Ondo Finance, a leader in real-world asset (RWA) tokenization, is attracting institutional interest as the 2025 bull market unfolds. The company channels revenue from tokenizing assets like real estate into buybacks, enhancing its market position. With a low market capitalization, Ondo offers significant upside potential. The firm is also benefiting from decentralized physical infrastructure networks (DePIN) and RWA flows as funds diversify away from Ethereum. This strategic positioning underscores Ondo's potential for growth, despite a current probability estimate of 8% for achieving its ambitious targets.