I quite like the sound of #Ondo on paper, the #crypto #Grok #AI picked as one to buy a bit of to hold for a few years when I asked about what to invest in.
It's Backed by #Pantera Capital and #Coinbase.
Design advisors for the chain include new members of the Ondo Ecosystem: #FranklinTempleton, #Wellington Management, #WisdomTree, #Google Cloud, ABN Amro, Aon, and McKinsey. The Ondo Ecosystem already includes notable industry leaders such as #BlackRock, #PayPal and #MorganStanley.
It's an impressive list of industry names and funds representing quite a lot of industry expertise and involvement from some key players in the game.
Ondo seems to often outline it's vision for creating Wall Street 2.0 on its X account through #RWA tokenisation, bringing institutional-grade #financial products to the home of #institutional adoption, and it seems to have the contacts and backing by folks in #WallStreet to do this too!
Ondo’s products “climbed to just shy of $1B combined, a 53% surge in market value over the past month,” reported #Coindesk on Mar 13th.
The #tokenized treasury market surged to a fresh record of $4.2 billion as the #crypto correction accelerated inflows also.
What #stablecoins took four years to achieve, tokenized Treasuries achieved in two, demonstrating strong demand for safe, liquid, institutional-grade yield.
On Mar 13th too they partnered with #Mastercard, bringing Ondo Finance into the Multi Token Network (MTN) as the first RWA provider on the network.
Ondo Vice Chairman Patrick McHenry even joined #CNBC Asia to discuss the $64T tokenization opportunity and Ondo’s role in bringing RWAs onchain at scale.
“Firms like Ondo are best in class” in the tokenization of real-world assets. “We have a massive market to bring this new technology to, bring it #onchain, and do it in a regulated way.”
Ondo and #Ripple are working together and share a vision: meeting users where they are and making onchain finance interoperable with legacy systems, where trillions of dollars reside. Deploying OUSG to the XRPL, and bringing institutional-grade financial products to the home of institutional adoption.
With names like #Coinbase, #XRP Ripple and Blackrock behind it and involved in it, who were all part of the recent #WhiteHouse meeting to setup the US Strategic #Bitcoin Reserve that holds crypto assets like XRP etc too, this kind of sounds like a winning team.
February 2025 was Ondo’s biggest month yet.
They brought together industry leaders at the Ondo Summit, announced Ondo Chain & Ondo Nexus, collaborated with Mastercard, #WorldLiberty Finance (which has links to president #Trump), #Stellar Org, BitGo
& more, and welcomed Patrick McHenry as Vice Chairman - all in their mission to transform global finance.
Ondo is also the leading tokenized US Treasuries provider by number of token holders, Ondo’s tokenized Treasuries are held by 85% of the 15,000+ holders in the category and are available on 8 blockchains: #Ethereum, #Solana, #Aptos, #Mantle, #Sui Network, #Arbitrum, #Polygon, #Cosmos, #Ripple, and #Stellar Org also!
They’ve recently announced three game-changing initiatives—Ondo Nexus, Ondo Global Markets, and Ondo Chain.
Together, these initiatives will accelerate their mission: unlocking global access by bringing #US financial markets onchain, starting with the $90T US Treasuries and US #Equities markets.
Currently sitting at $0.86 (down from it's recent high above $2 when BTC was over $100K), Grok tipped it as a steal and a no-brainer to buy if it went under $1, time will tell I guess!
To learn more about Ondo's vision for Wall Street 2.0, visit: blog.ondo.finance/global-markets
(Not financial advice, do your own research, etc. 😉)