Ondo Finance rolls out Global Markets Alliance to advance tokenized securities

Source Fxstreet
  • Ondo Finance announced the Global Markets Alliance, a crypto-focused alliance aimed at providing smooth standards for tokenized securities.
  • Ondo Finance also plans to launch a tokenization platform called Ondo Global Markets.
  • ONDO is down over 10% despite the announcement. 

ONDO saw double-digit losses on Tuesday despite Ondo Finance's announcement that it has launched the Global Markets Alliance, comprising crypto wallet providers, exchanges, and institutional custodians to improve the adoption of tokenized real-world assets (RWAs).

ONDO dips amid launch of Global Markets Alliance

Ondo Finance announced the launch of the Global Markets Alliance, a coalition focused on establishing shared standards and infrastructure for tokenized real-world assets (RWAs), according to a press release issued on Tuesday. The alliance brings together crypto wallet providers, exchanges and custodians to drive adoption and interoperability for RWAs.

The founding members of the Global Markets Alliance include the Solana Foundation, Bitget Wallet, Trust Wallet, Rainbow Wallet, Jupiter, BitGo, Fireblocks, 1inch and Alpaca. The group aims to expand access to tokenized securities among retail and institutional users.

"With Ondo Finance's blockchain‑native infrastructure, wallets, exchanges, and other partners will be able to seamlessly offer both crypto and traditional financial products side by side. We're thrilled to collaborate with leading platforms to ensure a seamless, secure, and interoperable experience for investors globally," said Nathan Allman, CEO of Ondo Finance.

Each partner will adopt Ondo's tokenized asset standards to provide access to on-chain real-world assets (RWAs). Bitget Wallet, Trust Wallet and Rainbow Wallet allow users to store and manage these assets through self-custody. Jupiter and 1inch will simplify the wallet integration of real-world assets with deep liquidity.

On the other hand, institutions like BitGo will provide regulated custody services across various jurisdictions, focusing on qualified solutions to meet compliance standards. This will include support for "off-exchange settlement" to reduce trading risk, reflecting traditional finance market structures.

Meanwhile, Fireblocks will deliver secure wallet technology powered by multi-party computation (MPC) for fast institutional trading, while Alpaca will offer brokerage trading support for tokenized securities.

The alliance comes as Ondo Finance prepares to launch Ondo Global Markets. Ondo Global will serve as a tokenization platform, enabling apps and wallets to provide non-US users with access to on-chain US public securities, including stocks, ETFs, and mutual funds.

Ondo Finance has also been working with Chainlink to test cross-chain Delivery versus Payment (DvP) transactions with JPMorgan Chase's blockchain arm, Kinexys.

ONDO, the native token of Ondo Finance, has declined by 10% over the past 24 hours despite the recent announcement.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin ETF Inflows For 2025 Now Outpace 2024, Data ShowsUS Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
Author  Bitcoinist
Jul 16, Wed
US Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
placeholder
Gold Price Forecast: XAU/USD gains momentum to near $3,650, eyes on US CPI releaseThe Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday.
Author  FXStreet
Sep 11, Thu
The Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday.
placeholder
What to expect from Ethereum in October 2025With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
Author  Beincrypto
Sep 30, Tue
With broader sentiment worsening, user demand falling across the Ethereum network, and institutional investors pulling back, the coin faces mounting headwinds in October.
placeholder
Copper heads for weekly gain, aided by supply disruptionsCopper prices rose for the third consecutive session on Friday and are set for a weekly gain.
Author  Reuters
18 hours ago
Copper prices rose for the third consecutive session on Friday and are set for a weekly gain.
placeholder
WTI Oil edges up to $61.00 with concerns about oversupply weighingThe US benchmark West Texas Intermediate Oil is posting moderate gains on Friday, trading at $61.00.
Author  FXStreet
18 hours ago
The US benchmark West Texas Intermediate Oil is posting moderate gains on Friday, trading at $61.00.
goTop
quote