Ondo Chain Announced: How Institutions Are Powering the Next RWA Revolution?

Ondo Chain Announced: The Future of Tokenized RWAs for Wall Street Investors

Ondo Finance, a platform for tokenizing real-world assets, announced that it will introduce an institution-focused layer-1 blockchain so that Wall Street companies can tokenize RWAs. On February 6, during its first summit in New York, Ondo announced Ondo Chain.

According to reports, Chase Herro, co-founder of World Liberty Financial, owned by the Trump family, stated during the summit that the cryptocurrency platform will use its holdings, including the Ondo (ONDO) token, to establish a strategic reserve. According to Ondo Finance, the company’s current members (BlackRock, PayPal, and Morgan Stanley), as well as its new members (Franklin Templeton, WisdomTree, Google Cloud, ABN Amro, Aon, and McKinsey), will provide advice on the development of the Ondo Chain.

Ondo Chain’s Unique Model: Permissioned Validators & Open Innovation

Staking tokenized RWAs, wealth management, and prime brokerage with a cross-collateralized margin for RWAs are just a few of the many use cases that Ondo’s Layer 1 seeks to facilitate for institutions. Ondo Chain validators, according to the company, could stake RWAs to protect the network. However, they will operate on a permissioned paradigm to stop front-running and MEV. Moreover, anyone may participate, create apps, and issue tokens, Ondo continued.

This enhances investor protections and makes Ondo Chain suitable for institutions that need best execution guarantees.

Ondo

Ondo did not specify the launch date for the layer 1 solution.

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