1 month ago
The Cosmos ecosystem is becoming a hub for Real-World Assets (RWAs) with the caller announcement of Ondo Finance’s caller Layer 1 blockchain purpose-built for institutional-grade RWAs, Ondo Chain.
Ondo Chain was revealed astatine the Ondo Summit successful New York, which featured a astonishment closing speaker, Donald Trump Jr. “The aboriginal of RWAs successful the US is bright, and caller enactment has the imaginable to marque the US the planetary halfway for crypto,” posted the Ondo Finance account.
According to Ondo Finance’s blog, Ondo Chain is an omnichain web designed to enactment RWAs, with features similar verified collateral and autochthonal borderline capabilities.
Ondo Finance has already expanded its beingness successful the Cosmos ecosystem done its integration with integer plus issuer Noble, bringing tokenized treasuries to the level and expanding the uptake of Ondo’s US-backed products crossed implicit 90 blockchains.
Noble’s concern with Ondo Finance has besides led to the motorboat of USDY, a autochthonal yield-bearing stablecoin for Cosmos ecosystem blockchains. This improvement highlights the increasing value of the Cosmos ecosystem successful the burgeoning RWA conception with a marketplace headdress astatine implicit $35 billion today.
“Cosmos has the biggest emerging RWA ecosystem with [Noble], [Ondo Finance], [Mantra] and [REDACTED] coming soon. This should beryllium nary astonishment that the satellite is coming connected concatenation successful Cosmos—real assets and existent companies request existent standard and existent control,” commented Barry Plunkett, co-CEO of Interchain Labs (formerly Skip Protocol).
Cosmos-based Mantra has besides recognized the imaginable of RWAs successful the space. Despite the broader downturn successful the crypto markets pursuing President Donald Trump’s tariff orders which caused $2 billion successful liquidations, Mantra’s OM token remains up by implicit 68% successful the past 14 days, reflecting rising organization demand.
Mantra co-founder and CEO JP Mullin posted:
“The deals are getting bigger. The institutions are getting much credible than ever. The wealth progressive is getting real. And we’re hungrier than ever.”
The motorboat of Ondo Chain and USDY demonstrates the expanding adoption of RWAs successful the Cosmos ecosystem and the continued innovation and maturation successful RWA-based fiscal products and services.
The station Cosmos ecosystem becoming location for RWAs arsenic Ondo Finance reveals caller L1 appeared archetypal connected CryptoSlate.
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