- ONDO launched the Ondo Chain to link tokenized assets with decentralized finance.
- Trump Jr. supported the summit, urging balanced regulation for crypto innovation.
- ONDO token’s market activity surged with $700 million in 24-hour trading volume.
Ondo Finance launched its layer-1 blockchain, Ondo Chain, aimed at bridging decentralized finance (DeFi) with traditional capital markets. At the Ondo Summit on Thursday, the platform revealed its integration with tokenized real-world assets (RWAs), including exchange-traded funds (ETFs), U.S. stocks, and bonds, into the DeFi ecosystem. To provide institutional investors with a compliant and secure infrastructure, Ondo Chain blends blockchain transparency with regulatory standards, offering a transformative solution to global financial markets.
Institutional Backing Bolsters Ondo Chain’s Potential
The Ondo Summit highlighted the involvement of major financial institutions, including WisdomTree, Wellington Management, and Franklin Templeton. These firms contributed to the platform’s architecture, ensuring it meets institutional requirements while remaining accessible to developers and innovators. The use of permissioned validators was underscored as a key feature of Ondo Chain, promoting security and compliance within the network.
Donald Trump Jr. Advocates Crypto Innovation at the Ondo Summit
Donald Trump Jr. delivered the closing speech at the Ondo Summit, emphasizing the importance of cryptocurrency for maintaining American economic leadership. Calling crypto “the future of American hegemony,” he urged for a balanced regulatory framework to foster innovation without stifling the sector’s core principles. Further, he said,
We do have to create that framework in which [crypto], which I believe to be the future of finance, where we can play, where there is an understanding of what that is but also where it’s not so over-regulated by people who don’t know what they’re talking about that you lose everything that it stands for.
His remarks coincided with WLF’s ONDO investment and plans to establish a strategic reserve of crypto assets, reflecting the Trump family’s commitment to digital innovation.
World Liberty Financial (WLF), a decentralized banking platform supported by Donald Trump and his family, made headlines with a $470,000 investment in ONDO tokens coinciding with the blockchain’s announcement. Arkham Intel’s data revealed WLF acquired 342,000 ONDO tokens through the CoW Protocol, using USDC. This marks the platform’s continued interest in blockchain-based financial markets, following its $245,000 ONDO purchase two months earlier.
These tokens were subsequently transferred to Coinbase Prime, suggesting strategic asset management by WLF. Additionally, WLF has diversified its holdings with investments in Wrapped Bitcoin (WBTC) and TRX, indicating a long-term interest in digital assets.
Related: Top 5 Real World Asset (RWA) Tokens Making Waves – Next Price Target?
ONDO Token Gains Momentum Amid Key Developments
Following these announcements, Ondo Finance’s ONDO token is trading at $1.37, marking a 2.15% monthly increase, according to CoinMarketCap. The token has a circulating supply of 3.15 billion ONDO, with a market capitalization of $4.32 billion and a fully diluted valuation (FDV) of $13.68 billion.
Source: CoinMarketCap
Market activity has surged, as evidenced by an 18.46% increase in 24-hour trading volume, totaling $700.4 million. With nearly 99,400 token holders, ONDO’s growing popularity aligns with the blockchain advancements and institutional backing unveiled at the summit.
