Whale Watch: Ondo Finance – The Crypto Company BlackRock, Morgan Stanley, and Coinbase Are Eyeing
The real-world asset sector keeps getting bigger, and Ondo Finance is becoming one of the main names leading that move. On May 16, the tokenized RWA market reached a value of $37.5 billion after growing more than 100% over the past year.
Ondo alone now holds nearly $2.7 billion in total value locked through its tokenized Treasury products, putting the project near the center of the institutional crypto trade.
Big financial firms are also moving deeper into the space. BlackRock’s BUIDL fund and Circle’s USYC continue driving adoption of tokenized Treasuries, and Ondo keeps benefiting from that trend.
Also, the ONDO price climbed 2% over the past 24 hours to around $0.355 even as Bitcoin slipped 0.3% and the broader crypto market stayed flat. That move points to growing interest in the RWA sector even during a slow market session.
What you'll learn 👉
Wall Street Giants Are Quietly Moving Toward Ondo Finance
A viral post from Whale Factor described Ondo Finance as one of the few crypto companies truly connecting traditional finance with blockchain infrastructure. The company was founded by former Goldman Sachs employee Nathan Allman with a focus on bringing institutional-grade financial products on-chain. That includes tokenized Treasury products, bonds, and money market funds designed for blockchain settlement.
The post also pointed to Ondo’s growing list of partnerships. BlackRock, Morgan Stanley, Coinbase, Ripple, Mastercard, and J.P. Morgan’s Kinexys platform have all been linked to projects or integrations tied to tokenized assets.
In May 2026, Ondo teamed up with Ripple, Mastercard, and Kinexys. Together, they did a cross-border Treasury bond trade. It took less than five seconds. That matters because it proves the technology can handle real financial transactions instead of staying limited to testing environments.
🐋 WHALE WATCH: $ONDO Finance: The Quiet Big Crypto Company That Wall Street Is Eyeing
— Whale Factor (@WhaleFactor) May 16, 2026
=> What is Ondo Finance?
Most people dont notice it. Ondo Finance was created by Goldman Sachs veteran Nathan Allman and his team with a big mission: to make access to institutional grade… pic.twitter.com/mJp9ifkTdJ
The numbers around the project are also getting harder to ignore. Ondo Global Markets reportedly passed $1 billion in TVL, and tokenized U.S. Treasuries across the sector now total about $15 billion. Ondo also claims close to 60% market share in tokenized stocks with nearly $3 billion in TVL. Those figures explain why many traders now see ONDO as one of the biggest RWA-focused crypto projects.
The post also discussed the ONDO price outlook. ONDO once hit $2.14 in December 2024. Now it is down around $0.355. Some people think that means there is room for a comeback. But there is a catch. In January 2027, 1.94 billion ONDO tokens will be unlocked. If not enough people want to buy them, that could push the price down.
Why the ONDO Story Is Starting to Stand Out
The main reason Ondo keeps drawing attention is simple: it connects crypto with real financial products that institutions already understand. Treasury products generate yield, large firms already trust them, and blockchain settlement can make those systems faster and cheaper. That makes Ondo different from projects that depend mostly on speculation and hype cycles.
Another important factor is timing. Large institutions spent years experimenting with blockchain technology without fully committing capital. Now tokenized assets are starting to move into real markets with measurable volume. Ondo entered that sector early, and its partnerships gave it credibility that many crypto startups still lack.
Even, the market still carries risk. Token unlocks remain a concern because they increase circulating supply and can weigh on price action for months. Investors also need continued institutional adoption to justify higher valuations across the RWA sector. Without stronger demand growth, ONDO could struggle to revisit its previous highs.
Related ONDO News: ONDO vs. RENDER: Both Down 80%+ From ATH – Which Is the Better Bet for Next Bull Run?
What’s Going on With the ONDO Price?
We had a look at the ONDO chart, and price action still shows the market cooling off after a strong rally earlier this month. ONDO climbed from around $0.26 in late April to nearly $0.47 during the May breakout before sellers pushed the token lower again. The ONDO price now trades near $0.355 after several days of steady decline from the local top.
The RSI is near 41.8. That tells you the push upward from the last rally is gone. The indicator is not deep in oversold territory. But buyers need more strength if they want to stop the price from falling. The Ultimate Oscillator near 51 also points to a market that lacks strong conviction in either direction.
Price structure still matters here. Right now, the price is finding support between $0.34 and $0.35. If buyers defend that area, ONDO could try to climb back to $0.40. After that, it might test $0.44 again. But if sellers break support cleanly, the token may revisit the earlier breakout area near $0.32.
Volume also cooled after the explosive move higher in early May. That usually means traders are waiting for another catalyst before opening larger positions again. For now, the ONDO price still looks trapped between profit-taking pressure and strong long-term interest tied to the RWA narrative.
Ondo Finance is turning into one of the biggest names inside the tokenized asset sector as Wall Street firms continue exploring blockchain settlement systems. The company already has strong partnerships, growing TVL, and a large position inside the expanding Treasury tokenization market.
ONDO has cooled off since its May run. But interest in the project remains strong. The real-world asset market is growing fast. And if big institutions keep jumping in, Ondo (ONDO) could stay one of the most watched crypto projects tied to real things over the next few years.
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