๐ข๐ป๐ฑ๐ผ ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ ๐๐๐๐ ๐ฆ๐๐ฟ๐ฎ๐ป๐ด๐ฒ๐น๐ผ๐๐ฒ ๐๐ผ ๐ฆ๐ฝ๐ฒ๐ฒ๐ฑ ๐จ๐ฝ ๐ฅ๐ช๐ ๐ง๐ผ๐ธ๐ฒ๐ป๐ถ๐๐ฎ๐๐ถ๐ผ๐ป
Ondo Finance has acquired blockchain developer Strangelove as part of its plan to bring more real-world assets (RWAs) like stocks and real estate onchain.
๐น Ondo CEO Nathan Allman said this move strengthens their goal to build the key infrastructure needed to bring financial markets onto blockchains.
๐น The deal comes after Ondo and Pantera Capital announced plans to invest $250 million into RWA projects.
๐น Ondo also recently revealed plans to acquire Oasis Pro, giving it access to a broker-dealer license approved by the U.S. SEC.
๐ The tokenization of real-world assets is quickly growing, with some reports predicting the market could exceed $18 trillion by 2033.
With this acquisition, Ondo aims to become the first full-stack platform to issue tokenized assets across multiple chains (omnichain). Strangeloveโs team brings strong engineering skills to help Ondo launch scalable and interoperable financial products globally.
Finally, Strangelove CEO Jack Zampolin will join Ondo as Vice President of Product, supporting this bigger vision of bringing RWAs into the crypto world.
