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The Cryptonomics™ > Blockchain > Solana, Bitget Be a part of Ondo Finance’s ‘Market Alliance’
Blockchain

Solana, Bitget Be a part of Ondo Finance’s ‘Market Alliance’

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Last updated: June 17, 2025 6:18 pm
admin Published June 17, 2025
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Solana, Bitget Be a part of Ondo Finance’s ‘Market Alliance’


Decentralized finance platform Ondo Finance has introduced the formation of the World Markets Alliance — an trade partnership with eight cryptocurrency wallets, custodians and exchanges — geared toward accelerating the adoption of onchain monetary belongings.

Introduced Tuesday, the alliance contains the Solana Basis, Bitget Pockets, Jupiter Alternate, Belief Pockets, Rainbow, BitGo, Fireblocks, 1inch and Alpaca.

Ondo’s announcement steered that extra corporations may quickly be a part of the alliance.

In response to Ondo Finance, the initiative seeks to “convey capital markets onchain” and set up requirements for the interoperability of tokenized shares.

Supply: Ondo Finance

Ondo Finance focuses on real-world asset tokenization and just lately launched a layer-1 blockchain tailor-made for institutional onchain belongings. The platform provides tokenized treasury merchandise backed by US authorities debt.

Customers have dedicated practically $1.4 billion to the Ondo ecosystem, in accordance with the most recent trade information. 

Ondo’s whole worth locked, or TVL, has greater than doubled over the previous yr, reaching practically $1.4 billion as of June. Supply: DefiLlama

Associated: Chainlink, JPMorgan, Ondo Finance full crosschain treasury settlement

RWA tokenization market continues to develop

The marketplace for tokenized RWAs has grown by 260% this yr, pushed partially by a extra favorable regulatory setting in the USA and rising demand for US monetary merchandise globally.

Excluding stablecoins, the entire RWA market was valued at $23 billion as of June, in accordance with a Binance Analysis report. The expansion has been led by tokenized non-public credit score and US Treasury bonds.

2025 is shaping as much as be a report yr for tokenized RWAs. Supply: Binance Analysis

A number of crypto corporations are increasing into the RWA market, in search of to convey conventional monetary belongings onchain. 

As reported by Cointelegraph, crypto fee platform Alchemy Pay has partnered with tokenization agency Backed to launch 55 tokenized US exchange-traded funds. The tokenized belongings will probably be obtainable to jurisdictions with restricted entry to US monetary markets.

In the meantime, retail buying and selling platform Robinhood is reportedly growing tokenized inventory choices for European traders, with plans to tokenize non-public credit score as effectively. 

Associated: RWA backing: How do issuers guarantee 1:1 peg with tokenized belongings?