Gate launches Ondo tokenized stock market: RWA sector heats up, ONDO price rises over 22% during the week.

The encryption asset trading platform Gate announced the launch of the Ondo area on September 3, 2025, and opened spot trading simultaneously. The first phase introduces 26 popular Ondo trading pairs, including AAPLON, METAON, TSLAON, NVDAON, SPYON, QQQON, etc.

These tokenized stocks are fully collateralized by spot securities held by registered brokers in the United States and cash in transit. Users outside the United States can mint, redeem, and transfer at any time, 365 days a year, 24/7.

01 RWA sector explosive growth, Ondo takes the lead

Tokenization of real-world assets (RWA) is moving from niche to mainstream. In the past three years, the RWA market has grown by nearly 380%, reaching a value of $24 billion.

Analysts believe that the market could expand to 30 trillion dollars by 2034. The year 2025 will be a breakthrough year for RWA development, with the entire industry growing by over 260% since January, jumping from less than 9 billion dollars to over 23 billion dollars.

Ondo Finance, as a leader in the RWA tokenization space, occupies nearly 40% of the global tokenized securities market. It has revolutionized the way global investors access the U.S. market by bringing traditional financial assets onto the blockchain.

02 ONDO price performance is strong, technical indicators are bullish

In the same week that Gate announced the launch of the Ondo section, the price of ONDO performed strongly. As of September 12, 2025, the price of ONDO reached $1.11, with a 7-day increase of 22.39%.

This price increase is attributed to the market's positive response to Ondo Finance's launch of tokenized US stocks, as well as ChatGPT-5 listing Ondo Finance as a recommended project for September 2025.

From a technical analysis perspective, the relative strength index (RSI) of ONDO is 60.63, which is in the neutral range, indicating further upside potential. The MACD indicator also shows bullish signals, with its histogram at a positive value of 0.0094.

As of the latest data on September 19, the trading price of ONDO is approximately $1.07, with buyers continuing to exert strong pressure, and the bull market is seeking to break through key resistance levels.

03 Tokenized Stocks: A New Way of Investing that Breaks the Limitations of Time and Space

The emergence of tokenized securities is changing the way traditional financial markets operate. After the New York Stock Exchange and NASDAQ close, global investors often have to wait for the next trading day.

But now, investors can trade tokenized Apple stocks or SPDR S&P 500 ETFs anytime and anywhere, as simply as trading encryption.

On September 4, Ondo Global Markets officially launched, providing non-US investors with around-the-clock instant access to tokenized US stocks, ETFs, and other securities.

The platform initially supports over 100 tokenized US stocks and ETFs, and plans to expand to over 1000 by the end of the year, marking the largest issuance of tokenized equity assets in history.

04 Traditional Financial Institutions Actively Embrace the Tokenization Trend

Traditional financial institutions are actively embracing the trend of tokenization. Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch trading of tokenized securities.

If approved, this will become the first securities exchange in the United States to offer tokenized securities trading.

Ondo Finance has also established close collaborations with several Wall Street institutions. Its OUSG fund is the largest investor in Fidelity's digital new tokenized fund, and it has also invested in BlackRock's BUIDL fund, as well as other traditional financial companies such as WisdomTree, Franklin Templeton, and Wellington Management.

05 Asian Institutions Accelerate Layout in the RWA Field

The rapid development in the RWA field has also attracted active participation from Asian financial institutions. On September 17, 2025, Anbotong announced its formal partnership with Zhejiang Shuqin Technology to accelerate their strategic layout in the RWA (Real World Assets) + RDA (Real Data Assets) field.

Yunfeng Financial Group Co., Ltd. also announced on the same day that its blockchain technology team successfully tokenized the physical assets of the FOF (fund of funds) shares invested by its wholly-owned subsidiary, issuing the first RWA project independently completed by Yunfeng Financial.

These developments indicate that RWA tokenization is becoming a common trend in the global financial industry, and Asian institutions are unwilling to miss out on this wave of innovation.

06 Investment Opportunities and Risks Coexist

For investors, this may be a good time to participate in ONDO. The rapid growth in the RWA sector provides fundamental support for ONDO. Technical indicators show a bullish trend, with prices expected to test $1.06 and possibly move towards $1.15.

However, investors also need to be aware of potential risks. The ONDO token unlocking event is scheduled to take place every January. The next token unlocking event will release nearly 2 billion new ONDO tokens to the market, which may lead to a significant price correction.

