Coinbase-backed Ondo Finance recently gained attention by securing a major spot market listing on OKX, a Seychelles-based crypto exchange. The ONDO token price rallied nearly 8% to $1.04 following the announcement.
Starting July 29, OKX will trade the ONDO/USDT pair, with deposits opening an hour earlier. Ondo Finance specializes in tokenizing real-world assets (RWA).
Tokenomics include 5.21 billion for ecosystem growth, 3.3 billion for protocol development, 1.29 billion for private sales, and 198 million for community access sales. This listing is expected to boost inflows into the ecosystem.
Futures data shows a 10.52% surge in Ondo Finance’s futures open interest to $146.88 million, reflecting increased market confidence.
