Ondo Hits 1-Month High On First DTC-Backed Tokenized Stocks
2026-07-16 13:07:15
Ondo (ONDO) jumped to a one-month high after debuting the first tokenized stocks backed by DTC Tokenized Entitlements, with the altcoin rising as much as 17% to an intraday $0.37, its strongest level since June 18. The rally also put ONDO atop CoinGecko’s biggest gainers list, according to BeInCrypto, while Bitcoin (BTC) was little changed. Ondo’s CRCLon and SPYon tokens represent Circle (CRCL) and SPDR S&P 500 ETF (SPY) shares on-chain, fully backed by the underlying securities.
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