Ondo Finance token activity surges as DTCC and SBI partnerships kick in

Ondo Finance’s ONDO token saw a sharp rise in on‑chain activity in mid‑July, with new addresses doubling over three days to 754 and daily active addresses climbing from 1,410 to 2,589. The surge follows the launch of tokenized stock representations built on DTCC’s tokenization infrastructure, tying the platform more closely to traditional U.S. markets, and a partnership with Japan’s SBI Group to bring Japanese equities onto the blockchain and explore a yen‑backed stablecoin for settlement.

In a related move, an address linked to Ondo transferred 26.05 million ONDO (about $9.79 million) to Coinbase. This deposit is part of a larger pattern of Ondo‑associated wallets moving roughly 116 million tokens to the exchange over the past month and a half, a flow that traders watch for possible sell‑side pressure, though the transfer does not confirm an imminent sale.