In September 2025, the global cryptocurrency trading platform Gate officially launched the Ondo zone, introducing tokenized stocks and ETFs from well-known companies such as Apple (AAPLON), Tesla (TSLAON), and Microsoft (MSFTON). This initiative achieved a seamless connection between traditional finance and crypto finance, marking a key turning point for the RWA sector from conceptual exploration to large-scale application.
During the same period, the total locked value (TVL) in the RWA track exceeded 15.73 billion USD, setting a historical record, while Ondo Finance ranked third in the track with a TVL of 1.659 billion USD. However, despite the strong fundamentals, the price of the ONDO Token experienced short-term fluctuations, falling back to around 0.885 USD as of September 26.
01 RWA explosive growth in the track
The real asset tokenization market is undergoing a silent revolution. As of September 22, 2025, the total locked value of the RWA sector has surpassed a historical high of $15.73 billion. This data reflects the strong confidence of institutional capital in blockchain bridging traditional finance.
According to statistics from the industry data platform RWA.XYZ, the global on-chain RWA asset scale has reached 29.52 billion USD, with holder accounts exceeding 310,000. Wall Street giants like BlackRock have entered the market with trillions of capital, pushing RWA from marginal experiments to the mainstream track.
On September 25, Securitize announced the selection of Ripple USD (RLUSD) as the redemption channel for the BlackRock BUIDL fund, further confirming the trend of accelerated integration between RWA and traditional finance. The total assets under management of the BUIDL and VanEck’s VBILL funds reach $2.1 billion, and their participation brings more institutional-level liquidity to the RWA space.
02 The innovative advantages of the Gate ONDO zone
Gate’s Ondo section has created a support system through collaboration with Ondo Global Markets.24⁄7Tokenization of traditional asset markets for trading. This platform offers several features that disrupt traditional investing:
- Fragmented trading: Investors can purchase a portion of high-priced stocks or ETFs, significantly lowering the investment threshold.
- Dividend Reinvestment: The token not only tracks stock prices but also encompasses dividend reinvestment, ensuring users enjoy full economic exposure.
- On-chain free transfer: asset support24⁄7On-chain transfers have higher liquidity and can circulate across different platforms.
- Compliance and Transparency: All Tokens are fully backed by underlying securities, held by a custodian broker, ensuring asset security.
Currently, more than 30 cryptocurrency exchanges in the market have begun to offer "tokenized stocks" trading services. This stands in stark contrast to traditional internet brokers. The core advantage of crypto brokers is that they do not require KYC, allowing users to trade stocks without providing any identification, which significantly lowers the barrier for global users to participate in the stock market.
03 ONDO Token price movement analysis
Despite the strong fundamentals of the RWA sector, the ONDO token price has experienced short-term fluctuations recently. On September 12, the ONDO price briefly broke through the $1.1 mark, reaching a high of $1.135, hitting a recent price peak.
As of September 26, the ONDO price has fallen significantly to $0.885, down 18% over the past 7 days. This decline is mainly due to overall market volatility and profit-taking pressure.
From a technical analysis perspective, the RSI indicator for ONDO was 43.45 on September 24, sitting in the neutral zone but showing a downward trend. The bearish MACD histogram has turned negative, indicating that a bearish momentum is forming.
ONDO key price level
The following are the key technical indicators and price levels of the ONDO Token (as of September 28, 2025):
| Indicator Category | Specific data | Market Meaning |
|---|---|---|
| Current Price | 0.885 USD | Recent pullback is significant. |
| Key support level | 0.86-0.84 USD | Key Defensive Area for Bulls |
| Recent resistance level | 1.14 USD | 52-week high |
| RSI indicator | 43.45 (neutral to weak) | Momentum shows a declining trend |
| TVL data | 1.672 billion USD (historical high) | Fundamentals and price are diverging. |
The trading volume remains active, with the ONDO/USDT trading pair on the Gate spot market reaching tens of millions of dollars, demonstrating the sustained interest in the market.
Analysts point out that ONDO has formed a bullish volatility contraction pattern (VCP). If it breaks through the 1.13 dollar resistance, the target may be in the range of 1.37-1.91 dollars.
04 Regulatory Dynamics and Asian Competitive Landscape
On September 23, the latest news shows that the China Securities Regulatory Commission has recommended that some local brokerage firms suspend RWA tokenization业务, reflecting the regulatory body’s concern over the development of offshore digital assets. This regulatory guidance aims to strengthen risk management for new businesses and ensure that companies have solid and legitimate business support.
At the same time, Asian financial centers are accelerating their layout in the RWA track. In September 2025, Hong Kong and Singapore will launch a new round of RWA tokenization measures almost in the same week.
The Hong Kong Monetary Authority announced the expansion of the third batch of the Ensemble sandbox to three major asset classes: bonds, carbon credits, and private equity funds. Meanwhile, the Monetary Authority of Singapore (MAS) has officially allowed REITs to be traded directly on-chain, and has opened up subscription for retail investors. The simultaneous "accelerating" efforts of the two major Asian financial centers aim to create an "RWA Wall Street" in the Asia-Pacific region.
On a technical level, Ant Group’s Layer2 chain Jovay supports 100,000 TPS transactions, making "millisecond-level trusted transactions" a reality. The Chainlink DECO protocol combines zero-knowledge proof technology to verify the authenticity of off-chain assets while protecting privacy, achieving a compliance identification accuracy rate of 99.9% for the Hong Kong Monetary Authority’s "compliance chain" platform.
05 Future Outlook of Tokenization in Finance
The future layout of ONDO does not stop at current achievements. Its development plan includes multi-chain expansion to high-performance networks such as Solana and BNB Chain to further reduce transaction costs.
Solana The RWA market has reached a total value locked of $671 million after the integration of the BlackRock BUIDL fund, setting a record for the blockchain network. Solana’s high throughput (65,000 TPS) and low transaction cost ($0.00025) make it an ideal choice for institutional-level RWA applications.
At the same time, Ondo plans to expand from stock leaders to more international markets and fund products, and is committed to connecting with DeFi protocols, wallets, and cross-chain bridges to enable the tokenization of assets to circulate in more scenarios.
The strategic cooperation agreement signed recently between Huajian Medical and Chuangsheng Group, involving the tokenization of a $1.5 billion innovative drug pipeline asset RWA, also indicates that the application of RWA is penetrating into broader traditional fields such as biomedicine.
Future Outlook
According to data from LSEG’s DMI platform and Nasdaq’s regulatory changes, the tokenization asset market is expected to exceed $30 trillion in scale by 2030. With the participation of traditional financial giants like BlackRock and Fidelity, as well as innovations from crypto-native platforms like Gate, the RWA track is ushering in its historic moment.
The future of on-chain finance has arrived, and it is quietly reshaping the landscape of global capital markets.
