Ondo Finance has launched its own Layer-1 blockchain, Ondo Chain, aimed at enhancing the adoption of Real World Asset (RWA) tokenization. This comes shortly after the announcement of Ondo Global Markets, showcasing Ondo Finance's commitment to institutional-grade RWA adoption.
The Ondo Chain aims to offer a compliant infrastructure, enhancing DeFi's accessibility to traditional finance. It has already gained support from financial giants like Franklin Templeton and WisdomTree, which are acting as design advisors.
The initiative addresses challenges such as high transaction fees and liquidity fragmentation, proposing enhanced security by allowing validators to stake RWAs. Donald Trump Jr.'s appearance as a keynote speaker highlighted digital assets' importance in the US market. Following the launch, significant ONDO token purchases were made, despite a bearish trend.
Ondo Finance plans to expand across blockchains, with recent ventures including a US Treasury fund on the XRP Ledger. It ranks as the fourth-largest protocol in RWA value, with $653 million in tokenized assets, positioning itself as a significant player in the growing RWA market.
Quelle: beincrypto.com ↗