Post
Topic
Board Altcoin Discussion
Topic OP
Real world asset (RWA) on the rise (ONDO pulling big surprise)
by
TheVeteranAngel
on 30/03/2024, 16:39:45 UTC
Blockchain technology has impacted a lot of industry including the crypto industry and it seems as days go by, more use cases will continue to emerge.

Tokenization of real world asset is another area the blockchain technology has significantly make a remarkable impact by allowing investors have assess to certain investment options that ordinarily would have been impossible.

We have seen a significant increase in adoption of RWA assets recently and project like Maplefinance, Pendle and most significantly ONDO finance among others have witnessed remarkable adoption and growth.

One key factor I think could have facilitated this speedy growth of ONDO is the range of tokenized products it offers such as OUSG ( exposure to US Treasuries) OMMF ( exposure to US money market fund) and USDY ( a yield bearing-alternatives to conventional stablecoins) allowing investors worldwide to access key US- based asset classes in a tokenized format

With partnership with institutional giant like Blackrock and Morgan Stanley, ONDO stands at the forefront of integrating real-world financial assets with blockchain technology by helping to bridge the gap between traditional finance (Tradefi) and decentralized finance (Defi)

Since January till date, ONDO token has surged by over 400% indicating massive adoption and transition to RWA by great number of investors. It's important to note that ONDO now ranked among the top 100 cryptocurrency enjoying #85 spot on CMC with a mcap exceeding $1.3B.

While BTC and major altcoins like ETH are still rallying to find support, it looks like funds are currently being diverted into the tokenized ecosystem. Study from Bitget academy also shows that there is a high demand for tokenized assets and the future looks really bright for investors. What are your thoughts about this emerging narrative? Share your thought.