Ondo Finance Plans Expansion of Tokenized Treasury Amid Crypto Bull Market According to Cointelegraph: US Treasury tokenization protocol, Ondo Finance, foresees the intersection of traditional finance and blockchain shortly and is accordingly growing its product offerings. Recently, the protocol opened its first office in Hong Kong aiming to extend its on-chain treasury products to investors in the Asia Pacific region. Nathan Allman, the CEO of Ondo Finance, stated that tokenized treasuries could have considerable benefits compared to holding underlying treasuries. On-chain tokenized treasuries can facilitate decentralized and centralized exchanges, and be traded 24/7, including over-the-counter. Moreover, they can also interact with smart contracts, unlike traditional treasuries, thereby harnessing the benefits of DeFi and providing sustainable yield. At present, Ondo offers three products, namely, OUSG (exposure to U.S. Treasurys), OMMF (exposure to US money market funds), and USDY (a yield-bearing variant to traditional stablecoins). With a total value locked of around $186 million, these pools offer an annual yield of approximately 5%, with their underlying assets, the U.S. Treasurys, being backed by the US Government. Ondo's existing tokenized assets are unavailable to U.S. investors due to regulatory ambiguity in the country. Non-U.S. investors need to clear a Know Your Customer and Anti-Money Laundering verification check and hold the tokenized assets for at least 40 days before moving them. Currently, Ondo Finance is working towards addressing infrastructural challenges to facilitate large-scale creation and usage of tokenized securities on public blockchains. Disclaimer: Includes third-party opinions. No financial advice. #DeFi #crypto
Vivek Kumar’s Post
More Relevant Posts
-
The global credit rating agency, Moody's Ratings, has awarded an “A” rating to our regulated TBILL fund. This makes the TBILL token the first (and only) tokenized US T-Bill product globally to receive a credit rating in the “investment-grade” quality category. Receiving an 'A' rating from Moody's is a significant milestone for the RWA sector, a monumental attestation in validation for the best-in-class infrastructure that underpins our tokenized T-Bill product. It affirms OpenEden mission in building an RWA primitive for the DeFi ecosystem to access tokenized U.S. Treasury Bills as a source of on-chain yields, alongside a blend of different sources like options strategies, staking, and more. Today, we are partnered with Standard Chartered backed Zodia Custody, Hidden Road, Hex Trust, SCB-backed Rakkar Digital, and many others in making TBILL tokens more readily accessible to corporates, buy-side institutions, and fintech firms. Our focus in the next few months will be to further increase access to TBILL tokens across more platforms and protocols, and creating more use-cases for the token. Reach out if you’re interested in working with us! https://lnkd.in/gva_E2KV #blockchain #RWA #tokenization #treasuries #fintech #payments
To view or add a comment, sign in
-
🚀 Exploring the Potential of DeFi Lending with Franklin Templeton! Franklin Templeton recently highlighted the transformative power of decentralized finance (DeFi) in their report, "Decentralized Finance Lending Protocols: The Crypto Fixed Income Market." As the world of finance evolves, DeFi is paving the way for more accessible, transparent, and automated financial services. 🔑 Key Benefits of DeFi Lending: - Automated, 24/7 Access: DeFi lending protocols provide continuous liquidity, enabling businesses and individuals to seize opportunities without the constraints of traditional banking hours. - Global Financial Inclusion: By bypassing traditional intermediaries, DeFi democratizes access to competitive interest rates, fostering financial inclusion for SMEs and individuals worldwide. - Cost Efficiency & Transparency: DeFi reduces transaction costs and enhances security and transparency through smart contracts, which ensure quick and reliable execution of financial agreements. ⚠️ Risks to Consider: - Investment and Market Risks: As with any investment, DeFi involves risks, including potential losses. The volatility of the cryptocurrency market can also impact DeFi investments. - Technological Vulnerabilities: Despite their benefits, DeFi protocols face challenges such as software bugs, scalability issues, and potential hacks. - Regulatory Uncertainty: The evolving legal landscape of DeFi can present challenges, as regulatory frameworks differ globally and are still under development. - Franklin Templeton's insights underscore both the promise and the caution required in navigating the DeFi space. As DeFi continues to mature, staying informed about its opportunities and risks is crucial for anyone looking to engage with this dynamic market. For the full report and to dive deeper into the potential of DeFi lending, check out Franklin Templeton's original tweet and report here: https://hubs.li/Q02P5cZh0 #DeFi #DecentralizedFinance #Crypto #FranklinTempleton #FinancialInclusion #infineo
To view or add a comment, sign in
-
DBS to launch crypto options and structured notes for institutions - Cointelegraph: DBS Bank in Singapore will introduce over-the-counter crypto options trading and structured notes, offering institutional clients new ways to ...
