Tokenization platform ondo finance
and the digital asset investing company Pantera Capital has joined forces to invest $ 250 million in active active (RWA) Projects like the red -hot symbolic trend accelerate.
The initiative called Ondo Catalyst aims to invest in protocols and infrastructure projects that improve the development of tokenized funding and on-chain capital markets, according to a blog post on Thursday by Ondo.
The initiative will make a mixture of equity and token investment, a representative of Ondo Coindesk said in a telegram message.
“The financial system is undergoing a basic upgrade,” Nathan Allman, founder and CEO of Ondo Finance, said in the blog post. “By supporting the infrastructure and applications that unlock in the real world to tokenized assets, we help reshape how capital moves around the world.”
Tokenization is one of the fastest growing crypto bug cases and has captivated large banks, fintechs, asset leaders and crypto native companies. The process aims to bring traditional financial instruments such as bonds, equities and real estate, often called RWAs, on blockchain rails that promise more efficient operations, faster and around the clock resolutions, wider investor access and programmable transactions. E.g. Robinhood, Bybit, Kraken and Gemini have recently introduced trade in tokenized versions of US stocks, while Blackrock and Franklin Templeton released tokenized money market funds supported by short -term US treasuries.
Ondo is one of the largest tokenized US Treasurers, where its OUSG and USDY -Tokens has a total market value of almost $ 1.4 billion, data of RWA.xyz shows. The company also develops a LAG-1 blockchain network designed for tokenized RWAs.
The news of the partnership was first reported by Axios.
Read more: Really assets Tokenization Market has grown almost five times in 3 years
