A new blockchain called Ondo Chain has been announced, with the support of major Wall Street firms. Ondo Chain, created by Ondo Finance, aims to tokenize real-world assets and create institutional-grade financial markets on-chain. The Trump-backed World Liberty Financial project has shown interest in Ondo Chain, with a wallet associated with the project purchasing $470,000 worth of ONDO tokens. Ondo Finance stated that top asset managers will be able to tokenize their assets on the Ethereum-based Ondo Chain, leading to increased transparency and less fraud. The ONDO token is currently ranked 33rd largest cryptocurrency with a market cap of $4.3 billion. Traditional finance institutions have been advocating for the tokenization of financial markets using blockchain technology.



Other News from Today