President Donald Trump’s new decentralized finance (DeFi) undertaking is partnering with real-world asset (RWA) tokenization protocol Ondo Finance (ONDO) to spice up RWA adoption.
In a brand new thread on the social media platform X, the event staff behind Ondo Finance says it’s collaborating with World Liberty Financial (WLFI) as a way of bringing conventional finance to the world of blockchains.
In keeping with Ondo, WLFI is including Ondo’s tokenized belongings – such because the stablecoin Ondo US Greenback Yield (USDY) and the Ondo Quick-Time period US Treasuries Fund (OUSG) – into its community as treasury reserve belongings.
Moreover, WLFI is planning on integrating USDY, OUSG and different tokenized securities from Ondo’s upcoming international markets into its community as a way of enabling seamless borrowing, lending, and margin buying and selling for eligible prospects.
“By means of this collaboration, World Liberty Financial plans to develop into a strategic collaborator in Ondo’s journey to scale Ondo World Markets, a platform designed to allow the tokenization of conventional monetary belongings like shares and bonds.”
As said by Donald Trump Jr., the “Web3 Ambassador” at WLFI,
“Our collaboration with Ondo Finance marks a big step ahead in aligning conventional monetary methods with blockchain innovation. By integrating Ondo’s tokenized belongings, we’re offering our community with entry to conventional monetary belongings and new yield alternatives.”
Present information from blockchain intelligence agency Arkham shows that WLFI presently holds about $465,000 price of ONDO.
ONDO is buying and selling for $1.37 at time of writing, a 1.6% improve over the last 24 hours.
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Featured Picture: Shutterstock/Natalia Siiatovskaia/Tithi Luadthong
