The Defit Ondo Finance and Venture Company Plan Plan Plan Plan Plan Protocol to increase investments in active world (RWAS), highlighting the growing industry accent on tokenization in the midst of favorable regulatory developments in the United States.
The two companies informed Axios Let them plan to invest $ 250 million in RWAS through a new fund called Ondo Catalyst. Ondo’s strategy director Ian de Bode said the funds will be invested to acquire participations and tokens in emerging projects.
“We see a little arms race at the moment” on the tokenization market, said from Bode to Axios, referring to the wave of companies entering space. Exchanges in particular focus on tokenized shares and the stock market offers on the stock market (ETF).
As Cintelelegraph recently reportedThe digital brokerage company Robinhood has launched a new layer 2 blockchain to allow European customers to negotiate American actions and FNB in token.
In May, Kraken announced plans To offer American-toe-token share exchanges to investors outside the United States.
In the meantime, Crypto exchange Coinbase would continue regulatory approval To offer token actions, a decision that would help him compete with Robinhood and other trading platforms.
Ondo Finance has increased its thrust in Onchain’s finance, recently announcing the formation of a World market alliance With several cryptographic companies to stimulate the adoption of the blockchain -based capital markets. On Thursday, the company announced that OKX Wallet had joined the alliance.
Earlier this year, the company Launched the World Ondo markets To bring traditional financial markets to the blockchain.
In particular, Ondo is supported by the founding fund of Peter Thiel, which supports efforts to build a New cryptographic friendly bank.
In relation: ChainLink, Jpmorgan, Ondo Finance Complete Crosschain Treasury Settlement
The Rwa tokenized market grows
The efforts to build a new tokenized economy are supported on several levels through industry and the government, the president of the American Commission for Securities and the Exchange (SEC) Paul Atkins undertakes to create tokenization innovation paths.
Following a regulatory era marked by “application regulations”, Atkins SEC now focuses on “how to advance innovation on the market,” he told CNBC earlier this week.
A Recent industry report Co-written by Redstone, Gauntlet and Rwa.xyz found that the Rwa tokenized market has increased up to 380% from 2022, reaching 24 billion dollars in June. In particular, this figure excludes stablescoinswhich are collectively evaluated at more than $ 250 billion.
Redstone’s report has revealed that the US private credit and debt are the main drivers of growth in RWAS.
Review: Bitcoin vs stablecoins.
The circle movement to create a digital currency regulated by the federal government indicates a massive jump to the integration… Upexi, a brand owner specializing in the management of the supply chain, is diversifying in the cryptocurrency sector. On April… The intensification of conflicts of the Middle East and the currency of geopolitical risk trigger a dramatic realignment of the…Related Posts
Circle Seeks Approval to Launch ‘First National Digital Currency Bank’
Upexi, listed in Nasdaq, accumulates 630% after an increase of $ 100 million, Sol Treasury
Markets Enter Uncharted Chaos as Iran Strike Forces Brutal Portfolio Resets