BlackRock suffers defeat in RWA at hands of Ondo Finance, market cap crosses $521 million

📆 2024-08-06 10:51 AM
📰 FXStreetNews

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Asset management giant BlackRock lags behind in the value of tokenized treasuries locked in their protocol, compared to Ondo Finance’s (ONDO).

Ondo Finance passed BlackRock in tokenized treasuries, crossing $521 million, according to recent data. BlackRock’s Securitize protocol lags behind by nearly $2 million, with a 12% increase in the total value of assets locked in the past month.

’s market capitalization is $521.28 million while asset management giant BlackRock’s Securitize stands at $519.31 million. BREAKING $ ’s price extends gains by 9% on Tuesday, trading at $0.7478 at the time of writing. The governance token of Ondo Finance could extend gains by nearly 25% and rally towards its target of $0.9245, the upper boundary of a Fair Value Gap in the

is now out of the “oversold” zone and reads 31.92, suggesting a buy signal.

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