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Cryptocurrency News Articles
Ondo Finance Unveils Ondo Chain, a Layer 1 Blockchain for Tokenized Real-World Assets
Feb 07, 2025 at 02:46 am
Ondo Finance has introduced a new Layer 1 blockchain, Ondo Chain, designed to enhance institutional adoption of tokenized real-world assets (RWAs).
Blockchain technology company Ondo Finance has unveiled Ondo Chain, a Layer 1 blockchain designed to bolster institutional adoption of tokenized real-world assets (RWAs). The launch aims to bridge traditional financial markets with decentralized finance (DeFi) by offering compliance-focused infrastructure.
As Ondo Chain is set to expand the tokenized securities market, investors are keeping a close eye on ONDO's price movements, speculating on potential gains in the coming weeks.
Ondo Chain is designed to cater to the needs of institutions seeking to integrate tokenized assets into DeFi. The network will power Ondo Global Markets, providing on-chain access to US stocks, bonds, and exchange-traded funds (ETFs).
The blockchain addresses critical challenges in tokenized securities, including high transaction fees, liquidity fragmentation, and regulatory compliance. To achieve this, Ondo Chain combines elements of both public and permissioned blockchains.
The network features permissioned validators that enable institutions to benefit from the accessibility of a public blockchain while adhering to financial regulations.
Major financial institutions are partnering with Ondo Finance to shape the design of Ondo Chain. Companies like Franklin Templeton, Wellington Management, and WisdomTree are advising on the project.
“Financial markets are overdue for an upgrade,” said Nathan Allman, CEO of Ondo Finance, commenting on the launch. “Ondo Chain is designed to meet the highest institutional standards while remaining open for developers and innovators.”
Ondo Chain will introduce staking mechanisms for tokenized RWAs, allowing investors to earn yields while securing the network. The blockchain will also support native omnichain bridging, enabling seamless transfers of tokenized assets across multiple networks.
World Liberty Financial, a decentralized finance platform backed by Donald Trump and his family, is making waves in the crypto world with its recent investments.
Blockchain data reveals that World Liberty Financial, a decentralized finance platform backed by Donald Trump and his family, is making substantial investments in ONDO tokens.
According to链上 Chain, the company swapped USDC for 342,000 ONDO tokens on February 6, 2025, through the CoW Protocol. The total amount invested in ONDO tokens now stands at $470,000.
The wallet linked to World Liberty Financial had previously purchased $245,000 worth of ONDO two months prior. These tokens were later sent to Coinbase Prime.
Along with ONDO, the firm has been acquiring TRX and Wrapped Bitcoin (WBTC), further signaling its interest in blockchain-based financial markets.
ONDO's price is currently trading at $1.298, showing a 3.7% decrease over the past 24 hours as the broader crypto market trends downward. The CoinDesk 20 Index also experienced a decline of 3.1%, impacting multiple assets in the sector.
Technical analysis reveals that ONDO's price movements are encountering resistance at $1.50. A break above this level could lead to further gains, with potential targets at $1.64, $1.94, and $2.10.
As institutions integrate their tokenized securities on Ondo Chain and investors anticipate increased adoption, ONDO's price trends will be influenced by these developments in the coming weeks.
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