New York, Ny-Ondo Finance, the second largest tokenized treasure bond issuer, said it plans to start its own layer of Capa-1 blocks designed for real world assets tokenized in an offer to connect traditional capital markets with Decentralized Finance, the company announced Thursday at its opening summmit of Ondo.
Ondo Chain was prepared to meet institutional compliance standards while maintaining the transparency and accessibility of public blockchains such as Ethereum, the company said. The network will depend on permits to verify transactions and guarantee precise financial data, such as assets and token’s support prices. It will also admit the participation of real world assets and native bridges between blockchains for interoperability.
“Financial markets are late for an update,” said CEO Nathan Allman in a statement. “We are creating an ecosystem that unites the best of traditional finances with blockchain technology.”
The announcement comes the day after Ondo released a tokenization platform that helps to place stocks, bonds and funds in Blockchain Rieles.
Tokenization, or the creation of digital tokens that represent the ownership of traditional assets in a block chain, is gaining traction worldwide. Institutions and even governments are increasingly exploring the process in search of operational efficiency gains such as faster settlements and broader accessibility for investors. The RWA tokenized market could grow to billions of dollars during this decade, have projected reports from McKinsey, BCG, 21Shares and Bernstein.
Recently, several influential leaders in the financial world promoted RWAS as the next financial innovation border.
Larry Fink, CEO of Asset Management Behemoth Blackrock, said the bonds and actions will be negotiated in Blockchain rails in the future and urged regulators and policy formulators of the United States to create rules for security tokens. Vlad Tenev, co -founder and CEO of the Digital Robinhood broker, said that tokenization could democratize access to private capital investment, which is currently limited to accredited investors and rich individuals, and proposed rules changes to unlock tokensized assets investments for Retail investors.
Ondo Finance is the second largest issuer of US Treasury Bonds Offers., According to Rwa.xyz data. American dollar yield tokens (USDY) and short term of the protocol and bonus tokens of the United States Government (OUSG) are at $ 385 million and a market capitalization of $ 268 million, respectively.