DBS to launch crypto options and structured notes for institutions
cointelegraph.com
To view or add a comment, sign in
-
Tokenized Money Funds (TMFs) 💰 are the talk of the town in recent industry conferences. These on-chain versions of traditional money market funds are gaining traction, especially among crypto natives seeking yield opportunities compared to USDC. But that's just the tip of the iceberg. The real game-changer lies in their potential use as collateral and payment solutions in traditional finance (TradFi). Early adopters are already leveraging TMFs for better yields, but the biggest growth potential is in utilizing them for collateral and payments in traditional financial systems. TMFs are poised to become a significant asset class, bridging the gap between crypto and traditional finance. Ownera, provides the rails for this collateral mobility in a safe, compliant manner, leveraging technology but maintaining the regulated roles needed for security and control. Get in touch to find out more. Ami Ben-David Anthony Woolley Emmanuel Aidoo Milena Kohlhofer Priyanka Bhadauria
The Market Potential for Tokenized Money Funds
cumberland.io
To view or add a comment, sign in
-
Congrats on the #Web3 developments here - anchored in Singapore, of course. Fathom's stablecoin solution is a stable-price cryptocurrency over-collateralised by the #XDCNetwork token ($XDC) and #RWA, including trade finance assets. Propine (est. 2018), a licensed, audited, and insured digital asset custodian headquartered in Singapore teams up with NKOTB #TradeFi #RWA liquidity protocol maestros Fathom Protocol on the XinFin Powering XDC Network (est. 2019) to facilitate essential functions in a $30 trillion global trade finance market. This includes cross-border transactions, borrowing against receivables, and generally turning trade finance into an alternative investment class for non-banks. This development positions $FXD at the forefront of real-world assets, leveraging the power of blockchain to enhance global trade finance operations. The $FXD stable will be one the foundations of this emerging #DigitalEconomy. Tuhina Singh Taniya Singh Suresh Gopal Manuel Rensink Tyler Carter Anton G Saloi B. #Custody #XDCNetwork #Bonds #PropTech #Derivatives #Tokenisation #MLETR #YieldBearingAssets #Stablecoin #PaperlessTrade #TradeFinance https://lnkd.in/g_p-Du6S
RWA in Focus: MAS Regulated Digital Asset Custodian, Propine Introduces Support for Fathom Dollar $FXD Stablecoin on XDC Network.
finance.yahoo.com
To view or add a comment, sign in
-
Happy Friday! It's time for RWA Weekly! Real Finance brings you the most significant and impactful updates in the ecosystem. Let’s dive in! 🚀🌐 1/ RWA leader Ondo Finance teams up with @Zebec_HQ to enhance real-time payroll payments using Zebec’s advanced payment technology and Ondo’s $USDY stablecoin system. 2/ RWA Platform "Re" launches Tokenized Reinsurance Fund on @avax with $15M Commitment from Nexus Mutual. 3/ Franklin Templeton CEO Jenny Johnson is Bullish on Asset Tokenization Trend. Johnson predicts that all ETFs and mutual funds could eventually transition to blockchain technology, as it would lead to significant cost savings due to blockchain benefits. 4/ Paxos, eading regulated blockchain and tokenization infrastructure platform, Appoints Former CFTC Chairman to Its Board. The move comes as part of the company’s strategy to expand in regulated crypto markets and advance innovation in stablecoins. 5/ SWARM, a platform for real-world asset tokenization, will list its $SMT token through Uphold ’s market, targeting 10M investors. Swarm Market aims to boost $SMT, while also offering exposure to real-world stocks and businesses. 6/ Mastercard and STANCHART SECURITIES PRIV LIMITED aim to tokenize carbon credits. They’ve just wrapped up a proof-of-concept that tokenizes carbon credits right inside the Hong Kong Monetary Authority Fintech Supervisory Sandbox. 7/ Blockchain oracle company Chainlink Labs ($LINK) completes test with @The_DTCC, J.P. Morgan, Franklin Templeton, BNYMellon MellonEX and other major US banks to accelerate the tokenization of funds. This success paves way for wider use of blockchain in finance. 8/ Recommended watch: Fireside Chat with RealT Platform Co-CEOs Remy and Jean-Marc Jacobson at #TokenizeThis 2024, organized by STOmarket: https://lnkd.in/dw-z_7Ep 9/ Recommended watch (II): Paul Paulbarron ‘s interview to Propy’s CEO Natalia Karayaneva talking about the latest developments in #RWA tokenization, and its impact on the real estate industry: https://lnkd.in/dtjkNtFb. Join us every week for more cutting-edge insights and developments in the realm of asset tokenization. Stay tuned for more next Friday!
