Ondo Finance and Pantera Capital Partner to Invest $250 Million in RWAs
Ondo Finance and Pantera Capital have launched a $250 million initiative called Ondo Catalyst to invest in real-world asset (RWA) projects, driven by the growing tokenization trend.
- The initiative targets protocols and infrastructure that support tokenized finance and on-chain capital markets.
- Investments will include both equity and token-based funding.
- Tokenization aims to bring traditional financial instruments onto blockchain platforms, improving efficiency and access.
- Recent developments include trading of tokenized U.S. stocks by firms like Robinhood and Kraken, along with tokenized money market funds from BlackRock and Franklin Templeton.
- Ondo is a significant player in this space, with a market cap of nearly $1.4 billion for its OUSG and USDY tokens.
- The company is also developing a layer-1 blockchain network for tokenized RWAs.