CandleFocus Ondo Finance Takes Lead in Tokenized US Treasuries with TAC
2024-09-27
Author: Content Editor
The Tokenized Asset Coalition (TAC) has announced the addition of 21 new members and released its second State of Tokenization report. The report focuses on the role of regulation in driving blockchain adoption, institutional interest in bringing assets on-chain, and recent breakthroughs in the sector. Major financial organizations project that the tokenized asset market will grow to $2 trillion to $30 trillion over the next decade. Currently, tokenized assets are worth $176 billion and come from over 150 issuers across 20 public blockchains. A survey by Coinbase found that 56% of Fortune 500 CEOs are actively working on on-chain initiatives. Ondo Finance, a member of TAC, has emerged as a major participant in the tokenization industry and has gained a leading position in the tokenized US Treasury market. The company has also entered the Spark Tokenization Grand Prix MakerDAO and has seen its native token, ONDO, perform well in the market.
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