Fabio Amaya
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The DeFi protocol Ondo Finance and the venture capital firm Pantera Capital plan to intensify investments in real world assets (RWAs), highlighting the industry's growing focus on tokenization amid favorable regulatory developments in the United States.
Both companies informed Axios that they plan to invest $250 million in RWAs through a new fund called Ondo Catalyst. Ondo's Chief Strategy Officer, Ian De Bode, says the funds will be invested to acquire equity stakes and tokens in emerging projects.
"We are seeing a kind of arms race right now" in the tokenization market, De Bode told Axios, referring to the surge of companies entering the space. Exchanges in particular are focusing on tokenized stocks and exchange-traded fund (ETF) offerings.
Recently, the digital brokerage firm Robinhood launched a new layer 2 blockchain to enable European customers to trade tokenized U.S. stocks and ETFs.
In May, Kraken announced plans to offer trading in tokenized U.S. stocks to investors outside the United States.
Meanwhile, the cryptocurrency exchange Coinbase is reportedly seeking regulatory approval to offer tokenized stocks, a move that would help it compete with Robinhood and other trading platforms.
Ondo Finance has been ramping up its push towards on-chain finance, recently announcing the formation of a Global Markets Alliance with several cryptocurrency companies to drive the adoption of blockchain-based capital markets. On Thursday, the company announced that OKX Wallet has joined the alliance.
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Both companies informed Axios that they plan to invest $250 million in RWAs through a new fund called Ondo Catalyst. Ondo's Chief Strategy Officer, Ian De Bode, says the funds will be invested to acquire equity stakes and tokens in emerging projects.
"We are seeing a kind of arms race right now" in the tokenization market, De Bode told Axios, referring to the surge of companies entering the space. Exchanges in particular are focusing on tokenized stocks and exchange-traded fund (ETF) offerings.
Recently, the digital brokerage firm Robinhood launched a new layer 2 blockchain to enable European customers to trade tokenized U.S. stocks and ETFs.
In May, Kraken announced plans to offer trading in tokenized U.S. stocks to investors outside the United States.
Meanwhile, the cryptocurrency exchange Coinbase is reportedly seeking regulatory approval to offer tokenized stocks, a move that would help it compete with Robinhood and other trading platforms.
Ondo Finance has been ramping up its push towards on-chain finance, recently announcing the formation of a Global Markets Alliance with several cryptocurrency companies to drive the adoption of blockchain-based capital markets. On Thursday, the company announced that OKX Wallet has joined the alliance.
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