New York, NY-The Ondo Finance, the second largest largest tokenized Treasury Issuer, says it plans to start its own layer-1 blockchain designed for tokenized real-world assets in a bid to connect traditional Capital market with Decentralized FinanceThe company announced on Thursday at the Inaugural Ondo Summit.
The Ondo chain was made to meet institution compliance standards while maintaining transparency and accessing public blockchains such as Ethereum, the company said. The network relies on validator permissions to validate transactions and ensure accurate financial data, such as token -owned prices and token -back prices. It will also support the staking of tokenized real-world assets and native bridging between blockchains for interoperability.
“Financial markets are overdue for an upgrade,” CEO Nathan Allman said in a statement. “We create an ecosystem that bridge the best traditional finances with blockchain technology.”
The announcement will come on the day after Ondo Unveiled a platform of tokenization It helps to put stocks, bonds and funds on blockchain metals.
The tokenization, or the creation of digital tokens that represents the presence of traditional ownership in a blockchain, is gaining traction worldwide. Institutions and even governments are further exploring the process in the pursuit of acquired operations such as speeding speed and more access to investors. The tokenized RWA market can grow up to trillion dollars by this decade, report from McKinsey, Bcg, 21shares and Bernstein are expected.
Recently, many influential leaders in the financial world have shown RWWA as the next border of modern financial.
Larry Fink, CEO of Asset Management Behemoth Blackrock, says bonds and stocks will be sold on future blockchain metals and encouraged US regulators and policy manufacturers to create policies for security tokens . Vlad Tenev, co-founder and CEO of Digital Brokerage Robinhood, Says Tokenization may be dedicating access to private equity investment, which is currently limited to accredited investors and wealthy individuals, and suggested rule changes to unlock the tokenized investment of assets for retail investors .
Ondo finance is the second largest issuer of tokenized US treasuries offerings, according to Rwa.xyz data. The US Dollar Yield (USDY) and short -term US (OUSG) government tokens stand for $ 385 million and $ 268 million market capitalization, respectively.