Therefore, the period from September 2025 to January 2026 may be a relatively favorable time to trade ONDO, but as the unlocking date approaches, selling pressure may increase[citation:1.

Investors should consider adopting risk management strategies, such as setting stop-loss points. According to technical analysis, setting the stop-loss below $1.050 can help protect funds and avoid significant losses during unexpected reverse fluctuations.

07 Future Outlook: Building a Global Financial Market Without Time and Space Restrictions

As the assets on the Ondo Global Markets platform rapidly surpass 160 million USD, the trend of tokenized securities is unstoppable.

From the submission of the application for listing tokenized securities on Nasdaq to the planning of the "Digital Asset Issuance and Trading Ordinance" draft in Hong Kong, traditional financial centers are fully embracing this transformation.

In the coming years, as regulations become clearer, technology matures, and user habits evolve, RWA is expected to transition from financial innovation to mainstream application, building a global financial market without limitations of time and space.

The collaboration between Gate and Ondo is a key turning point in this historic transformation. By tokenizing not just individual stocks, but also ETFs, this partnership creates a channel for global investors to access high-quality investment products that were previously restricted due to geographical or regulatory limitations.

Future Outlook

With more trading platforms launching Ondo tokenized stocks, and international financial centers such as Hong Kong, Singapore, and Dubai competing to introduce favorable policies to capture this new market worth trillions of dollars, the development prospects of the RWA track are highly anticipated.

In the coming years, as regulations become clearer, technology matures, and user habits evolve, RWA is expected to transition from financial innovation to mainstream application, building a global financial market without time and space constraints.

As a cryptocurrency trader, whether you are participating in contract trading or C2C fiat trading, the margin system is an important aspect you must understand. The question that many investors are most concerned about is: Will the margin be refunded? The answer is yes, but specific conditions need to be met.

Today, we will take the globally leading encryption currency exchange Gate as an example to provide a detailed analysis of the margin refund mechanism, process, and precautions, helping you better manage fund risks in trading.

Overview of Gate Exchange Margin System

Gate exchange is one of the world's leading encryption currency trading platforms, serving over 38 million users and supporting more than 3,600 types of encryption currency. The platform offers various trading services, including spot trading, contracts, C2C trading, etc., with different services adopting different margin systems.

The core purpose of margin is to prevent risks and protect rights. Whether it is the leverage risk in trading or the credit risk in C2C trading, margin is an effective protection mechanism.

C2C Trading Margin: Shield Merchant Guarantee Mechanism

Gate exchange officially launched the C2C platform's Shield Merchant Service mechanism on September 15, 2025. This mechanism is designed to provide more comprehensive protection for user rights.

The key points of the Shield Merchant Deposit:

• Margin Constraint: Merchants must pay a margin to obtain "Shield Merchant" certification.
• Joint Compensation: When a user encounters extreme situations such as judicial freezing due to transactions with a Shield merchant, the platform will compensate 20% of the order amount (with a single transaction limit of 2000 USDT), with the merchant and the platform each bearing 50%.
• Margin deduction: If the merchant fails to fulfill the compensation responsibility, the platform will directly deduct the corresponding amount from their margin.

Will the Shield Merchant's deposit be refunded?

Refunds will be made. The refund of the deposit for the Shield merchant follows certain procedures and conditions:

1. Confirm eligibility for a refund: The merchant must complete the agreed cooperation period with the platform and ensure that there are no serious violations during the operation period (such as false transactions, fraud, etc.).
2. Process all outstanding orders: It is essential to ensure that all orders have been fully processed, with no pending complaints or disputes.
3. Submit refund request: Log in to the merchant backend, fill out the refund request on the "Margin Management" related page and submit.
4. Platform Review: The platform will verify the merchant's transaction records, violations, etc. The review time generally takes 3 - 7 working days.
5. Margin Refund: After passing the review and meeting all conditions, the platform will refund the margin to the account specified by the merchant.

Contract Trading Margin: Risk Management and Refund

The contract trading on the Gate exchange adopts a tiered margin system and a stepwise liquidation mechanism. This system aims to effectively manage the risks of high-leverage trading while releasing margin after position liquidation.

How is the contract margin released?

1. Release after closing: When you manually close a position or when a take profit or stop loss triggers a close, the margin used for that position, along with the profits and losses, will be immediately released and returned to your funds account.
2. Liquidation after forced liquidation: When the market fluctuates sharply, causing the mark price to reach your forced liquidation price, the system will trigger the forced liquidation mechanism. After the forced liquidation, the margin of that position will be used to cover the losses.

