World Liberty Financial, the crypto fund associated with the Trump family, has increased its investment in Ondo (ONDO) tokens following the launch of Ondo's new L1 chain. This step aligns with the fund's vision to support projects made in the USA and bolster its crypto asset holdings.
World Liberty Fi Reorganizes Portfolio
The fund acquired 342K ONDO tokens for 470K USDC, rebuilding its reserves after previous reallocations. World Liberty Fi has effectively utilized ONDO's short-term volatility for trading in the past. Following the news, ONDO's value appreciated to $1.34.
Ondo Finance Advances RWA Tokenization
Ondo Finance has launched a new L1 chain for real-world asset (RWA) tokenization, emerging as a major project to bridge traditional finance and blockchain. The project is designed to be institution-grade, with features enhancing reliability and transparency.
New Opportunities and Strategies by Ondo Finance
Ondo Finance continues to innovate with products based on US short-term government bonds and introduces its stablecoin USDY. This strategy aims to strengthen its international presence by providing investors with yield-bearing assets.
World Liberty Financial and Ondo Finance are at the forefront of DeFi innovations and asset tokenization. These efforts pave the way for new synergies between traditional finance and blockchain, presenting growth and development opportunities in the crypto space.
