- Franklin Templeton tokenizes 5 ETFs via Ondo, bringing $1.7T AUM on-chain
- ONDO price climbs 1.27% to $0.2609; 24h volume surges 16.23% to $85.14M
- TVL holds at $2.82B with annualized protocol fees reaching $49.33M
- Analyst flags $0.265–$0.27 resistance; clean breakout flips structure bullish
Ondo Finance coin is trading in the green zone today, Thursday, pressing against a resistance zone that’s been capping price action since mid-March. The move came as Franklin Templeton, one of the world’s largest asset managers, confirmed it had selected Ondo Finance to bring its ETF suite on-chain through Ondo Global Markets, a deal that puts $1.7 trillion in AUM within reach of the ledger-native ecosystem.
According to a tweet from Ondo Finance, five Franklin Templeton ETFs have now been tokenized on Ondo Global Markets for the first time: the Franklin Focused Growth ETF, Franklin Income Equity Focus ETF, Franklin High Yield Corporate ETF, Franklin Responsibly Sourced Gold ETF, and Franklin U.S. Large Cap Multifactor Index ETF.
Under the arrangement, Ondo purchases shares in the funds and issues tokens through a special-purpose vehicle; investors hold rights to the return stream rather than the underlying shares, freeing those tokens for use as collateral or within DeFi applications in ways traditional fund shares cannot be.
Meanwhile, protocol-level momentum is reflected on-chain: TVL sits at $2.824 billion, with annualized fees running at $49.33 million. DEX volume over the past 30 days hit $371.8 million, according to DefiLlama.
ONDO Price Approaches Decision Point at Established Resistance Band
ONDO price printed a 24-hour high of $0.2733 before sellers pushed it back to $0.2609, with a session low at $0.257. Volume came in at $85.14 million, up 16.23% on the prior period, elevated relative to the 6.65% Vol/Mkt Cap ratio, suggesting the partnership news brought fresh participation rather than pure retail noise.
Analyst Aman on X flagged the $0.265–$0.270 band as a well-defined resistance area on the short-term chart, noting that rejection there keeps near-term downside risk open, while a clean breakout above would flip the market structure to bullish.
That reading aligns with the week’s broader tape: ONDO is down 2.30% over seven days and off 27.18% year-to-date despite the month-to-date recovery of 5.03%. The all-time high of $2.14, set on December 16, 2024, remains 87.76% above current levels.
For the ONDO price prediction to tilt constructively, the price needs to clear and hold above that resistance band on sustained volume. Until then, traders are watching whether this fundamental catalyst is enough to absorb supply at a technically loaded level.
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