Ondo Finance, the world's leading asset tokenization platform, is preparing for a major release of its regulatory token.
According to Tokenomist, Ondo Finance (FOR) unlocks over 1.9 billion locked ONDO tokens on January 17, 2025, at 7pm EST. The total value of the solution, which represents a 134% inflow, is estimated to be around $2.44 billion.
Tokenomist, formerly TokenUnlocks, presentations states that the upcoming ONDO release will be divided into three main installments:
About 792 million ONDO (40% of the solution) is allocated for ecosystem growth, and about 825 million ONDO (42%) is designated for protocol development. The remaining tokens will be sold privately.
Major signs open normally see bearish reaction from the market, which could see ONDO's price drop in this case.
The altcoin was trading around $1.25, a little in the red on the day, as the protocol moved closer to the massive supply flow. However, ONDO's price rose along with the broader market over the past year following its latest token release. The value of the cryptocurrency has increased by 673% in the past year, rising from a low of $0.26.
Ondo Finance has also recorded significant traction in the RWA market, with its Acho US Dollar Yield and Ondo Short Term Government Bond Fund among them marked finances assets to push the market to more than 100% up in the past year to $4 billion.
According to DeFiLlama, the total value locked in Ondo Finance increased from $192 million in January 2024 to a peak of $650 million in October. At the time of writing, the TVL was $543 million.
