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.
Coinbase’s CEO, Brian Armstrong, announced the company’s plans to expand its workforce in the U.S. by hiring 1,000 new employees this year.
Changpeng Zhao, the founder of Binance, has voiced his concerns over the growing trend of quick-profit hunting in the cryptocurrency world, particularly among speculative investors, or “degens.”
Chris Larsen, the co-founder of Ripple, suffered a significant financial blow in 2024 when he lost over $661 million worth of XRP due to a security breach in the password management system LastPass.
BBVA has made a significant move into the cryptocurrency space, gaining approval from Spain’s securities regulator, CNMV, to offer Bitcoin and Ether trading.