Ondo Finance advances with $2.2B platform, but ONDO token faces value capture and supply challenges.

Ondo Finance operates two growing tokenized asset platforms: $680M in tokenized US Treasuries (OUSG) and $1.5B in tokenized stocks/ETFs (Ondo Global Markets) with strong institutional backing including BlackRock and regulatory approvals in the US and EU. Despite solid platform growth and partnerships with J.P. Morgan and Ripple, the ONDO governance token lacks direct revenue capture, faces ongoing supply unlock pressure, and competes against traditional finance incumbents. Price forecasts range widely from $0.20 to $4 by 2030, depending on governance decisions on value capture, regulatory developments, and competitive dynamics. Investors should watch upcoming governance proposals and TVL milestones to gauge ONDO’s potential appreciation.