<p>The <a href="https://summit.ondo.finance/" rel="nofollow">Ondo Summit 2025</a>, held on February 6, 2025, in New York City, marked a significant milestone in the integration of traditional finance with blockchain technology. The event featured a star-studded guests list including but not limited to:</p><p><strong>Asset Managers:</strong></p><ul><li><p><strong>Goldman Sachs</strong></p></li><li><p><strong>Franklin Templeton</strong></p></li><li><p><strong>BlackRock</strong></p></li><li><p><strong>Fidelity Investments</strong></p></li><li><p><strong>BNY Mellon</strong></p></li></ul><p><strong>Blockchain and DeFi Leaders:</strong></p><ul><li><p><strong>David Schwartz</strong> (Chief Technology Officer, Ripple)</p></li><li><p><strong>Sergey Nazarov</strong> (Co-founder, Chainlink)</p></li><li><p><strong>Mary-Catherine Lader</strong> (Chief Operating Officer, Uniswap)</p></li><li><p><strong>Konstantin Richter</strong> (CEO, Blockdaemon)</p></li></ul><p><strong>Regulatory Officials:</strong></p><ul><li><p><strong>Caroline D. Pham</strong> (Acting Chairman, Commodity Futures Trading Commission)</p></li><li><p><strong>Summer K. Mersinger</strong> (Commissioner, Commodity Futures Trading Commission)</p></li><li><p><strong>J. Christopher Giancarlo</strong> (Former Chairman, Commodity Futures Trading Commission)</p></li></ul><p><strong>Industry Experts:</strong></p><ul><li><p><strong>Dan Morehead</strong> (Founder, Pantera Capital)</p></li><li><p><strong>Mike Novogratz</strong> (CEO, Galaxy Digital)</p></li><li><p><strong>Patrick McHenry</strong> (Former Chair, House Financial Services Committee)</p></li></ul><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d7ee6dc-2dff-4ef1-87ee-651eebc47d5b_1600x1066.jpeg" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/22ae563ca3681fe19f57b7b65cf44f44.jpg" alt=""></source></picture><div><div><div></div><div></div></div></div></div></a></figure></div><p>This was perhaps the first time where blockchain leaders, regulatory officials, and traditional asset managers came together to talk about the steps required to integrate blockchain technology with traditional finance rather than metaplanning.</p><p>This has been a long time coming.</p><p>The full summit is available on Youtube <a href="https://www.youtube.com/watch?v=lEkRc4yuaEE&amp;list=PLP60QtA2KOgHtc27HLI3p3FXMlfjJFGa3" rel="nofollow">here</a>.</p><p>What made me the most excited was the pragmatism during the conversations. Some quotes that Sandy Kaul from Franklin Templeton that displays this thoughtfulness are:</p><p><em>“Don't underestimate how difficult it is going to be to move from an account based system to a wallet based system… there is no such thing as a real portfolio; a portfolio is a virtual construct of different accounts and therefore the idea that I could commingle assets and use assets interoperable is completely foreign to anyone coming from a traditional background.”</em></p><p><em>“The system [the regulators] came up with [in the 1970’s] started to have Central counterparties [and] Central depositories. We started to have clearing organizations acting as buyer to every seller and seller to every buyer, we started netting portfolio positions, we started doing book order entry and ownership. We have to unwind that whole system to make this new system work.”</em></p><p>Dan Morehead, the Founder of Pantera Capital also mentioned the changing political zeitgeist:</p><p><em>“There used to be this huge group of people in Congress that were anti-crypto… In the 58 contested elections where pro-crypto PACs competed, 54 of the anti-crypto people left Congress. Nobody’s going to say anything bad about crypto in Congress again.”