ONDO (Ondo) rose 8.50% in the last 24 hours.

Gate News Bot news, September 3, according to CoinMarketCap data, as of the time of writing, ONDO (Ondo) is currently priced at 0.95 USD, with a rise of 8.50% in the last 24 hours, reaching a high of 0.97 USD and a low of 0.86 USD. The current market capitalization is approximately 3.016 billion USD, an increase of 236 million USD compared to yesterday.

The Ondo Foundation was established in 2022 as an independently managed nonprofit foundation company in the Cayman Islands, with no beneficial owners. The foundation assisted in launching the 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, with a focus on supporting decentralized protocols like Flux, engaging with the Ondo DAO community, and supporting tokenized physical assets such as USDY.

Recent important news about ONDO:

1️⃣ ONDO Finance acquires blockchain development company Strangelove Ondo Finance announced the acquisition of the blockchain development company Strangelove, which is part of its expansion strategy for physical assets (RWA). This acquisition will enhance Ondo's strength in the field of blockchain technology and help its further development of tokenized asset business.

2️⃣ 21Shares submits spot ONDO ETF application to SEC The well-known cryptocurrency ETF issuer 21Shares has submitted an application for a spot ONDO ETF to the U.S. Securities and Exchange Commission (SEC). This move reflects an increasing interest from institutional investors in ONDO, and it may also bring more market exposure and potential investment for ONDO.

3️⃣ Ondo Finance plans to acquire the SEC-regulated broker Oasis Pro Ondo Finance announced plans to acquire the SEC-regulated broker Oasis Pro to advance its development in the U.S. tokenized securities market. This strategic acquisition will provide Ondo Finance with the necessary regulatory licenses, helping it expand its tokenized securities business within a compliant framework.

Recent positive measures by ONDO, particularly in acquisitions, regulatory compliance, and product innovation, may be the main factors driving its price rise. These actions demonstrate Ondo Finance's ongoing efforts in the tokenization of physical assets and the democratization of institutional-level finance, which are expected to enhance investor confidence and attract more institutional participation.

This message is not intended as investment advice; investors should be aware of market volatility risks.