Ondo Finance announced the formation of the Global Markets Alliance, uniting nine leading crypto firms to standardize tokenized securities. This is an important step toward improving access to tokenized assets outside the United States.
Alliance Goals and Participants
The alliance includes participants such as the Solana Foundation, BitGo, Fireblocks, and Trust Wallet. It aims to enhance interoperability for tokenized securities and simplify access to traditional financial products. Each company contributes specialized services to the initiative, such as integrating tokenized asset standards and supporting programmatic access via exchanges.
Focus on Technical Standards and Compliance
Alliance members will work to align technical and compliance standards for tokenized securities. Emphasis will be placed on improving cross-platform liquidity and implementing self-custody solutions and on-chain trading capabilities. No specific timeline for implementation has been established, indicating a broader trend towards integrating traditional finance into blockchain systems.
Analysis and Growth of the ONDO Token
During the announcement of the alliance, the ONDO token showed positive dynamics with a 1.5% increase. Technical analysis revealed key support at $0.755 and a breakout at the $0.765 resistance level. Despite minor declines in the following hours, the token demonstrates signs of possible reversal.
The creation of the Global Markets Alliance fuels Ondo Finance's strategic efforts to standardize tokenized securities infrastructure across major cryptocurrency platforms. With the token showing growth and forecasts for the future, the initiative strengthens the company's position in integrating traditional finance into blockchain.
