Ondo Finance is expanding access to its tokenized investment products through Trust Wallet, where Ondo Intelligent Portfolios are now available as single onchain transferable tokens. The rollout gives eligible users another way to access diversified portfolios through self-custody while extending Ondo’s broader push to bring traditional investment exposure onchain.
The development comes as ONDO price retreats from its recent September rally, with trading activity remaining elevated. Traders are now watching whether the token’s current structure can support another move higher as Ondo expands its tokenized-asset ecosystem.
Ondo Intelligent Portfolios Launch on Trust Wallet
Ondo Intelligent Portfolios are now available through Trust Wallet, expanding the distribution of Ondo’s tokenized investment products. The portfolios package exposure to multiple underlying assets into individual tokens that can be held and transferred onchain.
According to Ondo, the product is intended for investors who qualify for investment outside the US and gives the possibility to be exposed to income, allocation, and thematic strategy without the need for purchasing each asset separately. Portfolio tokens have built-in rebalancing, and their allocations are visible on-chain.
A reward program associated with the launch has also been started by Trust Wallet. The eligible users can earn a $5 BLKHIon reward using BNB Chain via the Merkl rewards program based on the criteria of the reward program.
This integration allows Ondo to have one more way of distributing its investment products in tokenized form to its users who use digital assets through a self-custody wallet.
Also Read: Ondo Finance Expands Global RWA Push With Korean Equity Tokenization Deal
Why Is the Market Watching ONDO?
At the end of October 2, ONDO traded at $0.492924, while its daily trading volumes stood at around $246.4 million, according to CoinMarketCap. This is an indication that trading continues despite the recent fall in prices after its rise in the last week of September.
According to the price history, ONDO attained a closing price of $0.587713 on September 27 before falling in subsequent days. The fall in price has seen the crypto pullback to around $0.50 levels.
Source: CoinMarketcap
This movement in price is important considering the product diversification by Ondo since an increased distribution of tokenized portfolios may lead to higher awareness of the whole ecosystem. However, the integration with Trust Wallet is not enough to create any correlation between portfolio adoption and ONDO demand.
ONDO Price Tests Key Accumulation Zone
Short-term technical emphasis will be on the build-up area highlighted by LAR7Crypto. The analyst suggested the possible entry points at $0.4278 and $0.3780 and referred to the area as the most ideal for trades after the token’s upward movement.
The bullish run in September has brought ONDO’s considerable extension from the levels around mid-month before the token started retracing. The current structure will depend on whether the buyers manage to hold the lower areas highlighted by the analyst.
However, in case of sustained recovery, the market focus will shift to the past peaks, while any further breakdown below the mentioned accumulation level will undermine the bullish scenario.
The analyst is of the opinion that ONDO is expected to ultimately gravitate towards a $1.17 liquidity level, referring to it as his primary upside target.
Source: Analyst LAR7Crypto X post
The assumptions that the analyst makes hinge upon ONDO’s ability to hold on to the suggested accumulation zone and continue bringing in liquidity following its retreat. Therefore, the objective becomes a technical prediction rather than a price target.
What’s Next for ONDO Price and Ondo?
The first and foremost thing that needs to be tracked is the implementation of Ondo Intelligent Portfolios in other wallets, exchanges, and DeFi platforms. Since the tokens for portfolios have been made transferable between various on-chain locations, a wider distribution can help reach more than one platform.
Regarding ONDO, focus will be put on whether the current retracement will be able to find support and move forward after the rise that was experienced in September. The volume in the accumulation zones should be observed for further information about this.
On a broader scale, the growth of tokenized investment offerings on Ondo represents another important milestone as the platform integrates traditional market offerings onto the blockchain network.
The new channel of distribution from the integration of Trust Wallet makes ONDO ready for its next round of consolidation following its September surge. It all depends on the price action following the suggested levels of accumulation.
Also Read: ONDO Perps Development Puts Focus on ONDO Price Momentum
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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