Ondo Finance announces its new blockchain project ONDO Chain, aimed at tokenizing real-world assets for institutional clients.
Launch of Ondo Chain
Recently, Ondo Finance revealed its new project 'Ondo Chain'. This layer 1 blockchain is designed for institutional clients, allowing them to tokenize real-world assets. The new network facilitates the creation of applications for managing assets such as banking and wealth management. Although the exact launch date remains unknown, the project is gaining momentum.
Support for ONDO Chain
Ondo Chain will be supported by members from notable companies like BlackRock, PayPal, and Morgan Stanley. Additionally, organizations including Franklin Templeton, WisdomTree, Google Cloud, ABN Amro, Aon, and McKinsey have joined to provide advisory support.
World Liberty Financial Investments
The platform World Liberty Financial, linked to the Trump family, has made significant investments in Ondo Finance. According to Arkham Intelligence, WLF currently holds $470,000 worth of ONDO tokens and other crypto assets amounting to $35.29 million. Experts believe such investments could positively impact the ONDO price.
Ondo Finance continues to expand its horizons with Ondo Chain, and support from major institutional players and investments from World Liberty Financial may be crucial steps towards realizing the company's ambitious plans.
