Ondo Finance and Pantera to Invest $250M in Tokenized Real-World Assets
Ondo Finance and Pantera Capital plan to invest $250 million in real-world assets (RWAs) through a new fund called Ondo Catalyst, reflecting a growing focus on tokenization in the industry. Ondo's chief strategy officer noted an "arms race" in the tokenization market, with exchanges targeting tokenized stocks and ETFs. Robinhood has launched a layer-2 blockchain for trading tokenized US stocks and ETFs in Europe, while Kraken plans to offer similar services outside the US. Coinbase seeks regulatory approval for tokenized equities. Ondo Finance is enhancing its onchain finance initiatives, forming a Global Markets Alliance with crypto firms. The tokenized RWA market has surged by 380% since 2022, reaching $24 billion, driven mainly by private credit and US government debt. SEC Chair Paul Atkins emphasizes advancing innovation in tokenization following a regulatory shift.
