The Defi Protocol Ondo Finance and Venture Firm Pantera Capital Plan to increase investments in real-world assets (RWAs), which featured increased industry focus on tokenization amid favorable regulations in the United States.
Both companies have knowledge Axios They plan to invest $ 250 million in RWWA through a new fund called Ondo Catalyst. Ondo Chief Strategy Officer Ian de Bode, said the fund will invest to obtain equity and token stakes on emerging projects.
“We see a little weapon now” in the tokenization market, De Bode told Axios, which refers to the advancement of companies entering the space. The exchanges in particular have zeroed with tokenized stocks and funds exchanged (ETF).
Number Cointelegraph recently reportedDigital brokerage firm Robinhood has launched a new layer-2 blockchain to enable European clients to trade US and ETF stocks tokenized stocks.
In May, in May, Kraken announced the plans to offer tokenized US stock trading to investors outside the United States.
Meanwhile, Crypto exchange Coinbase has been reported pursuing regulatory approval To offer tokenized equities, a step that will help compete with Robinhood and other trading platforms.
Ondo Finance is ramping up its pushing on onchain finance, recently announced the formation of A Alliance of Global Markets with many crypto companies to drive the adoption of Blockchain-based capital markets. On Thursday, the company announced that the OKX wallet joined the alliance.
Earlier this year, the company Ondo Global Markets launched To bring the traditional financial market to the blockchain.
Noteworthy, the ondo is supported by the Peter Thiel’s Founders Fund, which has been reported supporting efforts to develop a New crypto-friendly bank.
Related: Chainlink, JPMorgan, Ondo Finance Complete Crosschain Treasury’s Treasury
Tokenized RWA Market gets momentum
Efforts to develop a new tokenized economy are supported at many levels across the industry and government, including the US Securities and Exchange Commission (SEC) Chair Paul Atkins The promise to create paths for tokenization change.
Following a regulation marked with “regulation by implementation,” the Atkins’ SEC is now focused on “How do we promote a market change,” he told CNBC earlier this week.
A Recent report of the industry Redstone, Gauntlet and RWA.xyz co-authored has found that the tokenized RWA market has grown 380% since 2022, reaching $ 24 billion in June. Notably, this figure Stablecoins does not includewhich is collective costs more than $ 250 billion.
The Redstone report found that US government’s private credit and debt are the major growth drivers for RWWA.
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