"Ondo Finance Launches ONDO Chain, Tokenization for US Securities; Price Hits ATH?"

Ondo Finance Launches ONDO Chain and Tokenization for US Securities, Price To ATH?

Ondo Finance, a leading blockchain-based financial services provider, has launched ONDO Chain, a Layer 1 blockchain designed to enhance institutional adoption of tokenized real-world assets (RWAs). The launch aims to bridge traditional financial markets with decentralized finance (DeFi) by offering compliance-focused infrastructure.

World Liberty Financial, a decentralized finance platform backed by Donald Trump and his family, invested $470,000 in ONDO tokens on the same day as the blockchain announcement. The firm swapped USDC for 342,000 ONDO tokens through CoW Protocol, marking its second purchase in two months.

ONDO token has experienced fluctuations following the announcement, trading at $1.298, down 3.7% in the past 24 hours. Technical analysts are monitoring ONDO’s price levels, with a break above $1.50 potentially leading to further gains, targeting $1.64, $1.94, and $2.10.

Sui Collaborates With Libre Capital for On-chain Fund Options: Will It Boost SUI Price?

The Sui blockchain has partnered with Libre Capital to allow users to invest in a wide range of on-chain funds, including hedge funds, private credit funds, and money market funds. The collaboration focuses on providing accredited investors access to top-performing funds through the Libre Gateway launch on Sui.

Despite the bearish trend, the SUI price is set for a bullish ascendance, targeting $5.5. Analysts Crypto Tony and TraderPA have projected a potential rally for the altcoin, although it remains unclear if it will break the barricades of the negative zone.

Tokenized RWAs go onchain as Ondo Finance launches institutional L1 blockchain

Ondo Finance has announced the launch of a new layer 1 blockchain designed to accelerate institutional adoption of real-world assets. Ondo Chain, built as part of Ondo (ONDO)’s push to bring capital markets onchain, is an L1 blockchain purpose-built for institutions.

The RWAs-focused chain, which the Ondo team announced on Feb. 6, is the infrastructure that will support Ondo