</em></p><h2>Ondo’s Moment</h2><p>Though I may be biased given Pantera led the seed round and co-led the Series A in <a href="https://ondo.finance/" rel="nofollow">Ondo</a>, I believe that Ondo is the only company hyperfocused on fixing the integration issue between blockchain and traditional finance.</p><p>Ondo also <a href="https://blog.ondo.finance/introducing-ondo-chain/" rel="nofollow">announced the Ondo Chain</a>, the Omnichain network for RWA’s. This chain solves two fronts: making on-chain yield more attractive/simpler to gain for off-chain investors, and to connect on-chain users to off-chain products/yields.</p><p>The problem is <a href="https://blog.ondo.finance/towards-the-open-economy/" rel="nofollow">simple</a>.</p><p>The current financial plumbing of the world is built on the assumption of distrust, with frequent checks and balances. If I wanted to buy a stock, my money would go through my bank or payment processor, brokerage, possibly a market maker, stock exchange, clearing firm, custodian bank, and possibly a transfer agent. That’s 7 intermediaries to buy a stock.</p><p>And if I am unsatisfied with the savings rate of my current bank, I would have to register at another bank account, requiring multiple days, possible re-dos of AML and identity checks, and the creation of new, repetitive documents.</p><p>On-chain, a single wallet can trustlessly interact with any market directly, without any middleman and without the creation of new accounts for each transaction.</p><p>Ondo’s vision is for ​​the boundaries between traditional finance and blockchains to disappear, powered by the Ondo Chain and broader Ondo infrastructure. An investor will be able to instruct their bank to send a SWIFT bank wire to a user on-chain, which can be completed in a single action via the Ondo Chain. Similarly, a global investor will be able to purchase a security on the Ondo Chain, which will translate into a buy order on a TradFi exchange. Similarly, institutional investors will be able to pledge their treasuries as collateral in traditional repo markets, but have the resulting cash be converted into a yieldcoin asset that they can use in DeFi. The boundaries between the financial silos that currently exist will continue to blur, powered by the Ondo Chain and infrastructure Ondo is building.</p><p>Ondo Chain will allow for 24/7 trading, global assets, easier compliance, better rates, and new investment opportunities. Ondo goes into detail in their own blog post <a href="https://blog.ondo.finance/towards-the-open-economy/" rel="nofollow">here</a>.</p><h2>Selling Shovels during a Gold Rush</h2><p>Real world assets on-chain <a href="https://app.rwa.xyz/" rel="nofollow">are </a>accelerating ($8.5B at the start of 2024 vs $17B at the start of 2025) because it benefits both token creators and buyers.</p><p>On-chain users get access to yields from off-chain sources, while RWA creators can hold huge volumes of assets, charge menial fees on them, and invest them elsewhere for additional yield. RWAs supercharge DeFi because it brings some of the trust guarantees of RWA yield on-chain, which can be hyper-collateralized, margin-traded, and wrapped to create limitless derivative tokens. In effect, a single RWA dollar boosts the GDP of the on-chain economy multiple fold.</p><p><a href="https://ondo.finance/global-markets" rel="nofollow">Ondo Global Markets</a> allows access to tokens backed 1:1 by traditional assets, Bridge transfers RWA tokens across chains, and Nexus offers instant minting and redemption for clients. Instead of each bank having their proprietary channels, they can all use Ondo Chain to remove the administrative bloat of traditional finance, while giving users easy access to on-chain yields, and giving developers a single platform to build on top of, instead of having to create a product with each individual bank.