Ondo Finance has seen a significant increase in on-chain activity, coinciding with new infrastructure and partnerships. New addresses hit 754 on July 16, roughly double the pace from earlier in the month. Daily active addresses also surged from 1,410 to 2,589 over the same period. This activity follows the launch of tokenized stock representations via DTCC’s infrastructure, placing Ondo alongside firms like BlackRock and JPMorgan. A partnership with Japan’s SBI Group aims to bring Japanese equities onchain and explore a yen-backed stablecoin for settlement.
According to Santiment Intelligence, new addresses for Ondo Finance have increased for three straight days. The metric hit 754 on July 16, about twice the pace seen earlier in the month.
Daily active addresses also followed the pattern, going from 1,410 to 2,589 over the same period. The inference is that new developments have attracted attention to the platform.
Ondo recently launched tokenized stock representations using entitlements generated through DTCC’s tokenization infrastructure. This connects its products more closely with the systems used in traditional US markets.
The company stated that with this, they are joining a select club of leading TradFi and DeFi firms. Other well-known names include BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and the NYSE.
It also partnered with Japan’s SBI Group to bring Japanese equities onchain. The aim is to distribute Ondo products through SBI’s network and explore the use of a yen-backed stablecoin for settlement.
Regarding the partnership, Ian De Bode, CEO of Ondo Finance, stated, “This collaboration creates a path to bring Japanese assets onchain and to connect Japan with the global tokenized economy.”
