At 13:44 UTC on 8 September 2026, ONDO was trading at about $0.3701. That was roughly 7% higher than on 1 September, when CoinGecko recorded $0.3459, but still about 83% below the token's all-time high of $2.14, set on 15 December 2024. In the same week Ondo Finance filed three comment letters with US regulators and announced a new Chief Policy Officer. The rally that followed came later, in late September, after DTCC added Ondo to its Fund/SERV network. Price data in this article comes from one aggregator, CoinGecko. Company news comes from Ondo's own blog.
The week in numbers
| Metric | Value | Source and time |
|---|---|---|
| Price, 1 September 2026 | $0.3459 | CoinGecko daily snapshot |
| Price, 8 September 2026 | $0.3834 | CoinGecko daily snapshot (start of day, UTC) |
| Price, 8 September 2026, 13:44 UTC | $0.3701 | Original article snapshot, consistent with CoinGecko's day |
| Market cap, 8 September 2026 | $1.87 billion | CoinGecko |
| 24-hour trading volume, 8 September 2026 | $149.9 million | CoinGecko |
| All-time high | $2.14 (15 December 2024) | CoinGecko |
The two prices for 8 September are both correct. They were taken at different times of day: the start-of-day figure was higher, and the token lost ground later in the day.
What the ONDO token is
ONDO is described in Ondo's documentation as "the governance token for the Ondo DAO and Flux Finance": holders vote on DAO matters. The initial supply is 10 billion tokens, and the documentation says there is no scheduled or planned inflation. As of 25 October 2026, CoinGecko listed 4.87 billion ONDO in circulation. Ondo's documentation says the core team's tokens carry a five-year lock-up, and seed and Series A investors' tokens a one-year lock followed by a 48-month release. Transfer restrictions were lifted on 18 January 2024.
The token is separate from Ondo's products. Holding ONDO does not give exposure to the Treasury yield those products pay.
ONDO price at each checkpoint
Where did ONDO trade on each date the article checks, from 1 September to 25 October 2026?
Data table
| Item | USD | Source |
|---|---|---|
| 1 Sep 2026 | 0.3459 | |
| 8 Sep 2026, start of day | 0.3834 | |
| 8 Sep 2026, 13:44 UTC | 0.3701 | |
| 26 Sep 2026 | 0.5491 | |
| 25 Oct 2026 | 0.3998 |
It shows single price snapshots from one aggregator, not the moves between them or the $2.14 all-time high, and it cannot show whether Ondo's announcements caused any move.
What Ondo announced around the week
27 August: USDY on Tempo
Ondo made USDY, its US Dollar Yield Token, available on Tempo. Ondo describes Tempo as a "payments-first Layer-1 blockchain" incubated by Stripe and Paradigm, where fees are paid in USD stablecoins. Ondo describes USDY as a permissionless tokenized Treasury product that earns US Treasury-backed yield. Eligible non-US businesses and protocols can hold it.
28 August: Chief Policy Officer
Ondo hired Allison Parent as Chief Policy Officer. She had been Executive Director of the Global Financial Markets Association (GFMA) since 2017. Before that she was Head of Global Policy and Strategy at Barclays in London and Senior Policy Advisor and Counsel for Markets at the Bank of England.
2 September: three letters to the SEC and CFTC
In a post titled "Open Markets by Design", Ondo summarised three comment letters it filed with the SEC and CFTC. They covered product definitions (File S7-2026-21), portfolio margining (S7-2026-23) and data reporting (S7-2026-22). Ondo's argument has three parts:
- Regulators should judge whether new market designs meet their goals, rather than require them to copy legacy systems.
- Perpetual futures can converge to the spot price through funding payments and daily mark-to-market, without an expiry date.
- Perpetual futures on US-listed stocks, which currently trade offshore, should be brought onshore. Ondo says this needs no new rules or guidance.
After 8 September: what moved the token
- 16 September: DTCC's Fund/SERV admitted Ondo's subsidiary Oasis Pro Markets, a US registered broker-dealer, as its first tokenization member. Ondo says Fund/SERV handles more than 85% of US mutual fund transaction activity. Membership gives Ondo's tokenized funds one standard connection to fund distributors, covering confirmations, reconciliation, distributions and tax and regulatory reporting.
- 21 and 22 September: Ondo announced that institutions can convert underlying shares into Ondo Stocks, and that Ondo Stocks went live on the NEAR ecosystem.
- 24 September: Ondo launched Intelligent Portfolios: portfolios, each packaged as a single onchain token. The first three are based on strategies developed by BlackRock. They are available outside restricted jurisdictions.
- 29 September and 5 October: Ondo announced a partnership with a Korean securities firm on distributing Korean equities, then launched Ondo Private Markets, which offers tokenized exposure to private companies.
On CoinGecko, ONDO was $0.5491 on 26 September, about 48% above the 8 September snapshot, and its market cap was $2.67 billion. By 25 October 2026 the price was $0.3998: about 8% above the 8 September level and about 27% below the late-September peak. The timing matches the announcements, but price data alone cannot show that the announcements caused the moves.
Time left until 25 October 2026 · end of day UTC
Product sizes, as Ondo reports them
Ondo's homepage, which gives no as-of date and was checked on 25 October 2026, lists:
- USDY at $2.37 billion TVL and 3.75% APY
- OUSG, its institutional short-term Treasury product, at $319.38 million TVL and 3.70% APY
- Ondo Stocks at $1.34 billion TVL across more than 450 assets
These are Ondo's own figures. They have not been checked independently.
Limitations: prices come from a single aggregator, and company news comes from Ondo's own announcements. Nothing here is investment advice, and crypto assets can lose value quickly.
