TLDR
- Ondo Finance will open OpenAI pre-IPO note subscriptions the week of November 2 for two weeks, exclusively for eligible Private Clients.
- ONDO traded near $0.417 on Monday, up 2.3% in 24 hours, with an intraday high of $0.4231.
- The token is down 22% over 30 days and 4% over 7 days.
- Ondo’s USDY overtook BlackRock’s BUIDL as the largest tokenized U.S. Treasury product at $2.37 billion.
- Anthropic filed its IPO prospectus on Monday, while OpenAI is not expected to list before 2027.
Ondo Finance has announced an exclusive OpenAI pre-IPO offering, and the ONDO price rose more than 2% on Monday. The token traded near $0.417.
Subscriptions for the OpenAI Private Market Note (OPAIPon) open the week of November 2. The offering runs for two weeks.
Do you want exposure to OpenAI before its IPO? $ONDO is making it possible.
Starting next week, eligible Ondo Private Clients will get access to tokenized OpenAI Private Market Notes through a two-week subscription window.
These notes already trade 24/7 on Ondo Perps.
This is… pic.twitter.com/b4vzItZqs9
— Niels (@Web3Niels) October 26, 2026
Only eligible Ondo Private Clients can take part. Investors must register through the Private Client program.
Ondo has not shared minimum investment criteria or total allocation limits.
OpenAI Delays IPO as Anthropic Files
The offering follows a decision by OpenAI CEO Sam Altman to rule out a 2026 IPO. In a September interview, he called it “an ill-advised moment to go public.”
OpenAI may now look at a 2027 listing, though it has not set a date. Rival Anthropic filed its IPO prospectus with the SEC on Monday, seeking a Nasdaq listing under ANT.
OPAIPon notes give exposure linked to OpenAI’s share value at a qualifying liquidity event. They are not shares, voting rights or dividend rights, and they are not offered to U.S. persons.
OPAIPon already trades around the clock on Ondo Perps. The new offering lets eligible investors subscribe directly.
Analyst Jesse Olson said on X that ONDO hit four of its four targets, and he added a fifth. He described a pattern of breakout and targets hit, then breakdown and targets hit, and asked whether traders are positioning for the next move.
$ONDO hit four out of four targets. (added 5th)
Breakout & hit targets -> Breakdown & hit targets -> Breakout & _________
Are you positioning for the next move? https://t.co/PNX9o40GF0 pic.twitter.com/tLEs7vBaXV
— Jesse Olson (@JesseOlson) October 26, 2026
ONDO Price and USDY Growth
ONDO gained about 2.3% over 24 hours and reached an intraday high of $0.4231 before pulling back. Over 7 days and 30 days, the token is down 4% and 22%.
Another #1 for Ondo.
USDY now leads the tokenized U.S. Treasury market, surpassing $2.37B in total value.
With over 19,500 holders across 10+ blockchains, USDY sets the standard for permissionless, institutional-grade tokenization.
Unlike traditional Treasury products, USDY is… pic.twitter.com/U8lRuRQt88
— Ondo Finance (@Ondo) October 26, 2026
Ondo’s USDY overtook BlackRock’s BUIDL as the largest tokenized U.S. Treasury product. USDY’s total asset value rose 4.15% to $2.37 billion.
RWA.xyz data shows USDY holders rose 5.43% to 19,546 over 30 days. BUIDL’s value fell 4.7% to $2.17 billion, and its holders dropped 2.88% to 101.
Ondo’s tokenized assets have passed $4 billion in value. Holders total 559.7k, up 10% over 30 days.
AFME estimates tokenized U.S. Treasuries have reached $14.94 billion, up 64% year to date. Ondo’s seven portfolios also passed $30 million in total value locked.
ONDO has been in a downtrend since late September, breaching $0.4 support and falling to a low of $0.39.
Ondo’s OpenAI subscription window opens the week of November 2, while eligible investors can keep trading existing OPAIPon notes on secondary markets.
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