World Liberty Financial (WLFI), the Crypto project of the Trump family, revealed a partnership with Ondo, the giant of tokenization. WLFI is expected to integrate assets and token Rwa from the future Ondo platform in order to democratize the DEFI … and to preserve the status of the US dollar.
Ondo and World Liberty Financial teach themselves for the DEFI and the RWA
Ondo, one of the main tokenization protocols, has teamed up with World Liberty Financial (WLFI), the Crypto project of the Trump family, in order to democratize the tokenized active active people (RWA).
With a view to “integrating traditional finance on blockchain”, The WLFI platform plans to add the USDY and the Ousg, 2 assets tokenized by Ondo, to its cash flow. The USDY is a stablecoin backed by short-term monetary investments in US dollars, while the Ousg represents a fund backed by treasury bills (T-Bills).
In parallel with these assets already available on the blockchain, World Liberty Financial will also integrate token securities from Ondo Global Markets, the Ondo on-chain platform whose release is scheduled for 2025. The idea behind Ondo GM is, according to the available documentation, to “move the on-chain financial markets”.
🏠 Rwa and investment accessible to everyone: realistic or utopian promise?
To simplify the thing, Ondo wishes to allow everyone, around the world, to invest in actions, ETF or others thanks to blockchain and tokenization of American financial markets, all with interoperability and flexibility today absent from conventional platforms.
For WLFI, “this initiative aims to facilitate borrowing, loan and trading services on margin for eligible users,” can be read in the press release.
Our collaboration with Ondo Finance marks a major advance in the alignment of traditional financial systems with innovation blockchain.
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Decentralized finance and tokenization, red carpet for the US dollar?
Still in the press release, WLFI is described as a platform “committed to preserving the status of the US dollar” by promoting the adoption of US stable.
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While the raison d'être of the Trump clan platform remained unclear, the contours of its future are gradually taking shape.
Indeed, the American president and Jerome Powell very recently confirmed that the United States would not issue central banking currency (MNBC). In view of today's announcement, It would seem that the hegemony of the dollar continues its momentum thanks to decentralized finance (DEFI) and Rwa. An unimaginable hypothesis, however, shortly ago.
At a time when we write these lines, the RWA market weighs more than $ 17 billion.
Note: The press release relating to the announcement of the partnership between Ondo and World Liberty Financial had been officially published yesterday, but was quickly deleted. It has been republished today, and the reason behind this change was not specified.
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Source: press release
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