Ondo
rose 1.5% to $ 0.7671 over the past 24 hours and kept near the latest heights after a week’s gain, according to Coindesk Research’s technical analysis model.
The move comes about two weeks after Ondo Finance revealed a new industrial collaboration that focused on setting standards for tokenized securities.
In a blog post on June 17, the company announced the creation of the Global Markets Alliance, a group of wallets, exchanges and deputies working together to improve interoperability, investor protection and access to tokenized assets in the real world. Participants include Solana Foundation, Bitgo, Fireblocks, Jupiter, 1inch, Trust Wallet, Bitget Wallet, Rainbow Wallet and Alpaca.
The message comes ahead of Ondo’s scheduled launch of the Ondo Global Markets, a platform aimed at allowing crypto -drawing books and applications to offer tokenized exposure to the United States publicly traded securities, such as shares, ETFs and mutual funds, for users based outside the United States, according to the company, the initiative is intended to reduce fractions in connection with traditional. the capital market market infrastructures and wider outside of global access.
Each member of the alliance contributes in another capacity. Wallet providers such as Trust Wallet and Rainbow Wallet integrate Ondo’s tokenized asset standards, while exchanges such as Jupiter and aggregators such as 1 inch are expected to support programmatic access to tokenized assets. Bitgo and Fireblocks provide institutional custody and infrastructure, and Alpaca handles brokerage and regulatory services tailored to tokenized securities.
The company said the group will work to adapt technical and compliance standards for tokenized securities, improve cross-platform access and liquidity and support for the use of cases such as self-defense and onchain trading. While the alliance has not committed to a specific timeline, its members have framed the initiative as part of a long-term shift towards integrating traditional financial products into blockchain-based systems.
In a post of X dated June 28, Ondo Finance wrote that “2025 will be the year of tokenized shares,” indicating the team’s belief that the adoption of tokenized financial instruments may accelerate in the coming quarters.
Technical analysis highlights
- Between June 28, 15:00 UTC and June 29, 14:00 UTC, Ondo rose from $ 0.749 to $ 0.769, a gain of 2.67% within a 3.33% trading area.
- Strong support was confirmed at $ 0.755 with a large volume during the UTC Hour on June 28.
- Key resistance to $ 0.765 was broken during 00:00 UTC HOUR on June 29, when volume spiked at 8.9 million.
- From 13:05 to 14:04 on June 29, Ondo fell slightly from $ 0.773 to $ 0.769, a fall of 0.58%, with remarkable sales at. 13:33 UTC.
- A temporary level of support formed at $ 0.768, as several recovery attempts over $ 0.769 failed in the last minutes.
- Price action during the last hour formed a falling channel of lower heights, but the last light hinted at potential reversal.
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