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Kraken and Backed launch tokenized U.S. equities on Solana
#Kraken has partnered with #Backed and the #SolanaFoundation to introduce tokenized U.S. equities on the Solana $SOL blockchain. The initiative, announced during Solana Accelerate, will make stocks and #ETFs available as digital assets under the new xStocks brand. Initially, eligible Kraken users in select non-U.S. markets will access these assets directly through the Kraken app. Solana’s #blockchain was chosen for its transaction speed and infrastructure.
#Kraken has partnered with #Backed and the #SolanaFoundation to introduce tokenized U.S. equities on the Solana $SOL blockchain. The initiative, announced during Solana Accelerate, will make stocks and #ETFs available as digital assets under the new xStocks brand. Initially, eligible Kraken users in select non-U.S. markets will access these assets directly through the Kraken app. Solana’s #blockchain was chosen for its transaction speed and infrastructure.
Ondo Coin (ONDO) is a DeFi token enabling users to originate risk-isolated, fixed-yield loans backed by yield-generating crypto assets. It's a permissionless protocol allowing peer-to-pool interactions without intermediaries.
#Backed By#
The company behind the #ONDO token, has received backing from notable investors and partners. Here are some of the key backers :
- *Coinbase*: A leading cryptocurrency exchange, Coinbase has backed Ondo Finance through its venture arm, Coinbase Ventures. This investment has helped Ondo expand its tokenized securities offerings.
- *BlackRock*: The world's largest asset manager, BlackRock, has partnered with #Ondo Finance to provide tokenized U.S. Treasuries through the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
- *Ripple*: Ripple, a blockchain company, has collaborated with Ondo Finance to bring tokenized U.S. Treasuries to the XRP Ledger, expanding the reach of Ondo's products.
- *Stellar Development Foundation*: The Stellar Development Foundation has welcomed Ondo's yield-bearing stablecoin, USDY, to the Stellar network, enabling global distribution and access to tokenized assets.
- *Top-tier funds*: Ondo Finance has also received investment from other top-tier funds, although the specific names are not publicly disclosed.
#Backed By#
The company behind the #ONDO token, has received backing from notable investors and partners. Here are some of the key backers :
- *Coinbase*: A leading cryptocurrency exchange, Coinbase has backed Ondo Finance through its venture arm, Coinbase Ventures. This investment has helped Ondo expand its tokenized securities offerings.
- *BlackRock*: The world's largest asset manager, BlackRock, has partnered with #Ondo Finance to provide tokenized U.S. Treasuries through the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
- *Ripple*: Ripple, a blockchain company, has collaborated with Ondo Finance to bring tokenized U.S. Treasuries to the XRP Ledger, expanding the reach of Ondo's products.
- *Stellar Development Foundation*: The Stellar Development Foundation has welcomed Ondo's yield-bearing stablecoin, USDY, to the Stellar network, enabling global distribution and access to tokenized assets.
- *Top-tier funds*: Ondo Finance has also received investment from other top-tier funds, although the specific names are not publicly disclosed.
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