Ondo Finance Unveils New Framework for Tokenizing RWAs
ONDO Finance revealed the update of its real world assets (RWA) Token Platform, ONDO Global Market (ONDO GM).
The company aims to bring a chain to its link to completely change its link by bringing bonds, bonds and ETFs (exchange trading funds). This reflects the liquidity and availability provided by Stablecoins for the legal currency.
ONDO Finance unveiled
ONDO Finance emphasized in a statement about X (previously Twitter) that the traditional investment ecosystem is full of low efficiency. It quotes high costs, limited access, transfer friction and hidden risks. These risks have hindered market participation and innovation for decades.
With ONDO GM, the company tries to solve these problems. It will use blockchain technology to create more transparent and more effective financial markets.
“When we first consider how to open the risk of public transaction securities statementEssence
Initially, the company imagined a model, in this model, token explained the customer of the traditional broker dealer in a complete permitted system. However, after interacting with major stakeholders (including developers, traditional finance partners and government officials), it is obvious that it needs to be more open and easier to get.
The new framework of ONDO GM will enable the issuer to Similar to stable transferabilityEssence This mechanism will ensure that the compliance is embedded Safety The measurement in the distribution layer. This paradigm change can democratize the financial market by reducing costs, increasing the availability, and eliminating transfer friction.
ONDO Finance’s latest announcement has consolidated the company’s status as a leader RWA token space. ONDO is the fourth largest agreement (excluding Stablecoins) of RWA’s total value, with assets of more than $ 637 million. The overall industry of RWA is booming, with a total value of more than 17 billion US dollars.
This milestone was recently recently Announce the plan for the launch plan Tags on the XRP LEDGER U.S. Financial FundEssence The move announced a week ago shows that the company is committed to expanding the commitment and the promise of its chain financing plan. Further combine blockchain technology with institutional financial tools.
However, it is still worried that the joint venture will respond to challenges such as scattered liquidity and institutions of cross -chain stores.
“If there is no real interoperability, how will you deal with challenges such as scattered liquidity and the use of cross -chain institutions?” A user PoseEssence
Nevertheless, ONDO GM announced the day before New York’s expectation of ONDO SUMMIT. This event will begin on Thursday and be on Top encryption news this weekThere will be participants in major industries.
Among them, Franklin Templeton, Franklin Templeton, BlackstoneAnd loyal investment, wait, etc., all participants RWA ecosystemEssence ONDO Finance has been establishing the motivation to advance to the summit, which implies the major development of the financial industry.
“… A bold new vision of Wall Street will be unveiled on the top of the mountain,” ONDO Finance has explain In the post.
This shows that the summit will focus on the traditional financial market and Blockchain technology.
Despite this news, the response to the EDO Finance’s electricity tokens is quite soft. Beincrypto data show Since the opening of the meeting on Wednesday, ONDO has increased by 1.37 %. As of writing this article, its transaction price is $ 1.35.
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