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Ondo Finance and Pantera Capital person launched a $250 cardinal money to accelerate investments successful tokenized real-world assets (RWAs), Axios reported connected July 3.
According to the report, the fund, named Ondo Catalyst, volition put successful equity stakes and tokens of projects processing tokenized versions of accepted fiscal assets.
Ian De Bode, main strategy serviceman astatine Ondo, told the newswire that the tokenization marketplace is witnessing an “arms race” arsenic exchanges and protocols grow into tokenized stocks and exchange-traded money offerings.
Recent initiatives bespeak this momentum. Robinhood launched a layer-2 blockchain to alteration European clients to commercialized tokenized US stocks and ETFs.
In May, Kraken announced plans to connection tokenized US banal trading to investors extracurricular the United States, portion Coinbase is reportedly pursuing regulatory support to supply tokenized equities.
Ondo Finance has been expanding its relation successful blockchain-based superior markets this year. The steadfast launched Ondo Global Markets to link accepted concern with blockchain infrastructure and formed a Global Markets Alliance with different crypto companies to thrust adoption.
The tokenized RWA mark
The station Pantera, Ondo motorboat $250M money to thrust RWA tokenization appeared archetypal connected CryptoSlate.
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