Decentralized Finance Forum ONDO Finance has announced the formation of the Global Markets Alliance – an industry partnership with eight cryptocurrency wallets, custodians and exchanges – aimed at expediting the adoption of onchen financial assets.
An announced on Tuesday, Alliance includes Solana Foundation, Bitt Wallet, Jupiter Exchange, Trust Wallet, Rainbow, Bitgo, Fireblock, 1 inch and Alpaka.
Ondo’s announcement suggested that more companies may soon join the alliance.
According to Ondo Finance, the initiative looks for “bringing the capital markets oncha” and sets standards for the difference of token stock.
Ondo Finance focuses on real -world asset tookation and has been launched recently Layer -1 blockchain Concerns for institutional onchain assets. Provides platform Token treasure product Supported by US government loan.
According to the latest industry data, users have performed approximately $ 1.4 billion for the Ondo ecosystem.
Connected: Chanlink, JP Morgan, Ondo Finance Full Crosschain Treasury Settlement
RWA tokening market continues to grow
Token is the market for rwas This year grown up to 260%Inspired by a more favorable regulatory environment in the United States and increasing demand for US financial products globally.
Except for Stabechines, according to a Binense Research Report, the total RWA market was $ 23 billion till June. The lead of development is token by private credit and American Treasury Bond.
Many crypto companies are expanding in the RWA market, demanding to bring traditional financial assets.
As Reported by cointelegraphThe Crypto Payment Platform Alchemy Pay has participated with the supporting firm supported to launch 55 token US exchange-traded funds. The assets of tokens will be available to courts with limited access to US financial markets.
Meanwhile, retail trade platform Robinhood is allegedly developing Token Stock Prasad for European investors, Plan to token private credit Too.
Connected: RWA Backing: How do Issue Ensure 1: 1 with property of peg tokens?
