ONDO jumped roughly 16% after reports that the US Securities and Exchange Commission is preparing a framework that could allow tokenized versions of stocks to trade on crypto rails, potentially giving one of the real-world asset sector’s most visible names a fresh regulatory tailwind. ONDO traded near $0.390, up 15.5% over 24 hours, with about $228 million in daily volume and a market capitalization near $1.9 billion.
Why Is ONDO Profiting The Most From The News?For crypto markets, the report landed directly on one of the year’s strongest narratives: tokenized public equities. The Kobeissi Letter described the potential exemption via X as a “surprise move,” saying it could “reshape the landscape of the American stock market” and represent “one of the US’ biggest shifts into crypto infrastructure yet.”
Katie Wheeler, Managing Director of Global Partnerships at Ondo Finance, said in a recent interview that the platform’s growth could accelerate further. “I wouldn’t be surprised if we surpassed $5 billion by the end of the year. I know that seems a little advantageous, but we have a lot of interest and we’re really building up quite a pipeline.”
Wheeler’s broader argument is that tokenized equities remain early relative to the size of public markets. “We are literally just scratching the surface. This is a very large industry. So even if we did 1%, I think that would be tremendous,” she said.
Tokenized stocks are just getting started.
Still, the reported SEC approach raises a core regulatory question: whether stock-linked tokens can scale without undermining shareholder protections. Bloomberg reported that the tokens may not provide traditional rights such as voting power or dividends, while the source material indicates platforms could lose eligibility if listed products fail to provide rights such as voting or dividends.
At press time, ONDO traded at $0.3871.
