Ondo Finance Launches Blockchain for Tokenized Real-World Assets
The new Ondo Chain aims to bridge institutional finance and blockchain, with high-profile backing and a $470K investment from Trump-linked World Liberty Financial.
- Ondo Finance has introduced Ondo Chain, a layer-1 blockchain designed to tokenize real-world assets (RWAs) and meet institutional compliance standards.
- The blockchain seeks to merge the transparency of decentralized finance (DeFi) with the protections and liquidity of traditional finance.
- World Liberty Financial, a DeFi project associated with Donald Trump, purchased $470,000 worth of ONDO tokens and has been accumulating other crypto assets like TRX and WBTC.
- High-profile firms like Franklin Templeton, Wellington Management, and Google Cloud served as design advisors for the Ethereum-compatible Ondo Chain.
- The Ondo Summit featured Donald Trump Jr. as a surprise speaker, highlighting the potential for U.S. leadership in tokenized asset innovation.