During the planned Ondo summit, the TOKENization company of assets Ondo Finance unveiled its own layer 1 blockchain (L1) called the ONDO channel.
This comes only a few days after the announcement of Ondo Global Markets, the two launches marking a major step towards the adoption of real institutional assets (RWA).
Ondo Finance develops layer 1 for Rwa
Based on the announcement, the new blockchain will fill the gap between traditional finance (tradfi) and decentralized finance (DEFI). It would provide an infrastructure which guarantees regulatory compliance while maintaining philosophy access to access to access.
It would seem that the Ondo channel has already collected significant support from the heavyweights of the industry. Financial institutions such as Franklin Templeton, Wellington Management and Wisdomtree have joined as a design advisers. These organizations, among others, would add credibility and expertise to the project, potentially consolidate the place of Ondo Finance in the RWA sector.
The ONDO channel’s announcement occurs when public blockchains find it difficult to meet the requirements of large -scale tokenized assets. Ondo Finance has identified five major challenges leading to the adoption of RWA.
“Incompatibility with DEFI … fragmented transversal liquidity … High and volatile transaction costs … Safety models of the inadequate network … and institutional regulatory concerns”, said an extract from the ad.
The network has designed the ONDO channel to respond to these obstacles. It introduces improved security, with validators capable of marking Rwas instead of native crypto token, reducing the risks linked to volatility.
In addition, the presence of Donald Trump Jr., a surprise speaker, added to the excitement of the Ondo summit.
“We are delighted to announce our surprise closing speaker at the Ondo summit: Donald Trump JR! The future of RWAS in the United States is brilliant, and a new leadership has the potential to make the United States the World Crypto Center, “shared the network on X.
Its appearance highlights the growing political and regulatory importance of digital assets on the American market. After the announcement of the L1 launch of Ondo Finance, World Liberty Financial (WLFI), the Trump family project bought $ 470,000 in Ondo tokens. This has carried the total value of the Ondo tokens collected to date at nearly $ 700,000.
“World Liberty Financial exchanged USDC 470,000 at 342,000 ONDO 20 minutes ago. Ondo has dropped by 15% in the last 7 days, but they seem very optimistic about Altcoin, continuing to buy the dive, “said Spotonchain.
Indeed, the Ondo Finance food token continues to negotiate with a lower bias. According to Beincryptto data, the Ondo price is down almost 5%, a merchant $ 1.35 at the time of writing this article.
Nevertheless, the launch of the ONDO channel is essential for the network. Recently, he announced an ambitious initiative, Ondo Global Markets (Ondo GM).
Last week, the firm also revealed plans to launch an American tokenized cash fund on the large XRP book, signaling its wider commitment to extend the RWA ecosystem to several blockchains.
These developments suggest the effort of the network to establish itself as a force majeure in the RWA space. According to data on Rwa.xyz, it classifies the fourth protocol in greater RWA value, with more than $ 653 million in tokenized assets.
The global RWA market approaches $ 17 billion in value, reflecting the increase in institutional demand for chain financial products.
The initiatives of Ondo Chain and Ondo GM could further accelerate this growth, which facilitates institutions to take advantage of blockchain technology for the tokenization of assets while maintaining compliance with regulatory frameworks.
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