</p><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffc38ed0b-e61b-4f49-ad61-3398c087fd0f_1330x514.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/5fe3bf8aa938a9f43eb2e1e7efb5f5d9.jpg" alt=""></source></picture><div><div><div></div><div></div></div></div></div></a></figure></div><p>DeFi promised a dream of financial accessibility, interoperability, and transparency. More than a decade later, we may finally have the infrastructure to begin connecting the web2 world with the web3.</p><blockquote><p>- Paul Veradittakit</p></blockquote><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F76c37f8c-287f-4fad-b3a5-d2f6afd13b71_1538x690.png" rel="nofollow"><div><picture><source><img src="https://static.fwimg.io/img/feed/88b35ab921bbce110a586e405e4a9d50.jpg" alt="" title=""></source></picture><div><div><div></div><div></div></div></div></div></a></figure></div><div><div><p>Thank you for reading VeradiVerdict. This post is public so feel free to share it.</p></div><p><a href="https://www.veradiverdict.com/p/rwa-is-the-gold-rush?utm_source=substack&amp;utm_medium=email&amp;utm_content=share&amp;action=share" rel="nofollow"><span>Share</span></a></p></div><div><hr></div><h2><strong>DIGESTS</strong></h2><h4><strong><a href="https://www.coindesk.com/coindesk-news/2025/02/12/el-salvador-dispatch-berlin-the-bitcoin-marvel-hidden-in-the-mountains" rel="nofollow">El Salvador Dispatch: Berlín, the Bitcoin Marvel Hidden in the Mountains</a></strong></h4><p>Berlín, a city of 20,000 people, is home to El Salvador’s second Bitcoin circular economy. “Bitcoin City already exists. It’s called Berlín,” said one resident.</p><div><hr></div><h2><strong>BUSINESS</strong></h2><h4><strong><a href="https://www.coindesk.com/markets/2025/02/12/goldman-sachs-disclosed-ownership-of-bitcoin-etfs-here-s-why-it-doesn-t-mean-much" rel="nofollow">Goldman Sachs Disclosed Ownership of Bitcoin ETFs. Here's Why It Doesn't Mean Much</a></strong></h4><p>The bank's clients are likely involved in the basis trade, rather than making a directional bet, said an analyst.</p><h4><strong><a href="https://decrypt.co/305711/robinhoods-crypto-revenue-soars-700-in-q4-driving-record-profit" rel="nofollow">Robinhood's Crypto Revenue Soars 700% in Q4, Driving Record Profit</a></strong></h4><p>Robinhood has clocked an eye-watering jump in crypto revenue driven partly by renewed investor interest in digital assets last year.</p><div><hr></div><h2><strong>REGULATION</strong></h2><h4><strong><a href="https://www.coindesk.com/policy/2025/02/12/trump-has-made-his-major-decisions-on-his-crypto-regulation-team-now-also-occ" rel="nofollow">Trump Has Made His Major Decisions on His Crypto Regulation Team, Now Also OCC</a></strong></h4><p>With picks at the banking agency and consumer watchdog, the field of major nominees is mostly complete, showing a deep roster of finance and federal know-how.</p><h4><strong><a href="https://decrypt.co/305677/what-sec-truce-binance-means-coinbase-crypto-lawsuits" rel="nofollow">What the SEC’s Truce With Binance Means for Coinbase and Other Crypto Lawsuits</a></strong></h4><p>Legal experts are split on whether the move truly signals the end of the regulator’s years-long crypto crackdown.</p><div><hr></div><h2><strong>NEW PRODUCTS AND HOT DEALS</strong></h2><h4><strong><a href="https://decrypt.co/305699/b3-ethereum-gaming-token-base-new-high-airdrop" rel="nofollow">B3 Ethereum Gaming Token on Base Jumps to New High Price After Airdrop</a></strong></h4><p>B3 bucked a recent trend for airdropped tokens, with the Base gaming token jumping to a new high after its Monday launch.