In a recent development, the Trump family's cryptocurrency project WLFI and Ondo Finance have announced a strategic partnership to drive the adoption of Tokenized Real-World Assets (RWA) and bring traditional finance onto the chain.
Notably, within the framework of this collaboration, WLFI is considering adding Ondo's Tokenized assets, such as the USD Yield Token (USDY) and the US Government Short-Term Bonds (OUSG), as reserve assets in its network. WLFI also plans to integrate these Tokenized assets and securities into the WLFI platform, providing users with lending and margin trading options.
Shift in WLF's Strategy
After investing millions into Ethereum (ETH), Donald Trump's pro-cryptocurrency company, World Liberty Finance (WLF), has shifted its focus to Ondo (ONDO), marking a strategic change in its investments.
Recently, WLF has spent 4.7 million USDC to acquire 342K ONDO Tokens. This move coincides with the launch of Ondo Chain, a permissioned Layer 1 blockchain designed to Tokenize real-world assets for institutional finance. This investment has caused a stir in the cryptocurrency market, driving up the price of ONDO while other major cryptocurrencies struggle.
Strategic Digital Asset Reserve
Furthermore, World Liberty Financial has also announced plans to establish a strategic digital asset reserve. This announcement was made 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 DeFi.
This move aligns with Trump's increasing involvement in the cryptocurrency world, where he has voiced support for fair regulations on digital assets and proposed the creation of a national Bitcoin reserve. WLF's initiative could pave the way for greater cryptocurrency adoption in both the institutional finance and government sectors.
