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.
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.
Ark Invest has made another significant purchase of Coinbase shares, acquiring a total of 64,358 shares for $11.5 million on Monday, as the stock plummeted by 17.6% during a turbulent market session.
Deutsche Boerse’s Clearstream is set to offer cryptocurrency custody and settlement solutions to institutional clients, starting in 2025.
Kraken has strengthened its UK presence by obtaining an Electronic Money Institution (EMI) license from the Financial Conduct Authority (FCA).
Bybit, a leading cryptocurrency exchange, has faced a significant setback in its market position following a massive security breach that resulted in the theft of $1.5 billion worth of assets in February.