ONDO brings “private companies” on-chain
Ondo has launched Private Markets. Its first product will offer tokenized exposure to a private AI company, with 24/7 secondary-market trading expected to open this week. The platform will later expand to robotics, cybersecurity, and biotech.
But note: These are tokenized notes that track the value of a company’s equity, not stocks. Holders have no shareholder rights, and the product is available only to eligible non-U.S. investors in permitted jurisdictions.
As of 6:23 p.m. Taiwan time on 10/6, $ONDO was worth about $0.495, with 24-hour trading volume of about $226 million. The token price has not risen significantly on the news, suggesting the market is still assessing actual demand.
Bottom line: This is an important step in ONDO’s expansion of the RWA landscape, but product growth does not necessarily mean value will flow to the ONDO token. For this to be a meaningful catalyst, we need to see trading volume for the first asset and a mechanism for ONDO to capture value.
$ONDO #RWA #Tokenization #AI
Ondo has launched Private Markets. Its first product will offer tokenized exposure to a private AI company, with 24/7 secondary-market trading expected to open this week. The platform will later expand to robotics, cybersecurity, and biotech.
But note: These are tokenized notes that track the value of a company’s equity, not stocks. Holders have no shareholder rights, and the product is available only to eligible non-U.S. investors in permitted jurisdictions.
As of 6:23 p.m. Taiwan time on 10/6, $ONDO was worth about $0.495, with 24-hour trading volume of about $226 million. The token price has not risen significantly on the news, suggesting the market is still assessing actual demand.
Bottom line: This is an important step in ONDO’s expansion of the RWA landscape, but product growth does not necessarily mean value will flow to the ONDO token. For this to be a meaningful catalyst, we need to see trading volume for the first asset and a mechanism for ONDO to capture value.
$ONDO #RWA #Tokenization #AI