Crypto Project Announces Partnership With Top Asset Manager
As collaborations flourish in the cryptocurrency landscape, recent developments have emerged from the real-world asset (RWA) sector.
Ondo Finance, a notable player in the RWA altcoin space, has joined forces with Wellington Management, a prominent asset management firm overseeing assets exceeding $1 trillion.
This partnership will facilitate intraday redemptions for Wellington’s newly established tokenized U.S. Treasury Fund.
The collaboration aims to enhance the infrastructure of this fund, named the Delta Wellington Ultra Short Treasury On-Chain Fund, positioning it as a pioneer in integrating traditional assets with blockchain technology. This initiative is supported by Libeara, a leading tokenization platform that is part of Standard Chartered’s SC Ventures.
READ MORE:
JPMorgan CEO Warns of World War III Threat Amid Rising Geopolitical TensionsNathan Allman, the CEO of Ondo Finance, expressed enthusiasm about the collaboration, emphasizing the significance of enabling 24/7 redemptions.
He highlighted that this feature will optimize the utility of tokenized assets for various applications, including collateral management and cross-border transactions within the digital asset ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Elon Musk sets a Diablo 4 global record
Share link:In this post: Elon Musk potentially ranks no. 1 in Atificer’s Pit challenge. He has timed his win at 1:52 beating the current record of 1:59. Elon Musk’s recent ranking has not yet appeared on the leaderboard.
SEC edges closer to Solana ETF approval amid political shifts
Share link:In this post: Solana exchange-traded funds may arrive on Wall Street very soon. SEC is in talks with issuers about approving a Solana ETF. SEC Chair Gary Gensler’s announcement that he would resign on January 20, 2025, aligns with the possibility of a pro-crypto administration taking office.
BoxBet Secures Strategic Funds To Build Future of iGaming
FTX to Begin Paying Creditors and Customers by Early 2025