Tokenization platform ondo finance
And Digital Asset Investment Firm Pantera Capital has cooperated to invest $ 250 million in real-world assets (RWA) The projects as a red-hot tokenization are accelerated.
The initiative, named Ondo Catalyst, aims to invest in protocols and infrastructure projects that improve the development of tokenized finance and on-chain capital market, according to a Thursday Blog post by Ondo.
The initiative will make a mixture of equity and token investment, An Ondo Representative Cindesk said in a telegram message.
“The financial system is undergoing a major upgrade,” Nathan Allman, founder and CEO of Ondo Finance, said in a blog post. “By supporting infrastructure and applications that open up real-world utilities for tokenized assets, we are helping to re-adjust how capital is moving around the world.”
Tokenization is one of the fastest growing cases of crypto use and captures large banks, fintechs, asset managers and native crypto companies. The process aims to bring traditional financial instruments such as bonds, stocks and real estate, often called RWW, onto blockchain metals, which promise better operations, faster and peripheral-crooked settlements, greater access to investors and programming transactions. For example, Robinhood, Bybit, Kraken and Gemini recently introduced trading with tokenized versions of US stocks, while the Blackrock and Franklin Templeton issue has been token of money market funds supported by US short-term resources.
The Ondo is one of the largest tokenized US Treasury providers, including OUSG and USDY tokens with an integrated market capitalization of nearly $ 1.4 billion, data of Rwa.xyz Shut up. The firm is also developing A layer-1 blockchain network designed for tokenized RWAs.
The news of collaboration was first reported by Axios.
Read more: The real-world asset tokenization market has grown almost five times in 3 years
