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The post Trump’s WLFI Joins Forces with Ondo Finance to Tokenize Real-World Assets appeared first on Coinpedia Fintech News In a latest development, the Trump family’s crypto project WLFI and Ondo Finance have announced a strategic partnership to promote the adoption of tokenized real-world assets (RWA) and bring traditional finance on-chain. Notably, as part of the partnership, WLFI is considering adding Ondo’s tokenized assets, like the US Dollar Yield token (USDY) and Short-Term US Government Treasuries (OUSG), as reserve assets in its network. WLFI also plans to integrate these tokenized assets and securities into the WLFI platform, providing its users with lending and margin trading options. A Shift In WLF’s Strategy After investing millions in Ethereum (ETH), Donald Trump’s pro-crypto firm, World Liberty Finance (WLF), has recently shifted its focus to Ondo (ONDO), marking a strategic change in its investment strategy. Recently, WLF spent $4.7 million USDC to acquire 342,000 ONDO tokens. This move coincided with the launch of Ondo Chain, a permissioned Layer 1 blockchain designed to tokenize real-world assets for institutional finance. The investment caused ripples in the crypto market, driving ONDO’s price higher while other major cryptocurrencies struggled. Strategic Reserve Of Digital Assets What’s more? World Liberty Financial has also unveiled plans to establish a strategic reserve of digital assets. The announcement was revealed at the Ondo Finance Summit in New York, where WLF co-founder Chase Herro shared the company’s vision for the future of tokenization and decentralized finance (DeFi). This move aligns with Trump’s growing involvement in the crypto world, where he has advocated for fair digital asset regulations and suggested the creation of a national Bitcoin reserve. WLF’s initiative could pave the way for greater crypto adoption in both institutional and government sectors.

Mike Novogratz, founder and CEO of Galaxy Digital, brimmed with enthusiasm at the recent Ondo Summit, where he delivered an unexpected remark that stirred the crypto community. Novogratz predicted that Bitcoin could soon be a part of the U.S. government’s balance sheet, possibly within the next six months. He confidently stated, “I think Bitcoin will be on the government’s balance sheet in six months. There’s a lot of people trying to figure out how to do it gracefully, but it’s coming.“ He also addressed the U.S. Securities and Exchange Commission (SEC), and venting his frustration over the lengthy waiting period for crypto regulations, while offering a hopeful outlook for the future. Related: Crypto Recovery in Full Swing: $6 Billion Inflow Reverses Early February Selloff “We’ve been waiting for four and a half years,” Novogratz said, referring to the drawn-out regulatory process. “But with the new SEC in place, I think we’ll see a wave of companies listing on the New York Stock Exchange or NASDAQ by May or June.“ The crypto industry, he said, has endured a “four years in the desert“; years marked by neglect and punitive measures from traditional banks. Now, with a new regulatory climate, Novogratz believes the industry is entering a period where companies can enjoy greater operational freedom. Novogratz described the energy at a recent crypto ball event in Washington, D.C., as “the hottest ticket in town.” He said that, despite only 300 people being there, 20 crypto CEOs attended, showing how much crypto is gaining influence in the financial world. The billionaire is bullish on the future of Bitcoin, stressing its position as a store of value and its increasing global presence. Bitcoin began 2024 at $44,000 and surged to over $100,000 by December. Related: Japan’s Pro-Bitcoin Company’s Stock Soars 4,000% in the Past One Year President Trump has promised to make the U.S. “the crypto capital of the planet” and create a national Bitcoin reserve. David Sacks, the White House crypto czar, also shared he is exploring the practical steps needed to bring this vision to life. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Trump family project WLFI and Ondo Finance announced a strategic partnership to promote the adoption of RWA and bring traditional finance to the chain. WLFI is exploring the integration of Ondo's tokenized assets into the WLFI network as treasury reserve assets, including the US Dollar Yield Token (USDY) and short-term US Government Treasury Bonds (OUSG), to provide lending and margin trading for its users.

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Mike Novogratz, founder and CEO of Galaxy Digital, said at the Ondo Summit that with the new leadership of the SEC in place, a large number of cryptocurrency companies are expected to be listed on the New York Stock Exchange or Nasdaq in May or June this year. It is predicted…