BULLISH 📈 : Ondo Finance partners with Franklin Templeton to tokenize five ETFs onchain
Ondo inks a deal with Franklin Templeton to tokenize ETFs on-chain. ONDO jumps about 5% to ~$0.262.
The firms will tokenize five Franklin Templeton ETFs on Ondo Global Markets. Target users are in multiple non‑US regions. Stated uses include DeFi collateral and on‑chain finance. Source: Ondo Finance
Price action confirms the headline. 24h volume near $185M. Range before the leg up was $0.2546–$0.2733. Source: TradingView
Models outline downside if support breaks. CoinCodex projects $0.2062 by month‑end in a bear case. Source: CoinCodex
Tokenization interest from institutions has been rising for months. BlackRock’s Larry Fink has publicly backed the thesis. Source: Coinspeaker
Headline
Ondo and Franklin Templeton to tokenize five ETFs; ONDO gains ~5% on the day