The tokenization of real-world assets (RWAs) is accelerating, with total tokenized assets reaching $26.6 billion according to data from RWA.xyz, representing $360.5 billion in underlying value. In a major development, asset management giant Franklin Templeton has partnered with Ondo Finance to launch tokenized ETFs, enabling 24/7 trading via crypto wallets. Concurrently, tokenized gold has surpassed $4 billion, with platforms like Comtech Gold issuing digital tokens backed 1:1 by physical gold. Despite this institutional momentum, Ondo Finance’s native token (ONDO) saw a recent price retracement to $0.25.
Tokenization is converting ownership of real-world assets into blockchain-based digital tokens. The total value of tokenized assets has reached $26.6 billion with $360.5 billion in represented asset value, as per RWA.xyz.
Projections suggest this sector could exceed $10 trillion by 2030. Large financial entities are increasingly participating in this transformation.
Franklin Templeton, one of the world’s largest asset managers, has now partnered with Ondo Finance to launch tokenized exchange-traded funds (ETFs). Ondo Global Markets will offer access to these ETFs within crypto wallets.
This initiative will enable 24/7 trading for users with greater accessibility, shorter settlement periods, and increased liquidity. The program will debut in Europe, Asia, the Middle East, and Latin America, though a U.S. launch awaits regulatory approval.
Ondo Markets have seen their tokenized assets jump to $1.8 billion. Over 32 stocks have been tokenized on the platform, indicating growing demand.
Tokenized gold has notably surpassed $4 billion in value. Platforms like Comtech Gold have emerged to provide infrastructure, issuing CGO digital gold tokens built on the XDC Network.
When users purchase CGO tokens, they are purchasing an equivalent amount of physical gold. This bridges traditional finance and blockchain technology.
Surprisingly, the partnership announcement did not immediately boost the price of Ondo Finance’s ONDO token. The token retraced from an intraday high of $0.27 to a local low of $0.25.
Momentum indicators supported this view, with the Relative Strength Index slipping from 51 to 49. If selling pressure continues, ONDO could revisit the $0.24 support level.
