Ondo turbocharges DeFi with Bitget wallet & new acquisition

Bitget Wallet will support Ondo’s tokenized securities at launch this summer, as Ondo Finance boosts its infrastructure by acquiring blockchain developer Strangelove.

Bitget Wallet has just announced it will support Ondo Finance’s tokenized stocks, ETFs, and RWAs at launch this summer. The integration will bring tokenized securities to one of the world’s largest wallet user bases—serving over 80 million users globally—and will allow Bitget Wallet users to self-custody and transfer tokenized stocks, funds, and more directly from their wallets.

For context, Global Markets Alliance is a coalition led by Ondo Finance (ONDO) to bring regulated financial products on-chain through a unified technical and compliance framework. Alongside Bitget Wallet, the alliance includes Solana Foundation, Jupiter Exchange, 1inch, BitGo, Fireblocks, Trust Wallet, Rainbow Wallet, and Alpaca, with each playing a critical role in enabling seamless access to tokenized assets.

The alliance comes in advance of the launch of Ondo Global Markets, a platform built to enable wallets and applications to provide users outside the U.S. with direct access to U.S. securities. The Global Markets Alliance will launch with more than 100 tokenized assets on day one, delivering deep TradFi liquidity into decentralized systems.

In addition to Ondo Global Markets—made possible through its growing network of partners—Ondo Finance is doubling down on efforts to bolster its ability to bring real-world assets onchain with the recent acquisition of blockchain development firm Strangelove. Known for its contributions across the Cosmos ecosystem and other blockchain networks, Strangelove brings vital engineering expertise and validator infrastructure to Ondo’s technology stack.

“This acquisition reinforces our commitment to building the foundational infrastructure to bring financial markets onchain,” said Ondo founder and CEO Nathan Allman.

The acquisition follows a flurry of activity from Ondo. Earlier this month, the firm, in partnership with Pantera Capital, announced a $250 million commitment to invest in RWA projects. Days later, Ondo acquired Oasis Pro, gaining access to a U.S. SEC-licensed broker-dealer. With Strangelove now onboard, Ondo claims it is the “the only full-stack tokenized asset platform with omnichain asset issuance.”