New York, Ny – Ondo Finance, the second tokenized treasures transmitter, said that she planned to start her own layer 1 blockchain designed for real tokenized assets in order to connect traditional capital markets with decentralized finances, announced the company on Thursday to its inaugural Ondo Summit.
The ONDO channel has been designed to meet institutional compliance standards while maintaining the transparency and accessibility of public blockchains like Ethereum, said the company. The network will be based on authorized validators to verify transactions and guarantee precise financial data, such as asset prices and tokens support. It will also support the milestone of the active world tokenized and the native bridging between blockchains for interoperability.
“The financial markets are late for an upgrade,” CEO Nathan Allman said in a statement. “We create an ecosystem that folds the best of traditional finance with blockchain technology.”
The announcement comes the day after the Ondo unveiled a tokenization platform which helps to place the shares, bonds and funds on blockchain rails.
Tokenization, or the creation of digital tokens which represent the property of traditional assets on a blockchain, gain fields on a global scale. Institutions and even governments are increasingly exploring the process in pursuing operational efficiency gains as rapid establishments and broader accessibility of investors. The Rwa tokenized market could reach billions of dollars during this decade, McKinsey, BCG, 21Shares and Bernstein reports projected.
Recently, several influential leaders in the financial world have presented Rwas to Tokenized as the next border of financial innovation.
Larry Fink, CEO of Asset Management Behemoth Blackrock, said that obligations and shares will be negotiated on blockchain rails in the future and have urged American regulators and decision -makers to create safety tokens. Vlad Tenev, co-founder and CEO of Digital Brokerage Robinhood, said that tokenization could democratize access to investment in investment, which is currently limited to accredited investors and rich individuals, and has proposed changes of Rules to unlock asset investments in Tokenized for retail investors.
Ondo Finance is the second US Treasury Treasury Treasury token, according to Rwa.xyz data. US and short -term (USDY) and short -term (USDY) and short -term (USG) dollar yields are respectively $ 385 million and $ 268 million in market capitalization.
