- A wallet linked to World Liberty Financial purchased 342,000 ONDO tokens worth $470,000 USDC.
- The Trump-backed DeFi platform previously invested $245,000 in ONDO tokens two months ago.
- Ondo Finance announced plans to launch its own layer-1 blockchain for tokenized assets.
- ONDO token price currently stands at $1.298, down 3.7% in the last 24 hours.
- The wallet has also been accumulating other digital assets including TRX and wrapped Bitcoin.
A cryptocurrency wallet associated with World Liberty Financial, the Trump family-backed decentralized finance platform, has expanded its position in Ondo Finance with a $470,000 investment in ONDO tokens, according to blockchain analytics firm Arkham Intelligence.
The investment comes as Ondo Finance, which specializes in tokenized Treasury securities, acquired approximately 342,000 ONDO tokens through the CoW Protocol, a decentralized exchange aggregator. This follows an earlier $245,000 investment made two months ago, with those tokens recently transferred to Coinbase Prime, the institutional trading platform.
The timing coincides with Ondo’s announcement of developing its own layer-1 blockchain, specifically designed to handle tokenized traditional assets. Layer-1 refers to a Base Blockchain protocol, similar to Ethereum or Bitcoin, that processes and finalizes transactions on its own network.
The broader cryptocurrency market has experienced a downturn, with the CoinDesk 20 Index dropping 3.1%. This market pressure has affected ONDO’s token price, which currently trades at $1.298, representing a 3.7% decline over the past 24 hours.
World Liberty Financial’s investment strategy appears to be diversifying across the cryptocurrency sector, with the wallet also accumulating TRX (Tron‘s native token) and WBTC (wrapped Bitcoin, an ERC-20 token backed 1:1 by Bitcoin), suggesting a broader institutional approach to digital asset investment.
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