- Ondo Finance reveals its new layer 1 project ONDO chain.
- World Liberty Financial, a platform linked to the Trump family, made a heavy investment in ONDO Finance.
Ondo Finance is making a buzz in the market with its latest developments. It introduced the “Ondo Chain” which will serve an institution that wants to tokenize real-world assets. Anyone can develop an app on this network.
In a recent blog, Ondo Finance unveiled its latest project, “Ondo Chain,” an Omnichain Network for RWAs. It is an institution-oriented layer-1 blockchain used to cater to Wall Street firms to tokenize RWAs.
Ondo Finance’s “Ondo Chain” aims to foster institutions like banks or investment firms. It will allow prime brokerage, staking tokenized RWAs, wealth management, and more. However, the original date of launch is still a mystery.
Ondo chain will be supported and advised by its existing members from big companies like BlackRock, PayPal, and Morgan Stanley. In addition, more members joined them for guidance, including Franklin Templeton, WisdomTree, Google Cloud, ABN Amro, Aon, and McKinsey.
WLF purchase Strengthening Ondo Finance
According to the Bloomberg report World Liberty Financial plans to create a strategic reserve with its crypto holdings. In December 2024, the WLF token reserve added $270,000 worth of ONDO tokens.
Moreover, currently World Liberty Financial has a total of $470K worth of ONDO tokens, according to Arkham Intelligence data. Besides this, the platform holds $35.29 million worth of crypto assets.
Experts believe that Trump family’s World Liberty Financial ONDO purchases could positively impact the ONDO price. However, there is no significant price movement currently. At press time ONDO price was trading at $1.36 with a market cap of $4.28 billion.
