Ondo Finance announced on Wednesday, October 14, through its own account on X that assets under management across all products have passed four billion dollars. More than 1.3 billion dollars of that sits in tokenised stocks and ETFs, according to the same statement, and the company counts more than one million holders across all products. Two days later, on October 16, a second figure arrived pointing the other way: Ondo's share of the market for tokenised stocks has fallen from about 56 percent in early January to roughly 26 percent in the week of October 5. Both are true at the same time, and that is exactly what makes the picture interesting for holders of ONDO.
The price did not follow the record announcement. ONDO trades at $0.4444, which is 9.62 percent below its level seven days ago, while the overall market for tokenised stocks has grown 483 percent over the same year. This article places the two figures side by side, explains the mechanism behind them and sets out what an investor in Europe has to consider when it comes to the purchase route, custody and the one-year holding period.
English (US)