- Ondo Finance and Chainlink partner to bring RWA to crypto.
- Together, they will launch Global Markets for stocks and ETFs on-chain.
- Trillions in real-world assets prepares to flood into the crypto market.
The crypto community is buzzing over the news of an exciting collaboration announcement between two popular blockchain projects, Ondo Finance and Chainlink. Both blockchains are especially popular for their activity in tokenizing real-world assets (RWAs). In particular, Ondo Finance and Chainlink partner to launch on-chain global market for stocks and ETFs powered by Chainlink oracles for real-time, tamper-proof pricing.
Ondo Finance and Chainlink Partner
To highlight, Ondo Finance is a popular blockchain project that made its debut this bull cycle. In detail, this blockchain project is known for designing institutional-grade platforms, assets, and infrastructure to bring financial markets on-chain. The blockchain’s native crypto asset is known as ONDO, and is one of the few altcoins that went on to hit new ATH prices last year, before the price of ETH began its rally.
According to CoinMarketCap analytics, the price of ONDO is currently trading at $0.92, indicating that the price of ONDO is down by almost 4% in the last 24 hours. The popular altcoin is currently boasting a total market cap of $2,928,929,634.52 and a 24-hour trading volume of $184,264,677.65. The price of ONDO is also presently over 55% below its latest ATH price set 9 months ago at $2.14.
As for Chainlink, a popular blockchain project known from the bull cycle before last, and could qualify as a legacy altcoin, has yet to set a new ATH this bull cycle. To highlight, Chainlink is known for its industry-standard oracle platform and for bringing the capital markets on-chain, whilst powering the majority of decentralized finance (DeFi). Indeed, Chainlink is a beast of a blockchain project.
According to CoinMarketCap analytics, the price of LINK is currently trading at $23.22, indicating that the price of LINK is down by only 0.35% in the last 24 hours. The popular altcoin is currently boasting a total market cap of $15,743,861,497.79 and a 24-hour trading volume of $806,041,696.33. The price of LINK is also presently over 55% below its latest ATH price set 4 years ago at $52.88.
RWA Blockchain Projects Collaborate
As we can see from the post above, these real-world asset (RWA) titans in the blockchain realm have come together to collaborate. In detail, Ondo launches Global Markets, bringing over 100 tokenized U.S. stocks & ETFs on-chain. Powered by Chainlink oracles for real-time, tamper-proof pricing, the crypto community is prepared to see trillions worth of real-world assets (RWAs) flood into the crypto market.
