RWA Tokenization Protocol Ondo Finance Integrates with Mastercard's Multi-Token Network (MTN)

This partnership, a key development linking private payment systems to tokenized assets, has analysts forecasting potential price shifts for ONDO.

On Monday, major cryptocurrency market integration saw a key development as reports revealed that a major integration between Web3 asset tokenization protocol Ondo Finance and Mastercard’s Multi-Token Network (MTN) is now driving market speculation and price predictions for the $ONDO token. This partnership, a central development linking private payment systems to tokenized assets, has analysts forecasting potential market shifts.

As reported by Benzinga, this new initiative sees Ondo’s short-term U.S. government treasury fund (OUSG) become the first tokenized Real World Asset (RWA) on the Mastercard network. This development will enable businesses to easily earn daily returns on tokenized assets with 24/7 access for subscriptions and redemptions, while also noting the removal of stablecoin onramps and typical settlement delays as a key factor in positive $ONDO price forecasts.

1/ Mastercard is bringing Ondo Finance into the Multi Token Network (MTN) as the first RWA provider on the network.

The MTN enables banks to offer digital financial services to integrated businesses, and Ondo’s Short Term US Treasuries Fund (OUSG) will be the first tokenized…

— Benzinga (@Benzinga) August 14, 2023

Mastercard Deal: Catalyst for $ONDO’s Projected Growth?

The OUSG integration with MTN provides banks and financial institutions with 24/7 access to tokenized treasuries in real-time. This happens without needing extra crypto infrastructure or accounts. As a result, businesses get fast, simple access to tokenized treasuries using their regular cash balances.

“We are pleased to welcome Ondo to the Multi-Token Network. This partnership marks a significant step in advancing the role of technology in connecting the traditional and digital financial domains,” said Ann Todورو, EVP, Digital Solutions at Mastercard. “With institutions increasingly seeking innovative revenue streams and avenues for growth, the Multi-Token Network provides a unique platform for institutions to generate new services and value propositions.”

This partnership builds on Mastercard’s previous ventures into the crypto space. Earlier this year, the payments giant announced plans to launch a testing program for a stablecoin on its Multi-Token Network.

This new initiative is another step in Mastercard’s strategy to expand its presence in the rapidly growing digital asset market. It is also part of the company’s broader goal to to provide seamless and efficient payment experiences across all channels.

The partnership with Ondo Finance is a key development in the integration of traditional finance and blockchain technology. It is also a testament to the growing demand for tokenized assets from institutional investors.

Technical Analysis & 2025 Price Trajectory

$ONDO has been performing well recently, and its price is currently at $1, up 1.66% in the last 24 hours, according to Price today. However, the 20-day Exponential Moving Average (EMA) for $ONDO stands at $1.17, which is acting as a resistance level.

As the price chart shows, RSI is at 33.94, indicating that sellers are still in control of $ONDO’s price. However, the direction of the line suggests that selling pressure is decreasing and a reversal in price could be coming.

The MACD is still sloping downwards, with the MACD Histogram showing red bars.

As the chart shows, the price of $ONDO has been on a downward trend since early 2023. The token hit a high of around $2.5 in January 2023, but it has been trading in a range of $0.8 to $1.8 since then.

The partnership with Mastercard could be a major catalyst for $ONDO’s growth in 2024. The integration of OUSG into the MTN will provide banks and financial institutions with 24/7 access to tokenized treasuries in a fully compliant manner. This will also create new opportunities for institutions to generate revenue and expand their offerings.

With the rapid advancements in blockchain technology and the increasing demand for institutional-grade products, Ondo Finance is well-positioned to capitalize on the vast potential of the tokenized asset market.

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