ONDO (Ondo) rose 6.31% in the last 24 hours.

Gate News Bot news, on September 10, according to CoinMarketCap, as of the time of writing, ONDO (Ondo) is currently priced at $0.99, having pumped 6.31% in the last 24 hours, reaching a high of $1.00 and a low of $0.90. The current market capitalization is approximately $3.149 billion, with a rise of $187 million compared to yesterday.

The Ondo Foundation was established in 2022 as an independently managed non-profit foundation company in the Cayman Islands, with no beneficial owners. The Ondo Foundation assisted in the launch of Ondo DAO, which deploys and currently manages Flux Finance, the first lending protocol that supports tokenized securities as collateral. The mission of the Ondo Foundation is to democratize institutional-level finance by supporting decentralized protocols such as Flux, participating in the Ondo DAO community, and supporting tokenized real assets like USDY.

Important news about ONDO recently:

1️⃣ ONDO Finance strategically acquires Strangelove Ondo Finance has acquired the blockchain development company Strangelove, which is an important step in its physical asset ( RWA ) expansion strategy. This move will significantly enhance Ondo's strength in the field of blockchain technology, laying a solid foundation for the further development of its tokenized asset business.

2️⃣ ONDO Spot ETF Application Submitted 21Shares has submitted an application for a spot ONDO ETF to the U.S. Securities and Exchange Commission (SEC). This move reflects the increasing interest of institutional investors in ONDO, and may also bring broader market exposure and potential institutional inflows for ONDO.

3️⃣ ONDO Finance plans to acquire a regulated broker Ondo Finance announced plans to acquire the SEC-regulated broker Oasis Pro, aimed at advancing its布局 in the U.S. tokenized securities market. This strategic acquisition will provide Ondo Finance with the necessary regulatory permissions, helping it to expand its tokenized securities business within a compliant framework, further consolidating its market position.

ONDO's recent proactive measures in acquisitions, regulatory compliance, and product innovation demonstrate its ongoing efforts in the field of physical asset tokenization and institutional-grade financial democratization. These strategic actions are expected to enhance investor confidence, attract more institutional participation, and thus provide support for ONDO's price trends.

This message is not an investment advice, and investors should pay attention to market volatility risks.