Ondo is expanding its tokenized strategy into Australia through a memorandum of understanding with Openmarkets Group. The agreement will examine distribution, tokenization and infrastructure opportunities, but no product launch has been finalized.
Australia Opens a New Market for Ondo Tokenized Assets
Ondo and Openmarkets will explore tokenizing Australian-listed securities and distributing its Stocks to eligible investors. They will examine access to tokenized U.S. Treasury products. Any resulting offering remains subject to regulatory analysis and approvals.
The partnership matters because Australia is developing infrastructure for institutional tokenized markets. The Reserve Bank of Australia said Project Acacia found tokenization could improve market efficiency and resilience. Its findings support a tokenized-market program.
Also Read: ONDO Price Targets $0.50 as Tokenized Asset Growth Supports Breakout Case
Ondo Builds on $1B in Tokenized Securities Growth
The company already has a tokenized-securities platform. The company said that its Stocks surpassed $1 billion in value locked in May, with over 260 tokenized U.S. stocks and ETFs across Ethereum, Solana and BNB Chain. That gives the tokenization platform a base for testing Australian demand.
The expansion follows the company’s Asia-Pacific strategy. In July, the tokenization platform announced a partnership with Japan’s SBI Group to bring Japanese equities onchain and distribute the tokenization platform products through its ecosystem. Australia adds another financial market to that expansion.
Australia’s 2027 Rules Could Shape the Company’s Expansion
Regulation will be central to any Australian launch. ASIC guidance says tokenized assets can fall within financial-product rules depending on their rights and structure, while regulated providers generally need licensing. Australia’s Digital Assets Framework Act 2026 is scheduled to commence on April 9, 2027.
The timing is significant for the tokenization platform and Openmarkets. ASIC extended transitional relief for digital-asset businesses to September 30, 2026, while the new framework is implemented. Any tokenization platform product offered locally will need licensing and investor protections.
ONDO Price Holds Near $0.35 After Australia MOU
At the time of writing, ONDO traded at $0.351, up 2.1% over 24 hours, with market capitalization around $1.7 billion and 24-hour volume near $105.31 million, according to CoinMarketCap. Its daily close fell from $0.384 on September 7 to $0.351 on September 14.
The muted move suggests the Australia agreement has not produced immediate repricing. That is not negative, because the announcement concerns products rather than revenue or deployment. The next catalyst could be regulatory approval or Australian demand.
Also Read: ONDO Price Eyes a Breakout to $0.90 as Tokenized Asset Adoption Fuels Outlook
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