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Cryptocurrency News Articles
RWA Tokenization Platform Ondo Finance Unveils New L1 Chain, Announces World Liberty Financial ONDO Purchase
Feb 07, 2025 at 02:19 am
RWA Tokenization Platform Ondo Finance Unveils New L1 Chain, Announces World Liberty Financial ONDO Purchase
Institutional-grade finance platform Ondo Finance has announced the launch of Ondo Chain, a layer 1 blockchain network targeted for institutional adoption of tokenized real-world assets (RWAs).
This latest Ondo Finance news comes as the native token ONDO has surged in recent months amid the RWA market growth. Earlier on February 6, 2025, Donald Trump-backed World Liberty Financial scooped up more ONDO to add to its crypto haul.
Onchain data from Lookonchain showed the World Liberty ONDO purchase, as seen below:
World Liberty now holds 10,380,888 ONDO tokens, as per the onchain data.
Ondo Finance’s new L1 chain for tokenized assets
According to an announcement, Ondo aims to accelerate the adoption of institutional-grade financial markets with onchain offerings on the Ondo Chain. The layer 1 is built to bring a platform that combines security and compliance to advance the tokenized RWA market.
“Ondo Chain is designed to meet the highest institutional standards while remaining open for developers and innovators,” said Nathan Allman, CEO of Ondo Finance. “It tightly couples onchain and offchain infrastructure, reducing cost, enhancing security, and ultimately enabling a better user experience. For these reasons, we anticipate Ondo Chain becoming the hub for the DeFi ecosystem centered on tokenized assets.”
As well as Ondo Chain, the summit saw the Ondo Finance team provide key updates to its other infrastructure product – the Ondo Global Markets. Ondo GM is a tokenization platform aimed at bringing publicly-traded securities onchain.
Ondo announced the new L1’s as part of its Wall Street 2.0 update at Ondo Summit 2025. The event, the first for the blockchain network, has attracted several major crypto and blockchain industry players.
Ripple, Chainlink, Blockdaemon, and Uniswap all have executives and representatives at the Ondo Summit event in New York City. The summit has also seen the involvement of asset managers Franklin Templeton, Wellington Management and WisdomTree among others.
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