"Ondo Finance Unveils New Blockchain, Trump-Backed Project Buys $470K in ONDO Tokens"

Ondo Finance, a leading player in the tokenization of real-world assets, has unveiled its plans to launch a new blockchain, Ondo Chain. The project, which aims to accelerate the creation of institutional-grade financial markets on-chain, has garnered significant attention from the crypto community and beyond. Notably, a wallet linked to the World Liberty Financial project, backed by former President Trump, purchased $470,000 worth of ONDO tokens, the native cryptocurrency of Ondo Finance.

Ondo Chain, a layer-1 blockchain purpose-built for institutional-grade real-world assets (RWAs), has been designed with the input of prominent asset managers and tech giants. Franklin Templeton, Wellington Management, WisdomTree, Google Cloud, ABN Amro, and Aon are among the notable design advisors for the Ethereum Virtual Machine-compatible chain. The launch of Ondo Chain is expected to bring more transparency, less fraud, and yield-earning opportunities for clients in the tokenized asset market.

The World Liberty Financial project, which provides borrowing and lending services, has been actively purchasing digital tokens in recent months. The project, which has the heavy backing of the Trump brand, recently acquired $470,000 worth of ONDO tokens. The purchase was followed by a surprise appearance by Donald Trump Jr. as the closing speaker at the Ondo Summit event. Trump Jr.'s speech highlighted the potential of cryptocurrency in shaping the future of the U.S. economy and global finance.

Ondo Finance's top asset managers will be able to tokenize their assets, leading to more transparency and less fraud in the market. The Ethereum-based ONDO token is now the 33rd biggest cryptocurrency, with a market cap of $4.3 billion. The launch of Ondo Chain is a significant step forward in the evolution of institutional-grade blockchain infrastructure, and it is expected to play a crucial role in the tokenization of financial markets.