The crypto world has just witnessed a surprising event: Ondo Finance launched a new blockchain for real-world assets (RWA), and the project related to former President Donald Trump quickly jumped into the game.
📌 Ondo Finance Announces Ondo Chain – New Blockchain for Real-World Assets
On February 8, Ondo Finance announced the launch of Ondo Chain, a Layer-1 blockchain specifically for the tokenization of real-world assets (Real-World Assets – RWA).
The goal of #OndoChain is to bring traditional assets onto the blockchain, making financial transactions more transparent, reducing fraud, and opening up profit opportunities for investors.
Leading financial companies like Franklin Templeton, Wellington Management, WisdomTree, and Google Cloud have played a consulting role in designing this project.
Ondo Chain will be compatible with the Ethereum Virtual Machine (EVM), facilitating easy integration into the Ethereum ecosystem.
📌 Trump-Related Project Invests Heavily in ONDO
Immediately after Ondo Finance announced the new blockchain, data from Arkham Intelligence showed that a wallet linked to #WorldLibertyFinancial purchased $470,000 worth of ONDO tokens.
World Liberty Financial is a crypto project related to the brand $TRUMP , providing cryptocurrency lending and borrowing services.
This project was announced by Donald Trump Jr. last August, and former President Trump has also spoken out to promote it.
After this investment was revealed, Donald Trump Jr. unexpectedly became the keynote speaker at the Ondo Summit, raising many questions about the collaboration between the two parties.
📌 Ondo (ONDO) Surpasses $4.3 Billion Market Cap
With this event, the value of ONDO skyrocketed, placing it as the 33rd largest coin according to CoinGecko's ranking, with a total market capitalization of $4.3 billion.
This event also reflects a larger trend in traditional finance:
Larry Fink, CEO of BlackRock, once praised $ETH as the key to asset tokenization.
Jenny Johnson, CEO of Franklin Templeton, also believes that blockchain will change the way the stock market operates.
💡 Conclusion: Is Ondo Finance Leading the RWA Trend?
The launch of Ondo Finance's RWA blockchain, supported by major financial institutions and the Trump team, shows the tremendous potential of this field. With the strong development of Ethereum and asset tokenization, Ondo may lead the next wave of financial blockchain.
📢 What do you think about Ondo Chain and the Trump team's involvement in the crypto market? Please share your opinions! 🚀