</p><h4><strong><a href="https://decrypt.co/305591/think-airdrop-neurotech-startup-solana-token-brainwaves" rel="nofollow">'Think-to-Airdrop': Russian Neurotech Startup Plans to Offer Solana Token for Brainwaves</a></strong></h4><p>Neiry Lab, the research firm behind the Pythia AI rat experiment, is set to roll out a feature that will pay users to sell their EEG data.</p><div><hr></div><h2><strong>THIS WEEK AT PANTERA</strong></h2><h4><a href="https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3Dqse-1ZH_0gk&amp;data=05%7C02%7Cpaul%40panteracapital.com%7C2fb5c977dd774de1761d08dd4c9508c8%7Ce177276363bf431a837c6301e6b62d6a%7C0%7C0%7C638750925176418483%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=tBjiAlgv9VxgkO5Fnmg0hlA%2Bn0rL7nuh7SOkPwQ%2FDrA%3D&amp;reserved=0" rel="nofollow">Why 2025 Could be Crypto’s Biggest Year</a></h4><p>Dan Morehead and Raoul Paul, CEO of Real Vision discusses why 2025 will be a consequential year for the industry. Dan and Raoul have known each other for 25 years and have both been investing in crypto for over a decade.</p><h4><a href="https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fx.com%2Fjonathangieg%2Fstatus%2F1886501605849358590%3Fs%3D46%26t%3Dwc6CHSJsZbGNSC3Xkc7Yug&amp;data=05%7C02%7Cpaul%40panteracapital.com%7C2fb5c977dd774de1761d08dd4c9508c8%7Ce177276363bf431a837c6301e6b62d6a%7C0%7C0%7C638750925176442225%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=xamOZo4Pwr4PWRd4pOYkzoVvVmqtzvqxsWJWwl2nkTg%3D&amp;reserved=0" rel="nofollow">Token Launch Tips</a></h4><p>We brought an all-star group of Pantera portfolio companies together to share their insights in an exclusive Token Launch Roundtable.</p><h4><a href="https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fpanteracapital.com%2Fblockchain-letter%2Fheadwinds-becoming-tailwinds%2F&amp;data=05%7C02%7Cpaul%40panteracapital.com%7C2fb5c977dd774de1761d08dd4c9508c8%7Ce177276363bf431a837c6301e6b62d6a%7C0%7C0%7C638750925176462318%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=uXmA72O%2FwihwdPstkNXr1qtEOwCmi64tkwVJPLnsIE0%3D&amp;reserved=0" rel="nofollow">Pantera Blockchain Letter: Headwinds Becoming Tailwinds</a></h4><p>This issue dives into macro trends, the paradigm shift in crypto, capital inflows and Solona ecosystem growth and adoption.</p><h4><a href="https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Farchive.is%2F0n9TJ%23selection-1727.0-1727.61&amp;data=05%7C02%7Cpaul%40panteracapital.com%7C2fb5c977dd774de1761d08dd4c9508c8%7Ce177276363bf431a837c6301e6b62d6a%7C0%7C0%7C638750925176477444%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=TtBzjsGslDoNWjrguNZV1gNoU2e2IjiVAuPEusTQIII%3D&amp;reserved=0" rel="nofollow">US Endowments Join Crypto Rush by Building Bitcoin Portfolios</a></h4><p>Financial Times chats with Franklin Bi, Pantera General Partner on how endowments and foundations participating in crypto.</p><div><div><div><p>Thanks for reading VeradiVerdict! Subscribe for free to receive new posts and support my work.</p></div><div><div></div><div></div></div></div></div><div><hr></div><h2><strong>LETS MEET UP</strong></h2><p>Singapore, February 17</p><p><a href="https://consensus-hongkong2025.coindesk.com/" rel="nofollow">Consensus</a>, Hong Kong, February 18-21</p><p><em>Walks and coffee meetings in San Francisco throughout the year!</em></p><div><hr></div><h2><strong>ABOUT ME</strong></h2><p>Hi, I’m <a href="https://twitter.com/veradittakit" rel="nofollow">Paul Veradittakit</a>, a Managing Partner at <a href="https://www.panteracapital.com/" rel="nofollow">Pantera Capital</a>, one of the oldest and largest institutional investors focused on investing in blockchain companies and cryptocurrencies. I’ve been in the industry since 2014, and the firm invests in equity, early stage token projects, and liquid cryptocurrencies on exchanges. I focus on early-stage investments and share my thoughts on what’s going on in the industry in this weekly newsletter.</p>

