RWA Tokenization Expands as Ondo Finance Unveils Nexus, Driving ONDO Price Growth

RWA Tokenization Expands as Ondo Finance Unveils Nexus, Driving ONDO Price Growth

Ondo Finance has announced the launch of Ondo Nexus, an initiative that will expand liquidity for third-party tokenized Treasuries. The platform will offer assets from Franklin Templeton, WisdomTree, Wellington Management, and Fundbridge Capital, utilizing 24/7 liquidity from BlackRock and PayPal.

The move comes after Ondo Finance integrated its tokenized US Treasury fund, OUSG, with the XRP Ledger (XRPL) last month.

Ondo Nexus will enable investors to redeem tokenized Treasuries for stablecoins like USDC, with PayPal USD (PYUSD) to be added soon. The development will enhance the accessibility and flexibility of digital assets backed by traditional financial instruments.

Following the announcement of Ondo Nexus, ONDO price experienced a strong upward movement. The token showed bullish momentum, reaching a high of $1.38. The increasing demand for tokenized Treasuries and growing investor confidence in Ondo Finance have contributed to the recent price surge.

Technical indicators suggest a continuation of the upward trend. A Golden Cross has formed, with the 50-day moving average crossing above the 200-day moving average. The pattern often signals sustained bullish momentum. Additionally, ONDO price is forming a Falling Wedge pattern, which could lead to further gains if a breakout occurs.

The Relative Strength Index (RSI) currently stands at 50.68, indicating neutral to slightly bullish momentum. The next resistance level is estimated near $2.60, while support levels are at $1.01 and $0.79.

The RWA sector has experienced rapid expansion, with total value locked (TVL) in tokenized Treasuries crossing $3 billion in 2024. Ondo Finance remains a key player in this space, offering 24/7 redemptions with no fees for investors. The ability to convert tokenized Treasuries into stablecoins has increased demand for these assets.

By integrating tokenized Treasuries from multiple issuers, Ondo Nexus strengthens the overall infrastructure of the RWA ecosystem. Investors now have more options to manage their assets efficiently, reducing reliance on traditional financial markets.

With increasing adoption of tokenized Treasuries and expanding liquidity solutions, ONDO price may continue its upward trajectory. Analysts expect further gains if the price breaks out of the Falling Wedge pattern. If momentum continues, ONDO price could test the $2.60 resistance level in the coming weeks.