ONDO Holder Rights Debate Heats Up as Solana Tokenized Assets Top $500M
- —ONDO is a governance token for Ondo DAO and Flux Finance, with no dividend rights
- —Ondo's tokenized assets on Solana have crossed $500 million
- —Ondo Stocks topped $1 billion TVL and $18 billion in volume in under eight months
- —Critic demands a clear, enforceable link between product growth and token value
Why it matters: The dispute challenges the valuation case for ONDO, as growth in Ondo's tokenization business does not yet translate into holder rights.
Source: Blockonomi