Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Surprise Altcoin Announces Partnership with Company Managing Over $1 Trillion in Assets!

Surprise Altcoin Announces Partnership with Company Managing Over $1 Trillion in Assets!

BitcoinsistemiBitcoinsistemi2024/10/30 16:11
By:Elif Azra Güven

Popular RWA altcoin Ondo Finance (ONDO) has announced a partnership with Wellington Management, which manages over $1 trillion in assets.

While partnerships continue in the cryptocurrency sector, the latest partnership news came from the RWA sector.

Popular RWA altcoin Ondo Finance (ONDO) has announced a partnership with Wellington Management, which manages over $1 trillion in assets.

“Wellington Management has partnered with Ondo Finance to provide intraday redemptions for its tokenized U.S. Treasury Fund.

Wellington Management, one of the world’s largest independent asset managers with over $1 trillion in assets, has partnered with Ondo Finance to bring institutional-grade infrastructure to its newly launched tokenized U.S. Treasury fund, Delta Wellington Ultra Short Treasury On-Chain Fund.

This funding is part of a groundbreaking initiative to enable traditional assets on the blockchain led by Libeara, a leading tokenization platform backed by Standard Chartered’s SC Ventures.”

“We are excited to partner with Wellington on this important step for onchain finance,” said Nathan Allman, CEO of Ondo Finance. “By enabling 24/7 redemptions, Ondo Finance ensures that tokenized assets can be used most effectively for collateral and cross-border payments, including across the digital asset ecosystem.”

Following the partnership news, ONDO price experienced a 3% price increase.

1/ Wellington Management Partners with Ondo Finance to Provide Intraday Redemptions for Tokenized US Treasury Fund

Wellington Management ( @Wellington_Mgmt ) one of the world’s largest independent asset managers with over $1 trillion in assets, has partnered with Ondo Finance to… pic.twitter.com/mLvolid8d9

— Ondo Finance (@OndoFinance) October 30, 2024

*This is not investment advice.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Chill Guy (CHILLGUY): The Meme Coin That’s All About Taking It Easy

What is Chill Guy (CHILLGUY)? Chill Guy (CHILLGUY) is a meme coin on Solana that embodies the spirit of calmness and simplicity. The meme coin is inspired by a viral meme of a relaxed, low-key dog. It’s a meme that has taken the internet by storm, celebrating the art of not worrying. The character

Bitget Academy2024/11/28 03:47