The new Decentralized Finance (Defi) project by President Donald Trump works together with Real -World Asset (RWA) Tokenization Protocol ONTO Finance (ONDO) to encourage RWA’s adoption.
In a new thread on the social media platform X, the development team behind ONDO Finance out It works together with World Liberty Financial (WLFI) as a means to bring traditional finances into the world of block chains.
According to ONDO, WLFI adds the tokenized assets from ONDO to-such as the Stablecoin ONDO US Dollar Yield (USDY) and the ONDO Short-term US Treasuries Fund (OUSG)-In its network as Treasury Reserve Activa.
In addition, WLFI planned to integrate USDY, OUSG and other tokenized effects of the upcoming worldwide markets of ONGO on its network as a means to make seamless loans, loans and margin trade possible for eligible customers.
“Through this collaboration, World Liberty Financial is planning to become a strategic employee on ONDO’s trip to scale ONDO Global Markets, a platform designed to make the tokenization of traditional financial assets such as shares and bonds possible. ”
As mentioned by Donald Trump Jr., the “Web3 Ambassador” at WLFI,
“Our collaboration with ONDO financing marks an important step forward in coordinating traditional financial systems with blockchain innovation. By integrating ONDO tokenized assets, we offer our network access to traditional financial assets and new yield options. ”
Current data of Blockchain -Inflooringbedrijf Arkham to show That WLFI currently has around $ 465,000 in ONDO.
ONDO acts for $ 1.37 at the time of writing, an increase of 1.6% during the last 24 hours.
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Featured image: Shutterstock/Natalia Siiatovskaia/Tithi Laadthong