Gate uses the mark price (calculated from the spot index price and the premium index) to determine the liquidation price, which effectively avoids mis-liquidation caused by short-term market fluctuations. In 2025, Gate also optimized the liquidation process, adding a 5-second liquidation warning notification and partial liquidation options, allowing users the opportunity to take action before full liquidation.

3. Risk reserve replenishment: In extreme market conditions, if the funds are insufficient to cover losses after forced liquidation, Gate's risk reserve (funded by platform profits) will be replenished first, which protects users to some extent from the risk of negative balance.

Will the margin be refunded after forced liquidation?

No. In contract trading, once a position is forcibly liquidated, it means that the margin for that position has been completely lost due to losses. This is the high risk of leveraged trading; the liquidation mechanism itself is designed to stop losses in a timely manner when the margin is exhausted, preventing further losses (even debt).

How to Apply for Margin Refund (General Process)

Although the specific rules for different types of margin vary, applying for a refund typically follows these general steps:

1. Confirm that refund conditions are met:
2. No violation record: The account has no serious violations. 2. No outstanding business: All orders, transactions, or disputes have been resolved.
3. Completion of the cooperation period: meet the platform's minimum operating duration or other agreement conditions.
4. Prepare relevant materials: usually including proof of identity, deposit payment receipts, etc., for identity verification.
5. Submit refund application:
   1. Log in to the official website or merchant backend of Gate exchange.
   2. Find the "Margin Management," "Fund Management," or similar entry.
6. Fill out the refund application form as prompted on the page, providing accurate reasons for the refund and account information for receiving the funds.
7. Wait for platform review:
   1. The platform will verify your account status, history, etc.
8. Keep communication open; if the review is not approved, you need to resolve the issue according to the prompt and reapply.
9. Refund Arrival:
10. After the review is approved, the platform will refund the margin via the original method or a method you specify. 2. The到账 time is generally 1 - 3 working days, depending on the processing speed of the bank or payment channel.

To better understand the refund situation of different margins, please refer to the summary table below:

| Margin Type | Main Purpose | Refundable? | Key Conditions / Remarks | | --- | --- | --- | --- | | C2C Shield Merchant Margin | Guarantee merchant performance, prevent transaction risks | Yes | No violations, no unresolved disputes, complete cooperation period | | Contract trading margin | Maintain leveraged positions to prevent liquidation risks | Released after closing | Released after manual closing or take profit stop loss; not refunded after forced liquidation | | Isolated Margin | Maintain specific currency pair leveraged position | Release after closing | Only processed after the position is closed or liquidated; other position funds are not affected | | Full Margin Leverage | Maintain leverage positions for all trading pairs | Released after closing | All available balance as margin; a forced liquidation of one position may affect all funds |

Common Questions and Considerations Regarding Margin Refunds

1. What to do if the margin refund application is rejected?
   1. First, carefully review the reasons for rejection provided by the platform. Common reasons include: there are pending orders or complaints, the account has ongoing violations being processed, not meeting the minimum operating period, etc. After resolving the issue based on the reason, you can resubmit your application. If you cannot resolve it on your own, you should contact Gate's official customer service in a timely manner for assistance.
2. How long does the margin refund process take?
   1. Review stage: Usually takes 3 - 7 working days.
   2. Refund Arrival: After approval, the funds usually arrive within 1 - 3 working days, depending on your bank or payment channel.
3. How to avoid margin loss?
4. For traders: Use high leverage cautiously, set take-profit and stop-loss levels reasonably, and always pay attention to market conditions and position risk rates. You can utilize the simulation tool provided by Gate to rehearse risks in advance before liquidation. 2. For merchants: Strictly comply with platform rules, operate with integrity, and handle all orders and customer disputes in a timely and proper manner.

Summary

In summary, at the Gate exchange, the margin is refundable, but specific conditions must be met.

• For C2C merchants, as long as they operate with integrity, without violations or disputes, the deposit can be smoothly refunded after application.
• For traders, the margin for contract or leveraged trading will be automatically released after closing the position, but encountering a forced liquidation means a total loss of margin.

The most important thing is always risk management. No matter what type of participant you are, you should carefully read the platform rules, understand the detailed terms of the margin system, and take measures to prevent potential issues.