ONDO jumps 15% as Ondo, SBI unveil Japan tokenization plan

ONDO, the native token of Ondo Finance, rose 15% to $0.393 on July 16, 2026. The gain pushed its weekly increase past 20% and raised its market value to about $1.87 billion.

The developments followed two announcements: Ondo’s partnership with SBI Group to bring yen-denominated assets on-chain and a DTCC issuance that enabled tokenized stock representations tied to DTC digital entitlements.

Ondo said the alliance with SBI covers tokenizing Japanese assets, distributing the tokens across SBI’s ecosystem and settling transactions with the JPYSC stablecoin. The company also launched tokenized stock representations created through the DTCC Tokenization Service that record DTC digital entitlements for securities held at the Depository Trust Company, producing digital twins for its CRCLon and SPYon offerings.

Those digital entitlements can be converted between traditional and tokenized forms, allowing holders to move positions between exchanges, custody accounts, wallets and decentralized finance platforms. Ondo stated the representations are designed to interoperate with existing custody and settlement systems.

Ian De Bode, Ondo’s chief executive, said: “As tokenized securities markets continue to evolve, Ondo expects to play a leading role in bringing these assets on-chain for investors.”

Yoshitaka Kitao, representative director, chairman, president and CEO of SBI Holdings, described Ondo as a partner in creating a global corridor for digital assets and added: “Ondo Finance has established itself as a global leader in the tokenization of real-world assets and is at the forefront of the tokenized equities market. We believe Ondo will be a key strategic partner as SBI Group forms a global corridor for digital assets, and we look forward to rapidly advancing a wide range of initiatives together.”

The DTCC Tokenization Service is part of a broader initiative involving institutions such as BlackRock, J.P. Morgan, Goldman Sachs, Nasdaq and the New York Stock Exchange. The DTCC, which provides post-trade infrastructure for U.S. securities, processed about $4.7 quadrillion in transactions in 2025.

Market data show ONDO traded up from roughly $0.32 to $0.393 on July 16, reaching its highest level since mid-June and finishing slightly above its Jan. 1 price. Market capitalization moved from about $1.55 billion to nearly $1.87 billion after the announcements.

Ondo and SBI said their collaboration aims to expand access to Japanese securities for global investors and to enable on-chain yen settlement through the JPYSC stablecoin.