ONDO is backed by BlackRock, and its core narrative focuses on integrating traditional finance (TradFi) into on-chain finance (DeFi) to achieve a deep integration of the two.

It can attract traditional finance to enter the cryptocurrency circle and use tokens as collateral to invest in traditional financial markets.

The price of ONDO soared by nearly 40% today. Usually, when it rises, TokenFi will also rise, because $TOKEN's ability in RWA is not inferior to ONDO.