World Liberty Financial stake on Ondo Finance
Ondo Finance’s layer-1 Ondo Chain, which tokenizes assets, endeavors to accelerate the creation of institutional-grade financial markets on-chain.
Team Trump joined the trend. A wallet linked to the President Trump-backed World Liberty Financial project contained $470,000 worth of the project’s native ONDO tokens, according to data from Arkham Intelligence.
World Liberty Financial offers lending and borrowing services. The Trump brand strongly supports it; the president has endorsed the project and the president’s son announced its launch in August.
Donald Trump Jr. after the acquisition, was revealed as the Ondo Summit event’s unexpected closing speaker on Thursday.
Ondo Finance highlighted that top asset managers can tokenize their assets, which increases transparency, reduces fraud, and gives clients the chance to earn yield.
It also stated that the Ethereum Virtual Machine-compatible chain had “design advisors” like Franklin Templeton, Wellington Management, WisdomTree, and Google Cloud.
“We think that Ondo Chain represents a significant step forward in the evolution of institutional-grade blockchain infrastructure.” The company said in a press release issued on Thursday
Jenny Johnson, the CEO of Franklin Templeton, has stated that the blockchain will transform securities technology, BlackRock CEO Larry Fink has praised Ethereum for its potential to tokenize financial markets.
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