Ondo Finance bridges to Solana, integrating its yield-bearing USDY asset and Decentralized Verifier Community. Will Solana drive the subsequent RWA growth?
Ondo Finance is a pacesetter in tokenizing real-world belongings (RWA). On this platform, companies like BlackRock can convert U.S. Treasuries into digitized variations which are obtainable on-chain for clear auditing. In keeping with Coingecko, the mission is among the many most useful within the sector, and its token, ONDO, is taken into account one of many greatest cryptos to purchase in 2025.
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Ondo Finance Expands to Solana
Yesterday, the RWA tokenization platform introduced its growth to Solana, a blockchain recognized for internet hosting quite a few meme cash.
This bridge to Solana will combine Ondo Finance’s flagship tokenized treasury asset, USDY.
This transfer to Solana is strategic. In comparison with Ethereum, Solana is extra scalable and helps a vibrant ecosystem of prime DeFi tasks and high-value meme cash price billions within the secondary market. May this choice place Solana as a key participant within the subsequent RWA growth?
BlackRock executives predict the RWA trade will develop quickly over the subsequent 5 years. Larry Fink desires the US SEC to approve the tokenization of securities like bonds and shares.
With Ondo Finance bridging to Solana, the staff introduced that its proprietary Decentralized Verifier Community (DVN) will even go reside.
This can enable Solana customers to connect with the Ondo Chain, Ethereum, and different Ethereum-compatible platforms like Mantle and Arbitrum.
The timing is strategic, as USDY is already thriving on Solana, with a complete worth locked (TVL) of over $160 million and 1000’s of energetic customers.
The announcement follows Ondo Finance’s launch of its RWA-focused platform in February, concentrating on institutional shoppers.
As reported by 99Bitcoins, Ondo Chain, a permissioned layer-1 blockchain, ensures compliance with regulatory frameworks, permitting vetted companies to function transparently.
Integration with Solana enhances Ondo Chain, doubtlessly attracting extra customers to the platform.
Following BlackRock’s Lead: Will ONDOUSDT Surge?
This transfer comes after BlackRock, a number one asset supervisor, expanded its tokenized fund, BUIDL, to Solana in March, transitioning from Ethereum.
One of the best belongings need to be in every single place.
Blockchains make that potential.@calilyliu on BlackRock’s BUIDL fund just lately increasing to Solana — and why tokenized treasuries are simply the beginning of web capital markets. pic.twitter.com/cV2zgKYGry— Solana (@solana) April 18, 2025
It additionally sends alerts that conventional finance giants view Solana as institution-ready, prompting early positioning. Ondo Finance seems to align with this pattern by following BlackRock’s lead.
For now, supporters count on extra treasuries to be tokenized. At present, its short-term U.S. authorities treasuries fund, OUSG, manages over $420 million in belongings and provides accredited establishments a 4.07% annual yield. In the meantime, USDY offers a 4.25% yield to non-U.S. shoppers.
ONDO, the governance token, is at present underneath strain, struggling to recuperate from Q1 2025 weaknesses.
(ONDOUSDT)
If the token breaks above $1.05, it may retest $1.25 and attain $1.65 in a bullish pattern continuation.
Is 2025 the 12 months of tokenization?
@OndoFinance‘s Founder & CEO @nathanlallman says sure.
Ondo is residence to $USDY and $OUSG, which have market caps of ~$600M and $420M, respectively
His staff is banking massive (pun meant) that onchain finance will change all the pieces for crypto… pic.twitter.com/VcFwAJ7Kur
— Jacquelyn Melinek (@jacqmelinek) Might 1, 2025
Ought to RWAs drive crypto development in 2025, as predicted by Nathan Allman, the founding father of Ondo Finance, ONDO may rip greater. In flip, this may increasingly funnel extra capital to among the hottest presales in 2025.
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Ondo Finance Bridges to Solana: Will ONDO Lead the 2025 RWA Boom?
- Ondo Finance expands to Solana, integrates USDY
- Solana is more and more enticing for establishments after BlackRock migrated the BUIDL fund
- RWA is projected to command over $1 trillion in 5 years
- Will ONDOUSDT recuperate after losses in Q1 2025?
The submit Ondo Finance Bridges to Solana: Will the Next RWA Boom Be Driven on this Meme Coin Hub? appeared first on 99Bitcoins.