Ondo Finance’s new solution, which allows third-party tokenized securities to be used fully on-chain in compliance with regulations in the US, has renewed interest in the ONDO token. While tokenizing real-world assets is not a new field, this step stands out as a significant development that strengthens the link between blockchain infrastructure and traditional financial markets.
New step in the regulatory framework
Ondo Finance announced that it is collaborating with Broadridge Financial Solutions, which operates in the field of financial infrastructure and market technologies. The company stated that with this partnership, it has put in place the first structure that enables third-party tokenized US securities to operate within the existing US regulatory framework.
Mini dictionary: Tokenized security means creating a digital representation of shares or similar financial assets on the blockchain. Third-party tokenization refers to the technical implementation of this process by a structure other than the institution that issued the relevant security.
Ondo Finance announced that this is the first time that US-listed securities have been tokenized on a public blockchain by a third party, and that it has done so in compliance with the existing US regulatory and infrastructure framework.
The statement is considered not only as a new product announcement, but also as a sign of the increasing interest of institutional investors in regulatory-compliant blockchain-based securities markets. This area is among the long-term growth headlines of the crypto industry.
Critical thresholds in price outlook
ONDO followed the market closely after the news flow. While the token price is trading at approximately $0.33, it has decreased by approximately 3 percent in the last 24 hours. Despite this, technical indicators show that the short-term pressure has not completely disappeared but shows signs of weakening.
According to TradingView data, ONDO remains below the middle Bollinger Band at $0.36. This outlook indicates that the influence of sellers continues in the short term. On the other hand, the fact that the price is holding above the lower Bollinger Band of $0.32 suggests that the recent selling wave has slowed down for now.
The Relative Strength Index recovered to 48.7. Although this data reveals that the momentum is approaching the neutral zone, it has not yet confirmed a clear upward break.
Cautious optimism in the derivatives market
CoinGlass data also adds an additional dimension to the picture. Although there was a price correction throughout June, the open interest size did not decline sharply and remained relatively stable in the range of $140 million to $150 million. This shows that derivative market participants largely remained on hold rather than closing positions.
The range between 0.36 and 0.37 dollars is watched as the main resistance zone in the market in the next period. If the price rises above this area and there is an increase in open positions, a stronger recovery accompanied by new capital inflows into the market may come to the fore. On the other hand, if the $0.32 support is lost, the possibility of sellers gaining the upper hand again in the short term remains on the table.
