Freeman

$ONDO is moving into one of the most interesting corners of traditional finance: private markets. Ondo Perps has now launched OPAIPon, a tokenized note linked to OpenAI, with 24/7 trading against USDC on its spot order book. and this is bigger than one asset. ondo started with exposure to Treasuries and public stocks. now it's expanding into private companies - giving eligible investors a way to access economic exposure before these businesses go public. here's why i'm paying attention: → tokenization brings financial exposure onchain → secondary markets create opportunities to trade that exposure → expanding into private markets opens up an entirely new category of assets if Ondo can scale this model across more private companies, it could become a meaningful new growth area for the ecosystem. the bigger thesis: tokenization isn't just about bringing existing assets onchain. it's about expanding which markets people can access. one important distinction: OPAIPon is a tokenized note, not OpenAI shares, and access is restricted to eligible investors. i'm watching how far @OndoFinance can take this. explore Ondo Perps: app.ondoperps.xyz/?ref=GMNVP…

tokenization is only half the story. what if your stocks could become trading capital? most people think tokenization is about bringing stocks onchain. but i think the bigger opportunity is what happens next. @OndoFinance is working toward a world where tokenized assets aren't just something you hold. they can become capital you actually put to work. think about the progression: → access tokenized stocks and ETFs → use eligible tokenized stocks as collateral on Ondo Perps → trade perpetuals without necessarily selling your underlying exposure first → explore spot/perp strategies when funding and execution make sense that's a different proposition from simply putting a stock's price onchain. the real unlock is capital efficiency. instead of treating tokenized assets as isolated products, Ondo is building toward an ecosystem where assets and trading infrastructure can work together. of course, collateral eligibility, liquidity, funding, fees and liquidation risk still matter. using a tokenized stock as collateral doesn't make a leveraged position risk-free. but the direction is interesting. tokenization gets assets onchain. utility is what could make them valuable to the wider onchain economy. that's the Ondo thesis i'm watching. explore Ondo Perps 👇 app.ondoperps.xyz/?ref=GMNVP…

► $ONDO: THE ROAD TO $100B FDV? i'm bullish on the RWA sector as a multi-year narrative, and @OndoFinance remains one of the projects i'm watching most closely. here's why. ondo is building across tokenized treasuries, stocks, ETFs, private markets and onchain financial infrastructure. and the scale is getting harder to ignore. → 450+ tokenized stocks and ETFs available to eligible investors → Ondo Stocks crossed $1B TVL in May 2026 → Ondo's broader ecosystem spans multiple tokenized financial products → tokenized stocks have grown beyond $3B in onchain market cap this is no longer just a story about putting real-world assets on a blockchain. it's about building the infrastructure to distribute, trade and use those assets onchain. but here's where the thesis gets interesting. the global financial market is enormous, and tokenization is still at an early stage. if trillions of dollars eventually move onchain, the platforms that win distribution, institutional trust, liquidity and regulatory access could become major players in the next generation of financial infrastructure. ondo is positioning itself for that opportunity. but i'm not just watching the business. i'm watching $ONDO. because a successful protocol and a successful token are two different things. for me, three developments could strengthen the long-term bull case: → 1. real value accrual. a credible mechanism connecting ecosystem growth and revenue to ONDO holders, rather than relying on speculation alone. → 2. Ondo Chain adoption. if the chain becomes meaningful infrastructure for tokenized assets, the question will be whether ONDO captures an essential role in its ecosystem. → 3. continued market share growth. tokenization is attracting serious competition. Ondo needs to keep winning users, issuers, liquidity and distribution. now, could $ONDO eventually reach a $100B FDV? it's an ambitious scenario, not my guaranteed price target. at that valuation, the market would be pricing in enormous expectations for Ondo's future scale and the value captured by its token. the key question isn't simply whether tokenization reaches trillions. it's how much of that market Ondo captures - and how much of that success flows back to $ONDO. that's the distinction i'm watching. i'm bullish on the multi-year RWA thesis, and Ondo is one of the clearest ways to follow that trend. but the next phase needs to prove more than product-market fit. it needs to prove token value accrual. the business is building. now watch what the token becomes.