Ondo wallet activity surges after DTCC, SBI deals as ONDO eyes $0.38

ambcryptoPublished on 2026-07-17Last updated on 2026-07-17

Abstract

Activity around Ondo Finance is surging, with new wallet addresses doubling to 754 and daily active addresses jumping from 1,410 to 2,589 over a three-day period ending July 16. This spike in on-chain activity coincides with key new developments from the platform. Ondo recently launched tokenized stock representations using DTCC's infrastructure, aligning its products more closely with traditional U.S. markets and joining ranks with firms like BlackRock and JPMorgan. Additionally, a partnership with Japan's SBI Group aims to bring Japanese equities onchain and explore using a yen-backed stablecoin for settlement. This flurry of institutional deals and infrastructure expansion has drawn significant attention to ONDO as the token eyes a test of the $0.38 price level.

Activity around Ondo Finance [ONDO] is picking up! This is happening in tandem with its new infrastructure and partnerships, so it looks like good days are ahead.

Here’s the latest.

Ondo Finance’s on-chain activity shoots up

Per Santiment Intelligence, new addresses have increased for three straight days. The metric hit 754 on July 16; that’s about twice the pace seen earlier in the month. Daily active addresses also followed the pattern, going from 1,410 to 2,589 over the same period.

Source: Santiment Intelligence

The key inference here, is that new developments have attracted attention to the platform.

Ondo recently launched tokenized stock representations using entitlements generated through DTCC’s tokenization infrastructure. This connects its products more closely with the systems used in traditional US markets.

The company stated that with this, they’re joining a select club of leading TradFi and DeFi firms. Some of the other well known names include BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and the NYSE.

It also partnered with Japan’s SBI Group to bring Japanese equities onchain. The aim is to distribute Ondo products through SBI’s network and explore the use of a yen-backed stablecoin for settlement.

About the same, Ian De Bode, CEO, Ondo Finance, said,

This collaboration creates a path to bring Japanese assets onchain and to connect Japan with the global tokenized economy.

A test at $0.38

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Related Questions

QWhat are the two key partnerships or developments mentioned that have increased activity around Ondo Finance?

AThe two key developments are: 1) The launch of tokenized stock representations using entitlements generated through DTCC's tokenization infrastructure. 2) A partnership with Japan's SBI Group to bring Japanese equities onchain and explore using a yen-backed stablecoin for settlement.

QAccording to Santiment Intelligence data, how did new addresses and daily active addresses change around July 16th?

ANew addresses hit 754 on July 16th, which was about twice the pace seen earlier in the month. Daily active addresses increased from 1,410 to 2,589 over the same three-day period leading to July 16th.

QWhat is the significance of Ondo Finance's integration with DTCC's infrastructure according to the article?

AThe significance is that it connects Ondo's products more closely with the systems used in traditional US markets and places the company among a select group of leading TradFi and DeFi firms, including names like BlackRock, JPMorgan, and Nasdaq.

QWhat did Ondo Finance's CEO, Ian De Bode, say about the collaboration with SBI Group?

AIan De Bode stated, 'This collaboration creates a path to bring Japanese assets onchain and to connect Japan with the global tokenized economy.'

QWhat is the price level that ONDO token is said to be eyeing, as indicated in the article title?

AThe article title indicates that the ONDO token is eyeing a price of $0.38.

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