RWA is the Gold Rush

<VeradiVerdict - Issue #324>

VeradiVerdict - 第324期

GM(Good Morning) 이더리움(ETH), 솔라나(SOL), 유니스왑(UNI), 이더리움 클래식(ETC), 크립토닷컴 코인(CRO), 리도(LDO), 후오비 토큰(HT), 밸런서(BAL), 옵티미즘(OP), 컴파운드(COMP), 이더리움 네임서비스(ENS), 알위브(AR), 노시스(GNO), 카데나(KDA), 치아(XCH), 아스타(ASTR), 온톨로지(ONT), 앰프(AMP), 수이(SUI), 알케미페이(ACH), 플레이댑(PLA), DeFiChain(DFI), Ronin(RON), Gains Network(GNS), 프로젝트 갤럭시(GAL), 리퀘스트(REQ), 온톨로지가스(ONG), 크로미아(CHR), 엔케이엔(NKN), 신고가, 디크립트(Decrypt), 판테라(Pantera Capital), 솔라나(Solana), 트론(TRON), 체인링크(Chainlink), 유니스왑(Uniswap), 프롬(Prom), 덴트(Dent), 바이(Vai), 렌(Ren), AVA, Radio Caca(RACA), 킨(Kin), 에어드랍, 비트(Bit), 블록, 자본, 합의, 수탁인, 파생 상품, 링크(Chainlink), 시장 메이커, 페깅, 무신뢰성, 거래량, 토큰 생성 이벤트(TGE), 초당 거래 수(TPS), 이더리움 요청 사항(ERC), 초기 토큰 제공(ITO), 인터컨티넨탈 거래소, 미디엄(Medium), 운영자산(AUM), 자산 수익률(ROA), 효과적인 지분 증명(EPoS), 유동성 공급자(LP), 민트(Mint), 거래량, 패러다임.</p>GM(Good Morning) 이더리움(ETH) 게임 토큰 B3가 에어드랍 후 새로운 고가를 기록했습니다. 러시아 뇌공학 스타트업 Neiry Lab은 솔라나(SOL) 토큰을 제공하는 '생각-에어드랍' 기능을 출시할 예정입니다. 

판테라(Pantera Capital)의 CEO 댄 모어헤드와 실비전(Real Vision)의 CEO 라울 폴이 2025년이 암호화폐 업계에 중요한 해가 될 것이라고 말했습니다. 판테라는 토큰 출시에 대한 통찰력을 공유하는 라운드테이블을 개최했습니다. 판테라의 블록체인 레터에서는 거시 경제 동향, 암호화폐의 패러다임 전환, 자금 유입 및 솔라나(Solana) 생태계의 성장과 채택에 대해 다루었습니다. 금융 타임스는 판테라의 파트너 프랭클린 비가 대학 기금과 재단들이 비트코인 포트폴리오를 구축하고 있다고 보도했습니다.

RWA는 골드 러시입니다

시장 분석에 따르면 11월 21일 이후 일별 RSI가 50 중간선 아래에 머물러 있습니다. 현재 일별 RSI를 관찰하고 있는 상황에서 50 중간선을 돌파할 가능성이 보입니다.
핵심 관점:
-
상승 신호: RSI가 50 중간선을 성공적으로 돌파하면 롱(Long) 좋은 기회가 될 것입니다.
-
이중 공명: 현재 위치에서 50일 지지선을 돌파하면 일봉 하락 이동평균선 또한 필연적으로 돌파하게 됩니다.
-
추세 반전: 이중 돌파는 거래량의 반전과 추세의 돌파를 모두 의미하며, 기술적 관점에서 매우 중요한 신호입니다.

거래 신호 | BTC 스레드

CoinFound와 ME News는 공동으로 주간 스테이블코인 보고서를 발행하여 지난주 스테이블코인 시장의 주요 정보를 검토했습니다.
기사 작성자 및 출처: ME News
(1) 전반적인 시장 상황
- 총 시총: 3,203억 8천만 달러로, 지난주(3,221억 8천만 달러) 대비 0.5% 시총 했습니다.
- 거래량: 1조 8600억 달러 (7일 기준 +30.57%)
- 활성 주소: 1,858만 개 (7일 전 대비 -0.16%)
- 보유자 수: 2억 4,346만 명 (7D +0....)

CoinFound 스테이블코인 주간 보고서(12월 22일): USDT 지배 하에서 규제 및 제도적 통합이 병행되고 있습니다.

마켓 업데이트는 독자들에게 최신 시장 보고서와 주요 디지털 자산 데이터를 제공하는 것을 목표로 합니다.

작성자: 0xArthur
출처: ME News 대부분의 암호화폐 시장 부문이 상승했으며, NFT 부문은 지난 24시간 동안 8.92% 상승했습니다. NFT 부문 내에서는 Audiera(BEAT)가 63.88% 급등했고, Pudgy Penguins(PENGU)와 APENFT(NFT)는 각각 0.63%와 2.56% 상승했습니다. 또한 비트코인(BTC)은 1.05% 상승하며 89,000달러를 돌파했고, 이더리움...