Solana Foundation and Bitget Wallet Join Ondo Finance’s Global Markets Alliance
In a strategic push to advance tokenized assets, Ondo Finance has formed the Global Markets Alliance. This coalition unites eight major cryptocurrency platforms, including the Solana Foundation and Bitget Wallet, to develop interoperability standards for onchain capital markets.
Tokenized Assets Gain Institutional Traction
Ondo Finance, specializing in real-world asset tokenization, recently introduced a layer-1 blockchain for institutional-grade onchain assets. Its tokenized treasury products, backed by U.S. government debt, have drawn $1.4 billion in commitments. The platform’s total value locked has more than doubled in twelve months.
Tokenized RWAs Show Explosive Growth
The tokenized real-world assets (RWAs) market expanded by 260% this year, fueled by favorable U.S. regulations and global demand. Excluding stablecoins, the sector reached a $23 billion valuation in June, led by tokenized private credit and Treasury bonds.
Industry Adoption Accelerates
Major players are entering the RWA space. Alchemy Pay partnered with Backed to offer 55 tokenized U.S. ETFs in restricted markets. Robinhood plans tokenized stock products for European investors, bridging traditional finance and blockchain.
The Road Ahead for Tokenization
With 2025 projected as a breakout year for RWAs, the Global Markets Alliance positions itself at the forefront of this financial evolution. The collaboration promises to unlock innovative applications for asset tokenization across global markets.
