- World Liberty Financial invests 250,000 USDC in 134,216 ONDO tokens via Cow Protocol.
- Ondo Finance drives innovation with tokenized assets like USDY and OUSG.
The Trump family’s crypto project, World Liberty Financial, is still making headlines in the digital asset industry thanks to its considerable investments. On December 16, 2024, at 6:51 AM (UTC+8), the project spent 250,000 USDC to acquire 134,216 ONDO tokens via Cow Protocol, at an average of $1.83 per token, according to Arkham.
World Liberty Strategic Moves and ONDO’s Role in RWA Tokenization
Since late November, World Liberty Financial has been rather active in the market distributing about $44.74 million USDC into several cryptocurrencies. These comprise well-known tokens including ETH, LINK, AAVE, and ONDO.
On December 12, notables transactions include 3,357 AAVE at $297.8 each, 41,335 LINK at $24.2 each, and 2,631 ETH purchased at $3,801 each token. These calculated actions have changed the dynamics of the market; LINK especially hit a three-year high of $29.45 just after the purchase.
Targeting to increase liquidity and efficiency in financial markets, Ondo Finance, the recipient of World Liberty’s recent investment, specializes in real-world asset (RWA) tokenization.
Among its products are the tokenized short-term Treasury bond fund OUSG and the USDY stablecoin with interest bearing capability. Attracting institutional and retail investors alike, these products meet an increasing demand for stability and efficiency in DeFi.
World Liberty Financial’s investments, meantime, complement its larger goal of establishing the United States as a worldwide leader in crypto innovation. Supported by Donald Trump Jr. and Eric Trump, the initiative has evolved to mirror the Trump family’s pro-crypto posture and goals to lower legal obstacles in the world of digital assets.
Besides that, CNF has reported in July the RWA Hydro Protocol project, which integrates Ondo Finance and Injective to improve DeFi possibilities.
By means of this integration, Hydro users may access Ondo Finance’s USDY, a yieldcoin supported by short-term U.S. Treasury bonds, therefore providing a premium and consistent yield of 5.3% APY.
Meanwhile, as of writing, ONDO is swapped hands at about $2.09, a 17.36% rise over the last 24 hours. The most recent news have generated a lot of interest in the token since they highlight how the market responded to strategic participation in the DeFi ecosystem by World Liberty.
Source: https://www.crypto-news-flash.com/world-liberty-expands-defi-focus-with-major-ondo-token-investment/?utm_source=rss&utm_medium=rss&utm_campaign=world-liberty-expands-defi-focus-with-major-ondo-token-investment