Ondo Finance Launches Tokenization Platform Targeting Traditional Financial Assets

Ondo Finance recently launched Ondo Global Markets (Ondo GM), a tokenization platform for traditional financial assets like equities, bonds, and ETFs

Ondo Finance has been busy launching a tokenization platform for traditional financial assets, unveiling its own layer-1 blockchain, and partnering with Mastercard to bring tokenized real-world assets (RWAs) to the forefront.

Ondo GM, a platform facilitating the tokenization of equities, bonds, and ETFs on-chain for broader market access via blockchain technology, has been launched by Ondo Global Markets (Ondo GM), a subsidiary of Ondo Finance. Ondo Chain, a layer-1 blockchain specifically designed for tokenized RWAs, is equipped for staking and cross-chain bridging, combining the security of permissioned chains with the friendliness of public blockchains.

Moreover, Ondo Finance has joined forces with Mastercard as the inaugural RWA provider on the renowned financial institution's Multi-Token Network (MTN). This partnership will enable Ondo to tokenize various asset classes, including private credit and structured products, facilitating seamless integration with Mastercard’s vast network for payments, identity, and data.

World Liberty Financial (WLFI), a decentralized finance protocol notably linked to Donald Trump relatives, made a strategic investment of $250,000 in ONDO tokens on December 16, 2024. This move, part of a broader $44 million diversification into cryptocurrencies like Ethereum and Chainlink, saw the Trump family members invest in a portfolio of eight tokens.

The investment begins with a snapshot of the Trump family members' collective involvement in the crypto environment and how their footprint could influence the sector in the coming months.

Ondo (ONDO)

In a statement released on Friday, Ondo Global announced the launch of its tokenization platform, Ondo GM, and its own layer-1 blockchain, Ondo Chain, designed specifically for tokenized real-world assets (RWAs).

Ondo GM will enable the tokenization of equities, bonds, and ETFs on-chain, facilitating broader market access through blockchain technology. Ondo GM will also serve as a liquidity hub, connecting various decentralized exchanges (DEXs) and facilitating seamless cross-chain asset transfer.

Ondo Chain, a blockchain designed for tokenized RWAs, will support staking and cross-chain bridging, combining the security of permissioned chains with the friendliness of public blockchains. The blockchain will initially be powered by Sepolly, a leading blockchain technology provider.

In addition, Ondo has partnered with Mastercard as the first RWA provider on the renowned financial institution's Multi-Token Network (MTN). This partnership will enable Ondo to tokenize various asset classes, including private credit and structured products, facilitating integration with Mastercard's vast network for payments, identity, and data.

Ondo has also received an investment from World Liberty Financial (WLFI), a decentralized finance protocol, in the form of a $95 million contribution to BlackRock's tokenized fund.

"We are excited to be partnering with Mastercard and launching our own layer-1 blockchain, Ondo Chain, as we continue to build the future of finance," said Jeff Sherman, founder and CEO of Ondo. "We are committed to providing innovative solutions that unlock new opportunities for investors and businesses around the world."

Ondo is a leading innovator in the rapidly growing RWA sector. The firm has a strong track record of developing and launching successful tokenization products. Ondo is also a founding member of the Tokenized Securities Interest Party, a group of industry leaders advocating for clear and comprehensive regulation of tokenized securities in the United States.

As the crypto sector continues to evolve, the role of RWA tokenization in driving broader adoption remains crucial. Ondo's latest move, in partnership with Mastercard and backed by World Liberty Financial, keeps Ondo at the forefront of this emerging domain.