Solana Foundation and Bitget Wallet Join Ondo’s Market Alliance, but XYZVerse Prepares Its Own Strategic Push
The post Solana Foundation and Bitget Wallet Join Ondo’s Market Alliance, but XYZVerse Prepares Its Own Strategic Push appeared on BitcoinEthereumNews.com.
As the decentralized finance landscape evolves at lightning speed, alliances and emerging projects are reshaping the future of digital assets. In a bold move, the Solana Foundation and Bitget Wallet have joined Ondo Finance’s Global Markets Alliance, marking a significant milestone in the institutional adoption of tokenized real-world assets (RWAs). But while these established players cement their partnerships, another innovative force is rising from the meme coin frontier – XYZVerse – poised for a breakout of its own. Ondo Finance’s Alliance: A Leap Toward RWA Standardization The newly formed Global Markets Alliance, spearheaded by Ondo Finance, aims to standardize and scale the infrastructure for tokenized financial products. Besides Solana and Bitget, other members include Trust Wallet, Rainbow, Jupiter Exchange, 1inch, and BitGo. 1/ Today we’re announcing the Global Markets Alliance, a historic alliance of leading wallets, exchanges, and custodians to bring capital markets onchain and set standards for the interoperability of onchain stocks. This alliance includes: • @SolanaFndn• @BitgetWallet •… pic.twitter.com/9JE1QRHKZO — Ondo Finance (@OndoFinance) June 17, 2025 Together, they intend to make Real World Assets (RWAs), such as tokenized bonds, stocks, and yield-bearing assets, easily transferable and accessible across wallets, exchanges, and custodians. This comes as Ondo’s ecosystem surpasses $1.4 billion in TVL, a clear sign of rising demand for on-chain financial products. The roles of Solana and Bitget in the alliance The Solana Foundation’s involvement signals strong support from one of the fastest and most efficient blockchain networks in the industry. With blazing transaction speeds and near-zero fees, Solana is well-suited to host tokenized markets at scale. It’s no coincidence that Ondo recently expanded its integration with Solana, enabling seamless cross-chain transfers of USDY via LayerZero and launching an on-chain trading platform for tokenized public securities directly on Solana. Meanwhile, Bitget Wallet, known for its user-friendly interface and…
Filed under: News - @ June 19, 2025 12:19 pm