Ondo FinanceONDO

The governance token of Ondo Finance, the largest issuer of tokenized US Treasuries and tokenized US stocks.

Rank #49Since January 2024

Price on 31 Oct 2026

C$0.5732 +4.7% since 31 Jul 2026 · 81.2% below its all-time high

The short version

Ondo Finance is a US company that issues tokenized US Treasuries and tokenized US stocks; ONDO is a governance token with no claim on the company's revenue. Founder Nathan Allman died on 25 May 2026, and leadership is now disputed in Delaware Chancery court between Ian De Bode and Kathleen Allman. About 1.71B ONDO, 35% of circulating supply, is scheduled to unlock on 17 Jan 2027. On 31 Oct 2026 one ONDO cost C$0.5732. From 31 Jul 2026 to 31 Oct 2026 its price changed +4.7% in Canadian dollars, and it was 81.2% below its all-time high of C$3.04 set on 15 Dec 2024.^[1]

Checked 31 Oct 2026 · 19 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$0.9823 (2 Nov 2025) · low C$0.3308 (12 Feb 2026) · -40.0%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.5758	US$0.4125
30 Sep 2026	C$0.7144	US$0.5019
31 Aug 2026	C$0.4775	US$0.3444
31 Jul 2026	C$0.5830	US$0.4156
30 Jun 2026	C$0.4487	US$0.3159
31 May 2026	C$0.5177	US$0.3752
30 Apr 2026	C$0.3582	US$0.2637
31 Mar 2026	C$0.3641	US$0.2619
28 Feb 2026	C$0.3542	US$0.2590
31 Jan 2026	C$0.5171	US$0.3833
31 Dec 2025	C$0.5121	US$0.3740
30 Nov 2025	C$0.7154	US$0.5101

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.5732^[1]
3-month change: +4.7% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 81.2% below its high of C$3.04 (15 Dec 2024)^[1]
Market rank: #49, market value about C$2.8B^[1]
Kind: Token · Ethereum (ERC-20)
Started: January 2024

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?YesA 4-of-7 multisig holds the contract's minter role; no ONDO minted beyond 10B so far^{[2, 3]}

Can anyone freeze or take coins from holders?YesNo pause now; the 4-of-7 admin multisig can reset the vesting cliff, re-locking early-sale buyers' ONDO^{[2, 3]}

Can the token's contract code be changed?NoFixed contract code on Ethereum, not a proxy^[4]

Is the supply capped?No10 billion supply so far, but the minter multisig can create more^{[2, 3]}

Any scheduled unlocks in the next 12 months?Yes1.71B ONDO, 35% of circulating, on 17 Jan 2027^[5]

Does a team or foundation hold over 10% of supply?YesTeam 33% and private sales 13% at genesis; vesting runs to Jan 2029^[5]

Do network fees reach coin holders?NoFees go to holders of Ondo's products; ONDO has no revenue claim^{[6, 7]}

Main network hacked or halted in the past 2 years?NoNo exploit in DefiLlama's records^[8]

Is a regulator or court case targeting the coin itself?NoNo regulator case found; the Delaware suit is a private leadership dispute^[9]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: Ondo Finance Inc. (US) and broker-dealer Oasis Pro; the token is governed through the Ondo Foundation^{[6, 10]}
Leadership: Founder Nathan Allman died 25 May 2026; Kathleen Allman, named interim CEO 24 Jul, is suing Acting CEO Ian De Bode^{[11, 12, 9, 13]}
Backers: Pantera is the largest outside shareholder^[14]
Token contract: A 4-of-7 multisig holds admin and minter roles; transfers enabled permanently; no blacklist^{[2, 3]}

Supply

In circulation: 4.87B ONDO of a 10.00B maximum (48.7%)^[1]
Fully diluted value: 2.05 times its current market value^[1]
Allocation: 10B ONDO: ecosystem about 52%, team 33%, private sales about 13%, community sale about 2%^[5]
Next unlock: 1.71B ONDO on 17 Jan 2027, 35% of circulating; schedule runs to Jan 2029^[5]
Concentration: One address, likely the vesting contract, holds 51.8% of supply^[4]

Use and fees

Fees: US$64.6M over the past year, paid to holders of Ondo's products; none to ONDO^[7]
DTCC: Collaborator on DTCC's Tokenization Service, launched 29 Oct 2026^[15]
Bug bounty: Immunefi bounty up to US$1M^[16]

Trading

Daily trading: About C$228.0M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 5.72% of its market value changes hands each day^[1]
20-week average: 5.9% above its 20-week average price^[1]
1-year change: -41.3% in C$^[1]^[17]

History

Not a forecast

Coins ranked 11-50 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 1,080 cases, 157 coins

46% were higher a year later^[18]

Typical result: Median -6% after a year; 61% higher after two years
Lost half or more: 25% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

2 red flags found

Red flag: About 1.71B ONDO, roughly 35% of circulating supply, is scheduled to unlock on 17 Jan 2027.^[5]
Red flag: A 4-of-7 multisig holds ONDO's admin and minter roles: it can mint new ONDO and reset the vesting cliff to re-lock early-sale buyers' tokens.^{[2, 3]}

The attacker in a hack on 29-30 Oct 2026 sold about 21.85M ONDO on 30 Oct 2026.^[19]
Kathleen Allman's Delaware Chancery suit against Ian De Bode over Ondo's leadership was pending on 31 Oct 2026.^[9]
Oasis Pro, Ondo's broker-dealer, received further FINRA authorizations for tokenized stocks and ETFs on 23 Jul 2026.^[10]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.