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ONDO surged another ~10% today, capping ~100% in weekly gain despite the crypto market's rough past week. Is the surge over, or is crypto waking up to the outsized opportunities in the Real-World Assets (RWA) world?
The RWA platform, offering treasury-backed products onchain for accredited investors, benefitted significantly from BlackRock's BUIDL Fund announcement last week — as BlackRock helps Ondo issue its bonds.
This TradFi titan's new fund boosted ONDO and other RWA tokens, all posting impressive gains last week. Overall, given its TradFi ties, token locks, and multi-chain product launches, Ondo positions itself as a standout RWA play, arguably now the flagship token in the category.
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