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Ondo Finance and Capital Panther launched a fund of $ 250 million to accelerate investment in tokenized assets in the real world (RWAS), Axios reported July 3.
According to the Fund, Ondo Catalyst, it will invest in stock shares and tokens developing tokenized versions of traditional financial assets.
Ian de Bode, Chief Strategic Director of Ondo, said Newswire that the tokens market witnessed a “arms race”, because the stock exchanges and protocols are expanding to tokenized shares and offer of funds traded on the stock exchange.
Recent initiatives reflect this dynamics. Robinohood launched a blockchain layer 2, which allowed European clients to trade with tokenized American shares and ETF.
In May, Kraken announced plans to offer tokenized US stock trading in US investors outside the US, while Coinbase is reportedly monitored by regulatory consent to the provision of tokenized shares.
This year, Ondo Finance expands its role in the capital markets based on blockchain. The company launched Ondo Global Markets to connect traditional finances with blockchain infrastructure and create a global alliance in markets with other crypto companies to control adoption.
Tokenized RWA brand
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Author
Assad Jafri
Even, a passionate journalist from the Yemeni Arab Spring in 2011, chased their skills around the world for more than ten years. He specializes in financial journalism and now focuses on cryptological news.
