Ondo Finance and Pantera Capital have launched a $250 million fund to speed up investments in tokenized real-world belongings (RWAs), Axios reported on July 3.
In accordance to the report, the fund, named Ondo Catalyst, will put money into fairness stakes and tokens of tasks growing tokenized variations of conventional monetary belongings.
Ian De Bode, chief technique officer at Ondo, instructed the newswire that the tokenization market is witnessing an “arms race” as exchanges and protocols increase into tokenized shares and exchange-traded fund choices.
Latest initiatives replicate this momentum. Robinhood launched a layer-2 blockchain to allow European purchasers to commerce tokenized US shares and ETFs.
In Could, Kraken introduced plans to supply tokenized US inventory buying and selling to traders outdoors the US, whereas Coinbase is reportedly pursuing regulatory approval to present tokenized equities.
Ondo Finance has been increasing its function in blockchain-based capital markets this 12 months. The agency launched Ondo World Markets to join conventional finance with blockchain infrastructure and shaped a World Markets Alliance with different crypto firms to drive adoption.
The tokenized RWA mark
The put up Pantera, Ondo launch $250M fund to drive RWA tokenization appeared first on CryptoSlate.
