Ondo Finance Launches Global Markets Alliance to Accelerate Tokenized Assets Adoption
Ondo Finance has unveiled the Global Markets Alliance, a strategic partnership with eight prominent cryptocurrency entities, including the Solana Foundation and Bitget Wallet. This collaboration aims to drive the adoption of tokenized assets while establishing interoperability standards for onchain financial assets. The initiative marks a significant step in bridging traditional finance with blockchain technology, facilitating the seamless integration of capital markets onto the blockchain.
Key Participants and Alliance Objectives
The alliance brings together:
- Jupiter Exchange
- Trust Wallet
- Rainbow
- BitGo
- Fireblocks
- 1inch
- Alpaca
Together, these organizations work towards onchain capital markets and new interoperability standards for tokenized stocks.
Ondo Finance’s Pioneering Role in Tokenization
Ondo Finance leads in real-world asset tokenization, recently launching a dedicated layer-1 blockchain for institutional onchain assets. The platform’s tokenized treasury products, secured by US government debt, have drawn nearly $1.4 billion in commitments, with total value locked (TVL) doubling in the past year.
Market Expansion and Future Outlook
The tokenized RWA market surged by 260% this year, fueled by favorable US regulations and growing global demand for US financial products. Excluding stablecoins, the market reached $23 billion in June, led by tokenized private credit and US Treasury bonds. Analysts project 2025 as a pivotal year for tokenized RWAs.
Industry Moves Toward Tokenized Offerings
Leading firms like Alchemy Pay and Robinhood are entering the tokenized assets space. Alchemy Pay partnered with Backed to introduce 55 tokenized US ETFs, while Robinhood plans tokenized stock offerings for European investors.
