The Oondo Finance is announced the formation of the global market coalition – a partnership in the industry with eight encrypted currencies, maintenance and exchanges – aimed at accelerating the accreditation of the financial assets onchain.
It was announced on Tuesday, and the coalition includes the Solana Foundation, Bitget Wallet, Jupiter Exchang, Trust Wallet, Rainbow, Bito, Fireblocks, 1inch and Alpaca.
ONDO has suggested that more companies can soon join the alliance.
According to ONDo Finance, the initiative seeks to “bring in the Onchain capital markets” and set standards for the interim operation of the distinctive shares.
Oondo Finance focuses on the real world asset icon and recently launched the Blockchain Layer-1 group designed for institutional assets. The platform offers distinctive cabinet products supported by US government debts.
Users have committed approximately $ 1.4 billion for the Ecological system, according to the latest industry data.
Related to: ChainLink, JPMorgan, Ondo Finance Complete Crosschain Treasury Settlement
The distinguished code market in RWA continues to grow
The distinguished RWAS market has grown by 260 % this year, and is partly due to a more suitable organizational environment in the United States and the high demand for American financial products worldwide.
With the exception of Stablecoins, the value of the RWA market reached a total of $ 23 billion as of June, according to the Binance Research report. The growth was led by a symbolic private credit and US Treasury bonds.
Many encryption companies are expanding in the RWA market, and seeks to provide traditional financial assets onchain.
As Cointelegraph mentioned, the Crypto Alchemy Pay Payment Plastic Payment Power is a partnership with the distinguished symbol company supported to launch 55 boxes circulating on the stock exchange. The distinctive assets will be available to the judicial authorities with limited access to the US financial markets.
Meanwhile, the Robinhood retail platform is said to develop symbolic stock offers for European investors, with plans for special credit excellence as well.
Related to: Rwa Packing: How does exporters guarantee 1: 1 connecting with symbolic assets?
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2025-06-17 16:12:00
