tl;dr
President Donald Trump's new decentralized finance (DeFi) project is teaming up with Ondo Finance (ONDO) to promote real-world asset (RWA) tokenization. Ondo is collaborating with World Liberty Financial (WLFI) to integrate Ondo's tokenized assets, such as the stablecoin Ondo US Dollar Yield (USDY) ...
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President Donald Trump's DeFi Project Collaboration President Donald Trump’s DeFi project partners with Ondo Finance to boost RWA adoption
Ondo Finance collaborates with World Liberty Financial to integrate tokenized assets into its network
World Liberty Financial plans to become a strategic collaborator in Ondo’s journey to scale Ondo Global Markets
President Donald Trump's new decentralized finance (DeFi) project is teaming up with Ondo Finance (ONDO) to promote real-world asset (RWA) tokenization. Ondo is collaborating with World Liberty Financial (WLFI) to integrate Ondo's tokenized assets, such as the stablecoin Ondo US Dollar Yield (USDY) and the Ondo Short-Term US Treasuries Fund (OUSG), into WLFI's network as treasury reserve assets. WLFI plans to incorporate these assets into its network to enable borrowing, lending, and margin trading for eligible customers. Donald Trump Jr., the "Web3 Ambassador" at WLFI, expressed that the collaboration marks a significant step in aligning traditional financial systems with blockchain innovation. WLFI currently holds about $465,000 worth of ONDO, which is trading for $1.37 at the time of writing, reflecting a 1.6% increase in the last 24 hours.
President Donald Trump’s new decentralized finance (DeFi) project is partnering with real-world asset (RWA) tokenization protocol Ondo Finance (ONDO) to boost RWA adoption. In a new thread on the social media platform X, the development team behind Ondo Finance says it’s collaborating with World Liberty Financial (WLFI) as a means of bringing traditional finance to the world of blockchains. According to Ondo, WLFI is adding Ondo’s tokenized assets – such as the stablecoin Ondo US Dollar Yield (USDY) and the Ondo Short-Term US Treasuries Fund (OUSG) – into its network as treasury reserve assets. Furthermore, WLFI is planning on integrating USDY, OUSG and other tokenized securities from Ondo’s upcoming global markets into its network as a means of enabling seamless borrowing, lending, and margin trading for eligible customers.
“Through this collaboration, World Liberty Financial plans to become a strategic collaborator in Ondo’s journey to scale Ondo Global Markets, a platform designed to enable the tokenization of traditional financial assets like stocks and bonds.” As stated by Donald Trump Jr., the “Web3 Ambassador” at WLFI, “Our collaboration with Ondo Finance marks a significant step forward in aligning traditional financial systems with blockchain innovation. By integrating Ondo’s tokenized assets, we’re providing our network with access to traditional financial assets and new yield opportunities.” Current data from blockchain intelligence firm Arkham shows that WLFI currently holds about $465,000 worth of ONDO. ONDO is trading for $1.37 at time of writing, a 1.6% increase during the last 24 hours.