Trump's WLFI Partners with Ondo Finance to Bridge Traditional Finance and Blockchain

Generado por agente de IACoin World
miércoles, 12 de febrero de 2025, 6:10 pm ET1 min de lectura
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President Trump's World Liberty Financial (WLFI) has announced a strategic partnership with Ondo Finance (ONDO), a real-world asset (RWA) tokenization protocol, to enhance RWA adoption in the decentralized finance (DeFi) space. The collaboration aims to bridge the gap between traditional finance and blockchain technology.

According to Ondo Finance, WLFI will integrate 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. Additionally, WLFI plans to integrate USDY, OUSG, and other tokenized securities from Ondo's upcoming global markets into its network, enabling seamless borrowing, lending, and margin trading for eligible customers.

Donald Trump Jr., the "Web3 Ambassador" at WLFI, expressed his enthusiasm about the collaboration: "Our partnership with Ondo Finance represents 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."

Data from blockchain intelligence firm Arkham shows that WLFI currently holds approximately $465,000 worth of ONDO. At the time of writing, ONDO is trading at $1.37, representing a 1.6% increase over the last 24 hours.

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