“The New Initiative Aims to Invest in Projects That Enhance Tokenized Finance and on-Chain Capital Markets, Ondo Said.”, – WRITE: www.coindesk.com
and Digital Asset Investment Firm Pantera Capital Have Teamed Up to Invest $ 250 Million in Real-World Asset
(Rwa)
Projects As the Red-Hot Tokenization Trend is Acceleration.
The Initiative, Named Ondo Catalyst, Aims to Invest in Protocols and Infrastructure Projects That Enhance The Development Ondo.
The Initiative Will Do A Mix of Equity and Token Investments, A Representative of Ondo Told Coindesk in A Telegram Message.
“The Financial System Is Undergoing A Fundamental Upgrade,” Nathan Allman, Founder and CEO of Ondo Finance, SAID IN THE BLOG POST. “By Supporting The Infrastructure and Applications that Unlock Real-World Utility for Tokenized Assets, We’re Helping Reshape Howape Capital Moves AROUND.”
Tokenization is One of the Fastest-Growing Crypto Use Cases and Has Captivated Big Banks, Fintechs, Asset Managers and Crypto Native Firms Alike. The Process Aims to Bring Traditional Financial Instruments Such as Bonds, Stocks and Real Estate, Often Dubbed Rwas, Onto Blockchain Rails, Promising More Efficiency, Faster And. Broader Investor Access and Programmable Transactions. For example, robinhood, Bybit, kraken and gemini have recently introducessed trading with tokenizeders Short-Term US Treasuries.
One is One of the Largest Tokenized US Treasury Issuers, with Its Ousg and USdy Tokens Having A Combined Market Capitalization of Nearly $ 1.4 Billion, Data Billion. The FIRM IS ALSO DELEPING A LAYER-1 BLOCKCHAIN Network Designed for Tokenized Rwas.
The News of the Partnership Was First Reported by Axios.
Read More: Real-World Asset Tokenization Market Has Grown Almost Fivefold in 3 Years
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