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World Liberty Financial (WLF), a Trump-backed DeFi protocol, announced a partnership with Ondo Finance on Wednesday to accelerate the adoption of tokenized real-world assets (RWAs) and bring traditional finance on-chain.
The collaboration follows Ondo’s recent expansion, including the launch of Ondo Global Markets for on-chain stock and bond exposure and a new Layer 1 blockchain.
These assets are designed to offer yield opportunities and stability, which will enable the company’s users to access institutional-grade financial products without leaving the blockchain ecosystem.
According to the announcement, the partnership will see World Liberty Financial explore integrating Ondo’s flagship tokenized assets, including the U.S. Dollar Yield (USDY) token and Short-Term U.S. Government Treasuries (OUSG), into its treasury reserve.
“Our collaboration with Ondo Finance marks a major step forward in aligning traditional financial systems with blockchain innovation. By integrating Ondo’s tokenized assets, we’re providing our network with access to traditional financial markets and new yield opportunities, making DeFi more powerful and accessible than ever,” said Donald Trump Jr.
Through this integration, users can borrow, lend, and trade tokenized assets, with the goal of bringing Wall Street-like financial services to decentralized finance.
Following its Ondo Summit, Ondo Finance’s total value locked (TVL) surged to $650 million, up from $192 million a year ago. This expansion has contributed to a broader rise in tokenized RWA adoption, with the top 15 RWA protocols now holding a combined TVL of $8.61 billion, according to DeFiLlama.
A day later, the company unveiled Ondo Chain, a dedicated Layer 1 blockchain built to facilitate institutional-grade financial markets on-chain.
This move aligns with the company’s broader strategy of accumulating digital assets and expanding its presence in the DeFi space. Co-founder Chase Herro revealed the firm’s plan to build a “strategic reserve” with its token holdings.
On the day Ondo Finance launched its blockchain, World Liberty Financial purchased $470,000 worth of ONDO tokens.