To view or add a comment, sign in
-
💡 Revolutionizing Finance: The Global Dollar Network & Semoto’s Role in the Future of Stablecoins The launch of the Global Dollar Network, featuring powerhouse partners like Robinhood, Kraken, and Galaxy Digital, is reshaping the stablecoin landscape. With USDG, a new stablecoin pegged to the U.S. dollar, the network aims to make stablecoin usage more rewarding and accessible globally. Unlike other stablecoins, USDG focuses on shared rewards and inclusivity, making it a unique player in this space. As the ecosystem grows, stablecoins are no longer just a tool for traders—they’re expanding into cross-border payments, remittances, and even as a store of value in regions facing currency instability. This new wave of use cases is opening doors to financial inclusion and bridging gaps in global finance. Where does Semoto fit in? 🚀 At Semoto, we’re always looking for innovative service providers and partners who can guide Web3 businesses through this evolving financial landscape. With regulatory pressures increasing and the competition heating up, having the right experts is more critical than ever. Through our marketplace, we connect Web3 companies to top-tier compliance, legal, and blockchain solution providers who can help them navigate the complexities of stablecoin integration and digital finance. Whether you're a startup looking to integrate USDG or an established firm exploring crypto payments, Semoto brings you closer to the best in the industry. Want to stay ahead in the world of digital finance? Check out Semoto.io and connect with industry leaders who can guide you through every stage of your journey. 🌐 👉 Visit us at www.semoto.io
To view or add a comment, sign in
-
Exciting developments in #cryptocurrencies and decentralized finance! Learn about the #tokenization of real-world assets (RWAs) and its impact on the finance industry. Discover the opportunities and risks involved. https://lnkd.in/d4TB42d7
Tokenization of Real-World Assets (RWA): An Overview - jayweb3.com
https://jayweb3.com
To view or add a comment, sign in
-
Jerald David, president of Arca, told Markets Media that it is “super important” that the asset manager’s treasury fund has become the first tokenized ‘40 Act fund to become available for secondary trading on an alternative trading system (#ATS). He said: “This is another important milestone and just the beginning of what we are going to see in digital assets.” The tokenized treasury fund, with assets of approximately $405,000, can be traded on Securitize Markets, enabling Arca to reach the objectives it set since the asset manager first started thinking about launching a #blockchain-enabled offering in 2018. 💡 David added: “This is a super important development as it shows there are regulatory compliant ways whereby digital asset securities can be utilized in ways that people envisioned when they first started thinking about blockchain back in 2015 or 2016.” Arca operates a web portal from Securitize Markets, who will offer #ArCoin alongside the other #digitalassets that can be traded by their customers. “This is unique and something that has not been done before,” said David. “This is one of the most novel use cases of blockchain and demonstrates how the technology can be used to create a regulatory compliant path forward, which many people in this industry have been struggling with.” David claimed that other funds do not have the ability to transfer a token in an unencumbered fashion. In contrast, he said investors can transfer Arcoins from their wallet without authorization from a transfer agent. “The process uses smart contracts and the U.S. Securities and Exchange Commission has permitted us to allow seamless transfers on a public blockchain,” he added. “This unlocks a whole host of different use cases, such as collateral management, treasury management and settlement.” More details in the full informative Markets Media article by Shanny Basar. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Follow us to stay up-to-date! #finance #fintech #RWA #investment #tokenization #DeFi #Web3 #tokenisation #fund #innovation #arca #securitize https://lnkd.in/egHnqUMm
Arca’s Tokenized Treasury Fund Available For Secondary Trading - Markets Media
https://www.marketsmedia.com
To view or add a comment, sign in