Ondo Finance and venture firm Pantera Capital have announced the launch of the new Ondo Catalyst fund, aimed at investing $250 million in the tokenization of real-world assets.
Investment in Real-World Assets
Both companies announced their investment plans through the Ondo Catalyst fund, which will focus on acquiring equity stakes in companies and tokens in emerging projects. Ian De Bode, the Chief Strategy Officer of Ondo, highlighted the competitive landscape in the tokenization market.
Growth of the Tokenized Asset Market
Recent data shows a significant increase in the tokenized real-world asset market, which has grown by 380% since 2022, reaching a valuation of $24 billion as of June 2023. The main growth drivers are private credit and U.S. government debt.
Regulatory Changes and Innovation Support
U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins emphasizes the importance of creating pathways for tokenization innovations. This follows a regulatory era characterized by enforcement, with the SEC now focusing on supporting marketplace innovations.
The investments by Ondo Finance and Pantera Capital in real-world asset tokenization reflect the increasing interest in this area and underscore the significance of regulatory support for the sector's development.
