ONDO Climbs 17.9% as Treasury Pilot Boosts RWA Narrative
ONDO climbed 17.9% after a tokenized Treasury pilot involving Ripple, Mastercard, and JPMorgan.Whale cohorts added about 77.7M ONDO in a month, showing broader accumulation across holders.ONDO must hold $0.42 to keep its breakout intact, with $0.47 and $0.55 as the next key levels. ONDO climbed 17.9% today after traders reacted to a tokenized Treasury settlement pilot involving Ondo Finance, Ripple, Mastercard, and JPMorgans Kinexys platform. CoinGecko data showed the token rising to about $0.435, extending a sharp early-May recovery. The move followed a successful test involving OUSG, Ondos tokenized U.S. Treasury product. The pilot completed a cross-border, cross-bank redemption, with the XRP Ledger processing the asset leg in under five seconds. Treasury Pilot Puts RWA Demand Back in Focus The rally came after two developments placed Ondo deeper into the real-world asset conversation. On May 4, the Depository Trust & Clearing Corporation named Ondo Finance to its tokenization working group, which included more than 50 financial firms. Two days later, Kinexys by JPMorgan, Mastercard, Ripple, and Ondo completed the Treasury redemption pilot. The transaction tested how public blockchain networks can link tokenized assets with traditional banking settlement systems. The key point for traders was utility. The test showed tokenized Treasuries moving across borders and banks in