BACKED

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.

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#BACKED

🚨 JUST IN: Kraken x Backed launch xStocks on BNB Chain!
🌐 Tokenized U.S. stocks now tradable as BEP20 assets — Wall Street meets Web3!
#Kraken #Backed #xStocks #BNBChain #Tokenization

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 & Backed Bring Tokenized U.S. Equities to Binance Chain
📢 In a major move for the tokenized asset space, Kraken and its partner Backed are expanding their xStocks offering to the Binance Chain, enabling multichain access to tokenized U.S. equities.
🌐 This strategic expansion opens the door for broader participation, allowing users to trade real-world stocks as crypto assets across multiple blockchains—blurring the lines between traditional finance and DeFi.
🌍 As demand for on-chain assets grows, multichain access is no longer a luxury—it’s the future. Kraken’s push into Binance Chain signals a significant step toward mainstream adoption of tokenized equities.
#Kraken #Backed #xStocks #Tokenization #BinanceChain
https://coingape.com/kraken-expands-tokenized-us-equities-xstocks-offering-to-binance-chain/?utm_source=bnb&utm_medium=coingape

BNB Chain unveils a partnership with Kraken and Backed

#BNBChain is collaborating with Kraken and #Backed to bring tokenized equities, such as AAPLx, TSLAx, NVDAx, and SPYx, to the network as BEP-20 tokens. Soon, eligible Kraken users in supported regions can deposit and withdraw tokenized equities on BNB Chain. Built by Backed and supported by Kraken, these #xStocks will be tradable on #PancakeSwap and usable across #DeFi , including lending, yield, and structured products.

👉 bnbchain.org/en/blog/bnb-chain-x-kraken-x-xstocks-trade-tokenized-equities-onchain-anytime

$XRP just pulled back - but analyst call it a tactical breather.

$XRP has retreated - 3% from recent highs near $3.60, but technical structure remain intact. Support at $3.00 - $3.05 held, suggesting consolidation, not breakdown. On-chain data shows continued whale accumulation in that range(no panic selling)

#xrp #BACKED #crypto #XRPUpdate