The post Trump’s WLFI Joins Forces with Ondo Finance to Tokenize Real-World Assets appeared first on Coinpedia Fintech News
In a latest development, the Trump family’s crypto project WLFI and Ondo Finance have announced a strategic partnership to promote the adoption of tokenized real-world assets (RWA) and bring traditional finance on-chain.
Notably, as part of the partnership, WLFI is considering adding Ondo’s tokenized assets, like the US Dollar Yield token (USDY) and Short-Term US Government Treasuries (OUSG), as reserve assets in its network. WLFI also plans to integrate these tokenized assets and securities into the WLFI platform, providing its users with lending and margin trading options.
A Shift In WLF’s Strategy
After investing millions in Ethereum (ETH), Donald Trump’s pro-crypto firm, World Liberty Finance (WLF), has recently shifted its focus to Ondo (ONDO), marking a strategic change in its investment strategy.
Recently, WLF spent $4.7 million USDC to acquire 342,000 ONDO tokens. This move coincided with the launch of Ondo Chain, a permissioned Layer 1 blockchain designed to tokenize real-world assets for institutional finance. The investment caused ripples in the crypto market, driving ONDO’s price higher while other major cryptocurrencies struggled.
Strategic Reserve Of Digital Assets
What’s more? World Liberty Financial has also unveiled plans to establish a strategic reserve of digital assets. The announcement was revealed at the Ondo Finance Summit in New York, where WLF co-founder Chase Herro shared the company’s vision for the future of tokenization and decentralized finance (DeFi).
This move aligns with Trump’s growing involvement in the crypto world, where he has advocated for fair digital asset regulations and suggested the creation of a national Bitcoin reserve. WLF’s initiative could pave the way for greater crypto adoption in both institutional and government sectors.