Ondo Finance’s token has seen a significant uptick, rising nearly 10% to $1.10, with weekly gains exceeding 21%. This surge is closely linked to growing investor interest in tokenized assets and recent developments from BlackRock regarding exchange-traded funds (ETFs) on public blockchains. The total value locked on Ondo's Global Markets Platform has tripled this year to $1.57 billion, aided by new partnerships, including WisdomTree. Ondo Finance offers tokenized versions of over 100 U.S.-listed stocks, ETFs, and equities on Ethereum, aimed specifically at non-U.S. investors. The excitement surrounding tokenized stocks, coupled with the credibility added by BlackRock’s initiatives, has bolstered investor confidence. Experts predict that Ondo could play a significant role in the market, potentially capturing up to 10% of the stock market, resulting in substantial revenue generation for its token holders.

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