Ondo Finance Launches Ondo Chain for Real-World Assets in Cosmos
- Ondo Finance announced a new Layer 1 blockchain, Ondo Chain, for institutional-grade Real-World Assets (RWAs).
- The announcement was made at the Ondo Summit in New York, featuring Donald Trump Jr. as a surprise speaker.
- Ondo Chain is designed as an omnichain network with features like verified collateral and native margin capabilities.
- Noble and Ondo Finance launched USDY, a yield-bearing stablecoin for the Cosmos ecosystem.
- The market cap of RWAs exceeds $35 billion, highlighting the growth of this segment within the Cosmos ecosystem.
The launch of Ondo Chain and USDY marks significant growth in the adoption of RWAs within the Cosmos ecosystem, underscoring its potential to become a central hub for these assets.
Source (2.6.1)https://cryptoslate.com/cosmos-ecosystem-becoming-home-for-rwas-as-ondo-finance-reveals-new-l1/?rand=24433
