According to Ondo Finance's announcement on July 23, its SEC-registered broker-dealer subsidiary, Oasis Pro Markets, has received FINRA authorizations covering tokenized NMS stocks, exchange-traded funds, mutual funds, index funds and IPO securities for U.S. investors. The framework supports settlement in fiat currencies or selected stablecoins, including transfers made directly between blockchain wallets, with the approved products including National Market System equities, ETFs, mutual funds, index funds and securities issued through initial public offerings. Oasis Pro Markets can operate a venue where U.S. issuers conduct primary offerings and eligible retail and institutional investors trade resulting assets in secondary markets. The company cautioned that FINRA membership and SEC registration do not guarantee compliance with every rule, with neither regulator having recommended the products or approved them as investments.
According to latest reports from crypto.news, Ondo Finance [ONDO] has surged 27% from $0.32 to an intraday high near $0.42, significantly outperforming Bitcoin and Ethereum over the past week. The latest rally was further accelerated by the network's announcement that perpetual traders can now use tokenized stocks as collateral, aimed at broadening the range of assets available for leveraged trading. The breakout came before this news announcement, with ONDO having just managed to break free from a bullish pennant that acted as a cap on prices during the consolidation phase. The aggressive breakout resulted in a market gap between $0.32 and $0.36, which got filled and the bullish run continued further, with the token's market capitalization reaching close to $2 billion. At the time of writing, ONDO was trading near $0.40 after falling roughly 3% over 24 hours, with its 7-day performance remaining positive and market cap standing near $1.94 billion based on a circulating supply of about 4.9 billion tokens.
As reported by crypto.news, ONDO has broken out of a descending channel that had controlled price action since May, with the daily chart showing the token breaking above the upper boundary after several failed attempts. The daily relative strength index has reached 69.18, just below the conventional overbought threshold of 70, while the MACD line has risen to 0.0130 above the 0.0044 signal line. The 4-hour chart shows ONDO moving above the Murray Math ultimate resistance at $0.3906 and the $0.4028 overbought level, with the next extension targeting $0.4272 if buyers secure a 4-hour close above $0.415. The breakout pattern has been developing over the past two and a half months, with the triangle consolidation now showing signs of resolution, supported by the 4-hour Chaikin Money Flow reading at 0.28, confirming that buying volume has outweighed selling volume during the breakout. At the time of analysis, ONDO was trading above its four displayed moving averages, with the 20-day average at $0.343, followed by the 50-day at $0.3465, the 100-day at $0.3409 and the 200-day at $0.3156. Aroon readings favor the recent advance, with Aroon Up at 92.86% compared with Aroon Down at 35.71%, showing strong upward momentum.
According to crypto.news data, daily active addresses rose from 2,589 to around 3,300 on July 21 as the price approached $0.40, alongside a sharp rise in trading volume that helped ONDO break from the descending channel. The altcoin's trading volume experienced a dramatic increase of more than 118%, surpassing $155 million, with the surge primarily attributed to perps trading activity. However, this volume remained below the $271 million perp volume achieved on July 17th. The high speculative trading on perps DEXs, combined with entities purchasing spot ONDO from exchanges, has contributed to the overall price momentum. Notably, perps volume accounted for all this volume while DEX volume stayed flat, highlighting the concentration in derivatives trading. At the time of analysis, ONDO's daily volume remained above $130 million, with the token trading near $0.40 after the recent pullback.
According to AMBCrypto's recent analysis of Spot Average Order Size data, ONDO's large holders have been showing little sign of stepping aside, with on-chain data indicating a surge in whale orders' accumulation around ONDO's press time price even after the breakout. This implied that long game players were still positive on the long-term bullish market structure. The altcoin's long-term technical structure has remained constructive by continuing to trade above key support levels established after the pennant breakout, preserving the higher highs and higher lows. The next major area which traders and investors are watching sits near $0.50, a psychological level that could attract both profit-taking and fresh buying interest. The presence of several liquidity clusters worth more than $5 million sitting above $0.45 seemed to affirm the market bias, with ONDO's price action potentially rallying further to hunt the unmitigated liquidity. A daily close above $0.42 would clear the latest swing high, while failure to hold $0.38 could expose the moving-average cluster between $0.341 and $0.347.
The institutional case for ONDO includes a cross-border redemption completed with Mastercard, Kinexys by J.P. Morgan and Ripple, with the transaction announced in May testing the redemption of tokenized U.S. Treasuries across two banking networks. A separate agreement with Japan's SBI Group added another source of demand for the RWA narrative, with the companies planning to explore tokenized Japanese securities distributed through SBI's network, with yen-based settlement through the JPYSC stablecoin. The tokenization narrative is also pulling capital into ONDO, with the company introducing round-the-clock minting and redemption for tokenized stocks in June, reducing dependence on U.S. market hours. Ondo reported in early 2026 that its tokenized products had exceeded $2.5 billion in total value locked, citing RWA.xyz and DefiLlama. At the time, the company said Ondo Stocks had generated more than $7 billion in cumulative trading volume across over 200 tokenized stocks, while its tokenized Treasury products accounted for about $2 billion in value. The company's acquisition of Oasis Pro in October 2025 brought an SEC-registered broker-dealer, alternative trading system and transfer agent into the group, with Oasis Pro Markets having been a FINRA member since 2020 and previously receiving authorization to settle digital securities using fiat, USDC and DAI.
