World Liberty Financial (WLFI) acquired 342,000 ONDO tokens amid Ondo Finance's announcement of a new blockchain targeting financial institutions, marking a new phase in integrating traditional and digital assets.
WLFI's acquisition of ONDO tokens
Recently, WLFI, supported by Donald Trump, acquired 342,000 ONDO tokens through CoW Protocol, converting $470,000 in USDC. This follows a prior investment of $245,000 in the same tokens.
Ondo Finance innovations with new blockchain
Ondo Finance announced the Ondo Chain, a blockchain aimed at financial institutions, providing access to tokenized assets and traditional financial instruments such as stocks, bonds, and ETFs. This blockchain combines open accessibility with permissioned validators to meet regulatory requirements.
Market analysis and ONDO prospects
In the crypto market, the ONDO token is in a consolidation phase. Its price stabilized around the $1.20 support level, with a resistance level at $1.50. Breaking this level might indicate a positive market sentiment.
WLFI's strategic moves to diversify its crypto assets, alongside the development of Ondo Chain, highlight the importance of bridging traditional finance with blockchain technology for the future of financial markets.
