- Ondo Finance is launching a dedicated layer-1 blockchain focused on institutional real-world asset tokenization.
- Major financial institutions including BlackRock, Paypal, and Morgan Stanley are serving as advisors.
- The platform will be accessible to all users for token creation and app development.
- World Liberty Financial plans to establish a strategic reserve using platform tokens.
- New advisory members include Franklin Templeton, WisdomTree, and Google Cloud.
Ondo Finance is expanding its digital asset infrastructure with the launch of Ondo Chain, a new layer-1 blockchain specifically designed for institutional-grade real-world asset (RWA) tokenization. The platform, announced during the company’s New York summit on February 6, aims to bridge traditional finance with blockchain technology.
The initiative represents a significant advancement in the RWA tokenization space, where traditional assets like bonds, real estate, and commodities are converted into digital tokens on a blockchain. This development comes as institutional interest in digital assets continues to grow, despite previous market volatility.
Chase Herro, co-founder of World Liberty Financial, revealed plans to create a strategic reserve utilizing platform tokens, including the native ONDO token. This move suggests a long-term commitment to the platform’s ecosystem and potential value appreciation.
The project has attracted an impressive roster of advisory members from both traditional finance and technology sectors. Alongside existing advisors BlackRock, PayPal, and Morgan Stanley, new additions include Franklin Templeton, WisdomTree, Google Cloud, ABN Amro, Aon, and McKinsey.
Layer-1 blockchains, which operate as primary networks rather than scaling solutions built on top of existing chains, have historically faced challenges in institutional adoption. Ondo Chain’s focus on regulatory compliance and institutional requirements could help overcome these traditional barriers while maintaining blockchain’s core principles of accessibility and transparency.
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