The post Ondo Finance Launches Tokenized RWA-Focused Layer-1 Blockchain appeared on BitcoinEthereumNews.com.

New York, NY — Ondo Finance, the second-largest tokenized Treasuries issuer, said it plans to start its own layer-1 blockchain designed for tokenized real-world assets in a bid to connect traditional capital markets with decentralized finance, the company announced on Thursday at its inaugural Ondo Summit. Ondo Chain was crafted to meet institutional compliance standards while maintaining the transparency and accessibility of public blockchains like Ethereum, the company said. The network will rely on permissioned validators to verify transactions and ensure accurate financial data, such as asset prices and token backing. It will also support staking of tokenized real-world assets and native bridging between blockchains for interoperability. “Financial markets are overdue for an upgrade,” CEO Nathan Allman said in a statement. “We’re creating an ecosystem that bridges the best of traditional finance with blockchain technology.” ONDO, the native token of the ecosystem, saw volatile swings following the announcement, dipping 1.5% before rallying 3.5% higher. Soon following the announcement World Liberty Financial, the decentralized finance protocol backed by Donald Trump and his family, invested $470,000 in ONDO tokens, blockchain data showed. “We really set out to build something that could combine the best of both traditional finance with its incredible deep liquidity and investor protections with all the benefits of DeFi with its open access and innovation and new primitives,” Ian De Bode, chief strategy officer at Ondo, said during a presentation at the Ondo Summit in New York City on Thursday. “However, as we set out on this mission, we realized that the necessary conditions to really bring together really did not exist. The infrastructure to bring these two together really was not present” The announcement comes the day after Ondo unveiled a tokenization platform that helps place stocks, bonds and funds on blockchain rails. Allman said that he believes…

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Filed under: News - @ February 6, 2025 7:26 pm