ONDO reaches new all-time high following news of Blackrock tokenization

ONDO gained 80% last week and is currently at an all-time high of $0.9950.

Started in 2021, Ondo Finance is a DeFi protocol that aims to democratize access to institutional-grade financial products by tokenizing real-world assets.

Although there is no direct link, the movement in the price of the ONDO token comes after the announcement that Blackrock will launch a tokenized fund on the Ethereum blockchain.

With Blackrock taking a step towards tokenization, there could be an increase in institutional investment in the tokenization of real-world assets in the near future, of which ONDO could be a big beneficiary. More on Blackrock's announcement below.

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