DAO and Flux Finance. Owning it does not give a claim on the tokenized stocks or Treasuries. The total supply was set at 10 billion, with no planned inflation. Transfers opened on January 18, 2024, after a community vote. The main investor tranches were locked for a year and then released over several years, while the core team faced a five-year lock-up. Locked tokens can still be used to vote in the DAO.

Growth across chains

Ondo Global Markets expanded to Solana in January 2026 with more than 200 tokenized stocks and ETFs. Each one tracks its stock or fund on a total-return basis, so dividends, after withholding tax, are reinvested. Tokens can be created and redeemed around the clock on weekdays. Holders can also move them between wallets at any time, including weekends. At its Solana launch, Ondo became the largest issuer of tokenized real-world assets there by count, with about 65% of the total.

The SEC inquiry

Tokenized securities sit close to existing financial law. The US Securities and Exchange Commission (SEC) spent a long period examining Ondo's tokenized products and whether ONDO itself was a security. In December 2025, Ondo said the SEC had closed the investigation without bringing charges. Rules for tokenized assets still differ from country to country, which limits who can use these products.

Risks to consider

ONDO's price depends on interest in Ondo's products and in tokenization as a whole. Large financial firms and other crypto projects compete for the same business. Scheduled token releases can add selling pressure. The tokenized products also rely on custodians, broker-dealers and legal structures that work outside the blockchain, so problems there could affect users. The token can also fall while the products grow, because owning it gives no claim on their assets.

Sources: ONDO token (Ondo Foundation documentation), OUSG (Ondo Finance), Ondo Global Markets expands tokenized securities platform to BNB Chain (The Block), Ondo Global Markets: 200+ tokenized U.S. stocks and ETFs on Solana (Solana), SEC ends Biden-era investigation into Ondo Finance without charges (The Block)

Last reviewed: Oct 8, 2026

Ondo (ONDO) FAQ

What is Ondo Finance?

Ondo Finance is a company that turns traditional assets, such as US Treasuries, stocks and ETFs, into blockchain tokens. Some of its products, such as tokenized stocks, are offered only outside the United States. ONDO is a separate governance token for the Ondo DAO and the Flux Finance lending protocol.

What is Ondo Global Markets?

Ondo Global Markets is Ondo's platform for tokenized US stocks and ETFs, launched in September 2025. Each token is backed by the matching shares held with licensed US broker-dealers. It started on Ethereum with over 100 assets, added BNB Chain in October 2025 and expanded to Solana in January 2026.

How much does ONDO cost right now?

ONDO is priced at about $0.4068 on FMchart's composite feed. During the last 24 hours, about $24.15M worth of ONDO traded across the exchanges in FMchart's composite. Prices on individual platforms can differ a little from this blended figure, especially when markets move fast.

Does holding ONDO mean owning tokenized stocks?

No. ONDO is a governance token for the Ondo DAO and Flux Finance. The tokenized stocks and Treasuries are separate products issued by Ondo Finance and backed by their own assets. Buying ONDO gives no claim on those assets. Its main use is voting on proposals for the Ondo DAO and Flux Finance.

What is ONDO's market cap and max supply?

ONDO's total supply is 10 billion, and around 4,869,330,647 are circulating. Its market cap is about $1.98B, which puts it at rank 48 by market value. Locked investor and team tokens are released over time, so circulating supply has been rising.

Who can use Ondo's tokenized stocks?

Eligible investors outside the United States can use them. US persons are not eligible, though the tokens can move between wallets on supported blockchains. Rules in each country also affect who can access the service. Tokens can be created and redeemed 24 hours a day on weekdays.

Did the SEC investigate Ondo Finance?

Yes. The SEC examined Ondo's tokenized products and whether the ONDO token was a security. In December 2025, Ondo said the agency had ended the investigation without bringing charges. Ondo called the outcome a major step forward for tokenized securities in the United States. Regulation is still developing in many countries.

What was ONDO's peak price?

ONDO's peak so far is $2.14, set on Dec 15, 2024. The token has moved with interest in tokenization and with broader crypto trends. That peak is part of the record, not a forecast. Today's distance from it is shown as From ATH in the Price Statistics panel.

How has ONDO performed month by month?

In FMchart's composite price history (since September 2024), ONDO's best monthly return is November 2024 (+77.9%) and its worst is February 2025 (-33.4%). The Monthly Returns (USD) table shows each month, and the Quarterly Closing Price (USD) table shows quarter ends. Earlier results do not predict later ones.

What are the risks of ONDO?

ONDO's value depends on demand for Ondo's products and for tokenization in general. Competition from large financial firms is growing. Token unlocks can add supply, and the products rely on custodians and legal structures outside the blockchain. ONDO also gives no claim on the assets behind those products.