Here’s the goss: ��� grapevine
- “Ondo Chain” is the latest sensation in town, a layer-1 blockchain for tokenized real-world assets, tailored for institutional finance.
- Ondo Finance, the second-largest tokenized Treasury offerings platform, is embracing security and compliance without compromising public chain accessibility.
- The grand unveiling of their tokenization platform earlier this week has already put them on the map, and now this!
New York, NY – In a dazzling revelation at the Ondo Summit, Ondo Finance announced the launch of their very own layer-1 blockchain, “Ondo Chain.” This audacious move aims to intertwine traditional capital markets with the pulsating world of Decentralized Finance. 💼💸
Ondo Chain, a masterpiece of compliance and transparency, promises to maintain the sparkle of public blockchains like Ethereum while ensuring transaction veracity through permissioned validators. It will also support tokenized real-world assets staking and native blockchain interoperability. 🔗🌉
“Financial markets are in dire need of a makeover,” declared Nathan Allman, CEO of Ondo Finance. “We’re crafting an ecosystem that blends the finest of traditional finance with blockchain technology.”
The big reveal comes hot on the heels of Ondo’s tokenization platform launch, which facilitates placing stocks, bonds, and funds on blockchain rails. 🚆
Tokenization, the talk of the town, is making waves worldwide, with institutions and governments exploring its potential. The tokenized RWA market could swell to trillions of dollars by the end of this decade, as projected by reports from McKinsey, BCG, 21Shares, and Bernstein. 🌊
Influential financial leaders, like BlackRock’s Larry Fink and Robinhood’s Vlad Tenev, have already championed tokenized RWAs as the next big thing in financial innovation. 🏦
Ondo Finance, the second-largest issuer of tokenized U.S. Treasuries offerings, boasts an impressive $385 million market cap for its USDY token and $268 million for its OUSG token. 📈
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2025-02-06 18:17