Yigit Taha OZTURK 
Real-world asset (RWA) tokenization platform Ondo Finance has announced Ondo Chain, a new layer-1 blockchain designed to enable Wall Street investors to tokenize RWAs.
Ondo Finance introduced Ondo Chain during its inaugural summit in New York on February 6.
Institutional Backers and Collaborations
The development of Ondo Chain will be guided by existing members, including BlackRock, PayPal, and Morgan Stanley, along with new partners such as Franklin Templeton, WisdomTree, Google Cloud, ABN Amro, Aon, and McKinsey.
Purpose and Features of Ondo Chain
The new blockchain network will support several institutional use cases, including:
- Prime brokerage with cross-collateralized margin for RWAs
- Staking tokenized RWAs
- Wealth management solutions
Ondo Chain validators will be able to stake RWAs to secure the network, but it will operate on a permissioned model to prevent MEV and front-running.
Trump Family’s Connection and Recent Developments
The Trump family’s crypto platform World Liberty Financial (WLF) is strengthening its ties with Ondo Chain.
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
Chase Herro, co-founder of World Liberty Financial, announced that the platform plans to create a “strategic reserve” with the tokens it holds.
According to Arkham Intelligence data, WLF purchased approximately $470,000 worth of ONDO tokens on February 6.
Previously, on December 15, WLF acquired $270,000 worth of ONDO tokens as part of a larger $45 million buying spree, which also included ETH and Coinbase Wrapped BTC (cbBTC).
The Trump family’s crypto platform currently holds a total of $35.4 million worth of various cryptocurrencies.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.