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.
Development trends across major blockchain networks show Cardano pulling ahead in core contributions, while Ethereum continues to dominate the broader ecosystem despite a drop in participation.
Ink, the Layer-2 network incubated by Kraken and built on Optimism’s Superchain framework, is suddenly buzzing with on-chain activity.
Investor and entrepreneur Anthony Pompliano is rolling his private outfit, ProCap BTC LLC, into blank-check firm Columbus Circle Capital to form ProCap Financial, a new Nasdaq-listed business built around Bitcoin.
FTX’s legal team has moved to dismiss a $1.53 billion claim filed by Three Arrows Capital (3AC), calling it an exaggerated and baseless attempt to recover losses from risky trading.