ONDO gained roughly 18% between July 14 and July 16 as Ondo Finance launched tokenized stock representations tied to DTC infrastructure and announced a Japanese equity partnership with SBI Group.
The token rose from around $0.31 on July 14 to a July 16 high near $0.37, while daily trading volume increased from about $54 million to $268 million. ONDO traded near $0.33 during the latest market check, giving back part of the two-day advance while remaining above its pre-announcement level.
Ondo launched the first stock representations based on DTC tokenized entitlements on July 15. The assets are derived from tokenized entitlements to securities held through The Depository Trust Company and generated through DTCC’s Tokenization Service.
The structure connects Ondo’s onchain products to the infrastructure used by DTC for custody and asset servicing. It should not be described as a DTCC guarantee of ONDO or as direct ownership of the underlying stocks outside the product’s legal terms.
Wallet Growth Extends Beyond First Session
The price move was accompanied by three consecutive days of higher network participation.
New ONDO addresses increased from 367 on July 14 to 562 on July 15 and 754 on July 16. The final reading was more than double the pace recorded during parts of early July and marked the strongest three-day sequence since June.
Daily active addresses climbed from 1,410 to 1,971 and then 2,589 across the same period. The rise indicates that the announcement drew activity from a broader group of wallets rather than producing only a higher token price and exchange volume.
The figures remain activity indicators rather than proof of sustained user growth. New wallets can be created by existing participants, exchanges or automated systems, while active-address counts do not reveal how much capital each wallet deployed.
SBI Deal Extends Tokenization Push to Japan
Ondo and SBI Group also agreed to bring Japanese equities onchain, distribute Ondo products through SBI’s financial ecosystem and use the group’s JPYSC stablecoin for settlement and collateral. SBI manages more than $250 billion in assets across brokerage, banking, asset management and crypto businesses.
The agreement expands a tokenized-stock platform that already carries more than 440 assets. Ondo recently added 173 stocks and ETFs and helped push the wider tokenized-equity market above $1.8 billion.
SBI and Ondo have not disclosed which Japanese companies will be tokenized first or when the products will become available.
