Ondo
ONDO#41ONDO is the governance token of Ondo, a platform for tokenised Treasuries and stocks.
- Market cap
- $2.36B
- Volume 24h
- $294.75M
- All-time high
- —
- Circulating supply
- 4.87B of 10B
Does not clear all 8 Shariah criteria. Needs caution: interest (riba), nature of the asset, excessive uncertainty (gharar), and benefit and harm (maslahah). Fails: business model and usage.
- 2 pass
- 4 caution
- 2 fail
Verdict history
- DoubtfulCurrent
First publication
Fundamentals, market picture and news will appear here.
AI Insight
Fundamentals: Moderate
Ondo's tokenised Treasury and stock products hold about $3.5 billion, but the ONDO token gives no claim on that business, half its supply is still locked and the company faces a control dispute after its founder's death.
Reviewed every 3 months and on major eventsNews: Positive
Ondo had a busy month of institutional partnerships and launches: DTCC Fund/SERV membership, BlackRock-based portfolio tokens and a Kakaopay Securities tie-up.
Reviewed monthly and when something material happens- PositiveOndo and Kakaopay Securities partner on global distribution of Korean equitiesThe partnership aims to bring Korean equities to Ondo's tokenized stock platform for global users, extending Ondo Stocks beyond US-listed shares.
- PositiveOndo launches Intelligent Portfolios based on BlackRock-developed strategiesOndo packaged professionally designed portfolios into single onchain tokens, with the first three built on strategies BlackRock developed for Ondo, a notable institutional link.
- PositiveInstitutions can convert underlying shares into Ondo StocksInstitutions can now convert shares they hold into Ondo's tokenized stocks, a step towards linking traditional custody with onchain markets.
- PositiveDTCC's Fund/SERV adds Ondo Finance as its first tokenization memberMembership in DTCC's fund-processing service connects Ondo's tokenized funds to mainstream market infrastructure used by brokers and fund distributors.
Price & market
ONDO trades around $0.485, inside its current zone of $0.47–0.50 after a sharp monthly rise and a pullback over the past week. The trend is up, volume is growing, and Ondo's tokenised products keep adding institutional partners. At this price the upside to $0.559 (+15.2%) is smaller than the downside to $0.395 (−18.6%), so the risk/reward is low. Volatility is high, the token gives no claim on the business, and a control dispute and future unlocks weigh on it. Over the next 2–12 weeks the picture is neutral with elevated risk.
Doubtful verdict: check the halal analysis before any decision.
- Review level
- $0.395
AI-assisted analysis. Not investment advice.
Technical analysis
4HThe trend and key levels appear once 200 candles close. About 6 days to go.
Where it trades
Section in preparation
Similar halal assets
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