On September 3, 2025, the cryptocurrency exchange Gate announced the launch of the Ondo zone and the simultaneous opening of spot trading, with the first batch introducing 26 popular Ondo trading pairs.
This marks a new stage in the integration of traditional financial assets with the crypto market, allowing global users to trade on-chain versions of US stocks and ETFs around the clock, just like trading cryptocurrencies.
01 RWA track accelerates its rise, tokenized asset scale breaks new highs
The tokenization field of RWA (Real World Assets) is moving from niche to mainstream. In the past three years, the RWA market has grown nearly 380%, reaching a value of 24 billion dollars.
Data shows that the market capitalization of the RWA tokenization market has grown from about 67 billion dollars to nearly 76 billion dollars over the past period. As of mid-September 2025, the total on-chain value of tokenized assets has exceeded 29 billion dollars, setting a new historical record.
The main driving force behind this growth comes from the tokenization of private credit and US Treasury bonds. The year 2025 has become a breakthrough year for RWA development, with the entire industry growing by over 260% since January, jumping from less than $9 billion to over $23 billion.
02 Ondo leads the market, institutional funds accelerate influx
As a leader in the RWA tokenization space, Ondo Finance holds nearly 40% of the global tokenized securities market share. It has transformed the way global investors access the U.S. market by bringing traditional financial assets onto the blockchain.
The total locked value (TVL) of Ondo Finance has shown explosive growth. According to DefiLlama data, its total locked value was $650 million in January 2025, and by September 12, this figure soared to $1.56 billion.
This growth is attributed to the surge in market demand for its tokenization products, which include OUSG (a tokenized short-term US Treasury bond fund) and USDY (a yield-stable coin). According to data from RWA.xyz, the TVL of just these two assets reaches as high as 1.4 billion dollars.
03 ONDO price performance is strong, technical indicators are positive.
With the expansion of the RWA market and the increase in partnerships, the price of the ONDO Token has seen a significant rise. As of September 12, 2025, the price of ONDO reached $1.11, with a 7-day increase of 22.39%.
As of September 15, the trading price of ONDO has surpassed $1.09, with a weekly increase of 19% and a rise of 4% over the past 30 days. This strong performance aligns with the overall growth trend of the real-world asset (RWA) tokenization market.
From a technical analysis perspective, the ONDO Token shows strong bullish momentum. The current price is approaching the key resistance level of $1.13, supported by increasing trading volume and a relative strength index (RSI) of 66, indicating that upward momentum is strengthening.
Analysts have also noticed that a head and shoulders bottom pattern is forming on the ONDO chart. If it can successfully break through the neckline resistance around $1.08, it could open the way to $2.10, representing a 100% upside potential from the current levels.
04 Gate collaborates with Ondo to launch tokenization of stock trading
The launch of the Ondo zone on Gate provides its over 33 million global users with a convenient and efficient on-chain Ondo trading experience. The first batch of 26 trading pairs covers major tech stocks, index ETFs, and popular stocks.
These trading pairs include: SPYON/USDT (tracking the S&P 500 ETF), QQQON/USDT (tracking the Nasdaq ETF), TSLAON/USDT (tracking Tesla stock), AAPLON/USDT (tracking Apple stock), and NVDAON/USDT (tracking Nvidia stock).
Each tokenized stock is fully collateralized by spot securities held by a U.S. registered broker and cash in transit, available to users outside the U.S. 365 days a year.24⁄7Instant minting, redemption, and transfer.
To celebrate the official launch of the Ondo zone, Gate will hold the CandyDrop event from September 4th, 12:00 to September 17th, 12:00 (UTC+8). Users participating in trading in the Ondo zone have a chance to share 384,615 ONDO Tokens.
05 Traditional institutions are entering the market, embracing the trend of tokenization.
Traditional finance is actively embracing the trend of tokenization. Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch trading of tokenized securities.
If approved, this will become the first securities exchange in the United States to offer tokenized securities trading. This indicates that traditional exchanges are taking this emerging asset class seriously.
Ondo Finance has also established close partnerships with several Wall Street institutions. Its OUSG fund is the largest investor in Fidelity’s new digital tokenization fund, while also investing in BlackRock’s BUIDL fund and other traditional financial companies such as WisdomTree, Franklin Templeton, and Wellington Management.
06 RWA Track Future Prospects: Opportunities and Challenges Coexist
Looking ahead, the RWA sector has immense growth potential. Analysts believe that the market could expand to $30 trillion by 2034.
International financial centers such as Hong Kong, Singapore, and Dubai are competing to introduce favorable policies to capture this new market worth trillions of dollars. Before the fourth quarter of 2025, Hong Kong will complete the draft of the "Digital Asset Issuance and Trading Regulations" to provide a more regulated development environment for RWA.
However, investors also need to be aware of potential risks. The ONDO Token unlocking event is scheduled to take place every January. The next token unlocking event will release nearly 2 billion new ONDO Tokens into the market, which may lead to a significant price correction.
Therefore, the period from September 2025 to January 2026 may be a relatively favorable time to trade ONDO, but as the unlocking date approaches, selling pressure may increase.
Future Outlook
One of the world’s largest cryptocurrency exchanges, Gate, has partnered with RWA leader Ondo Finance, marking just the beginning of the fusion between traditional finance and crypto finance.
Nasdaq has submitted an application to the U.S. Securities and Exchange Commission to launch tokenized securities trading; international financial centers such as Hong Kong and Singapore are also racing to introduce favorable policies to compete for this multi-trillion-dollar new market.
With increasingly clear regulations, continuously maturing technology, and the evolution of user habits, RWA is expected to move from financial innovation to mainstream application. In the future, we may live in a "24/7 financial market" without time and space limitations, and Wall Street will also be revitalized with the support of blockchain.
