$ONDO There is increasing pressure for Real World Asset (RWA) tokenization on the Solana blockchain as Ondo Finance expands to the network. As announced on X, the institutional-grade RWA company stated that it is expanding its bridge solution to Solana. Based on historical precedent, this bridge integration has a significantly positive aspect for SOL and ONDO, the native assets of both protocols.

The alliance of Ondo Finance and Solana RWA

According to the announcement, the Ondo Decentralized Verifier Network (DVN) has expanded to Solana. Through it, the proof-of-stake chain can connect to other EVM-compatible chains like Ethereum, Arbitrum, and Mantle.

As noted, by launching the bridge, USDY holders can transfer assets across the largest crypto platforms to drive a new value system. With over $170 million in USDY on Solana for total value locked on the token platform, users can now do more through this integration.

"This new bridge opens up the possibility of seamless RWA mobility, enabling users to transfer USDY smoothly without causing additional counterparty risk or the need for inefficient capital reserves," the announcement stated, noting that "each USDY transfer between chains is extremely capital efficient and does not require any additional external capital to fill the transfers, as is required across third-party bridge environments."

Over the past few months, Ondo Finance has partnered with World Liberty Financial in an effort to drive its token agenda. Thanks to its efforts, it has managed to put its native token ONDO in the spotlight.

Implications for Solana and ONDO price

With an active product in high demand from institutional investors, the price of ONDO may receive an additional boost over time. Solana is an established blockchain protocol with millions of users. Access to liquidity, which may eventually all flow into the supported USDY and Ondo Finance solutions, could lead to substantial increases.

At the time of writing, the price of ONDO has risen by 1.05% in the past 24 hours to reach $0.9215. Like ONDO, Solana has also achieved a breakout, rising 2.20% in 24 hours to reach $150.55.

ONDO has other fundamental growth catalysts, such as its recent listing on Binance, which can also help boost its price outlook. With increasing adoption and exchange listings, the accessibility of the token is rising, positioning the core currency for a potential breakout.

Meanwhile, there is an increasing demand for RWA tokens in both decentralized and traditional finance ecosystems. Thanks to its cutting-edge technology, Ondo Finance may soon be in a position to capture a significant market share.

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