Crypto Project Announces Partnership With Top Asset Manager

As collaborations flourish in the cryptocurrency landscape, recent developments have emerged from the real-world asset (RWA) sector.

Ondo Finance, a notable player in the RWA altcoin space, has joined forces with Wellington Management, a prominent asset management firm overseeing assets exceeding $1 trillion.

This partnership will facilitate intraday redemptions for Wellington’s newly established tokenized U.S. Treasury Fund.

The collaboration aims to enhance the infrastructure of this fund, named the Delta Wellington Ultra Short Treasury On-Chain Fund, positioning it as a pioneer in integrating traditional assets with blockchain technology. This initiative is supported by Libeara, a leading tokenization platform that is part of Standard Chartered’s SC Ventures.

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Nathan Allman, the CEO of Ondo Finance, expressed enthusiasm about the collaboration, emphasizing the significance of enabling 24/7 redemptions.

He highlighted that this feature will optimize the utility of tokenized assets for various applications, including collateral management and cross-border transactions within the digital asset ecosystem.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.