Key Points:
- Ondo Finance blockchain is designed to connect traditional capital markets with decentralized finance.
- The Trump family’s DeFi project, World Liberty Financial, has started buying ONDO tokens as part of its broader investment strategy.
Ondo Finance, the second-largest issuer of tokenized Treasuries, has announced the launch of Ondo Chain, a Layer 1 blockchain designed to bridge traditional capital markets with decentralized finance (DeFi).
Read more: Coinbase Welcomes ONDO Finance, Unleashing Tokens in Groundbreaking Move
Ondo Finance Blockchain Launched to Bridge Traditional and DeFi Markets
The announcement for the new Ondo Finance blockchain was made at the company’s inaugural Ondo Summit on Thursday, as CoinDesk reported.
Ondo Chain is tailored to meet institutional compliance standards while maintaining the transparency and accessibility of public blockchains like Ethereum.
The Ondo Finance blockchain will use permissioned validators to ensure the accuracy of transactions and financial data, such as asset prices and token backing. Additionally, the platform will support the staking of tokenized real-world assets and facilitate seamless interoperability through native blockchain bridging.
World Liberty Financial Invests in Ondo Tokens as Part of Strategic DeFi Expansion
In addition to its blockchain infrastructure, Ondo Finance launched a tokenization platform aimed at placing stocks, bonds, and funds onto blockchain networks, furthering its commitment to tokenizing real-world assets (RWAs). The platform aims to enhance liquidity and market efficiency, offering products like short-term bond funds (OUSG) and interest-bearing stablecoins (USDY).
Ondo Finance also garnered attention from other DeFi players, including World Liberty Financial (WLFI), a cryptocurrency initiative backed by the Trump family and Polychain. The company has been purchasing ONDO tokens through the Cow Protocol as part of its broader investment strategy.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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