President Donald Trump’s new decentralized finance (DeFi) challenge is partnering with real-world asset (RWA) tokenization protocol Ondo Finance (ONDO) to spice up RWA adoption.
In a brand new thread on the social media platform X, the event staff behind Ondo Finance says it’s collaborating with World Liberty Monetary (WLFI) as a method of bringing conventional finance to the world of blockchains.
In response to Ondo, WLFI is including Ondo’s tokenized belongings – such because the stablecoin Ondo US Greenback Yield (USDY) and the Ondo Brief-Time period US Treasuries Fund (OUSG) – into its community as treasury reserve belongings.
Moreover, WLFI is planning on integrating USDY, OUSG and different tokenized securities from Ondo’s upcoming world markets into its community as a method of enabling seamless borrowing, lending, and margin buying and selling for eligible prospects.
“By means of this collaboration, World Liberty Monetary plans to turn into a strategic collaborator in Ondo’s journey to scale Ondo World Markets, a platform designed to allow the tokenization of conventional monetary belongings like shares and bonds.”
As acknowledged by Donald Trump Jr., the “Web3 Ambassador” at WLFI,
“Our collaboration with Ondo Finance marks a major step ahead in aligning conventional monetary programs with blockchain innovation. By integrating Ondo’s tokenized belongings, we’re offering our community with entry to conventional monetary belongings and new yield alternatives.”
Present information from blockchain intelligence agency Arkham exhibits that WLFI at the moment holds about $465,000 value of ONDO.
ONDO is buying and selling for $1.37 at time of writing, a 1.6% enhance over the last 24 hours.
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