The governance token of Ondo Finance has often moved on news related to BlackRock's tokenization push as a proxy, even if direct impact isn't clear on the protocol.

• BlackRock is in early talks to list its tokenized money market fund as collateral for derivatives trading on exchanges including Binance, Deribit and OKX, Bloomberg reported.
• Ondo's governance token spiked to 79 cents before paring gains, still up nearly 9% over the past 24 hours.
• Tokenized money market funds as collateral allows traders to keep earning a yield while using them for margin for trading, as opposed to posting stablecoins for collateral.

FOR MORE DETAILS PLEASE CLICK HERE!