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4 hours ago
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ARTICLE AD BOX
- Ondo Finance launches a global alliance with nine key crypto players to support tokenized real-world assets.
- The new platform allows non-US users to access traditional investments using crypto wallets.
Ondo Finance has officially launched the Global Markets Alliance, a major collaboration involving nine partners from various crypto sectors—from digital wallets, exchanges, to heavyweight custody providers. This alliance is here to encourage integration between traditional financial markets and the on-chain world through the tokenization of real assets.
1/ Today we're announcing the Global Markets Alliance, a historic alliance of leading wallets, exchanges, and custodians to bring capital markets onchain and set standards for the interoperability of onchain stocks.
This alliance includes:
• @SolanaFndn
• @BitgetWallet
•… pic.twitter.com/9JE1QRHKZO
— Ondo Finance (@OndoFinance) June 17, 2025
Ondo Finance Teams Up With Crypto Giants to Tokenize Real Investments
The names involved in this alliance are not new players. There are Solana Foundation, Trust Wallet, Rainbow, Bitget Wallet, Jupiter Exchange, BitGo, Fireblocks, 1inch, and Alpaca. Each has a fairly unique role in this ecosystem.
For example, BitGo comes with an institutional custody solution that is directly connected to the off-exchange settlement channel. Meanwhile, Fireblocks contributes MPC-based security technology. In terms of liquidity aggregators, Jupiter and 1inch are clearly the mainstays.
But that’s not all. Through a new platform called Ondo Global Markets, users from outside the US will be able to access previously limited investment products, such as US stocks and mutual funds. This access is done through the tokenization channel. So, instead of signing up with a traditional broker, they can simply use a wallet like Bitget or Rainbow, and just click.
On the other hand, CNF previously reported that Ondo has also partnered with Mastercard to expand the adoption of tokenization. Through a partnership with Mastercard’s Multi-Token Network (MTN), Ondo has begun to introduce digital investment securities. As a result, users can enjoy increased liquidity and faster and more flexible direct payment flows.
A $693M Token Proves the World Is Ready for Digital Finance
If you think about it, this is like translating old financial instruments into a new language. And it seems that this new language is being widely learned by many people. Ondo seems to understand which way the wind is blowing.
According to notes from their official blog, on June 11, 2025, they launched a token called OUSG on the XRP Ledger (XRPL) network. OUSG itself represents short-term U.S. Treasuries, aka short-term US government debt that has been tokenized.
The funny thing is, the launch of OUSG was not half-hearted. The initial capital was immediately $30 million. The token minting and redemption process is also made smooth using Ripple’s RLUSD stablecoin. According to the latest data, the OUSG supply now stands at $693 million, making it one of the largest in the market—right behind similar products from BlackRock and Franklin Templeton.
Furthermore, according to market data, the total volume for tokenized treasuries has now reached $7.2 billion. And that’s just from one asset class. Imagine if ETFs, private bonds, and other instruments started to enter the on-chain network too. The traditional financial world would definitely change shape.
However, not all the welcome came in the form of praise. Interestingly, shortly after the announcement of this alliance, the price of the ONDO token actually fell by more than 10% in 24 hours.
Is this an overreaction by the market that has not fully understood the prospects? Maybe. But looking at the total value locked (TVL) in Ondo which is now approaching $1.4 billion—more than double last year—the long-term trend seems promising.
It is not impossible that in the next few years, digital wallets that are currently used only to store stablecoins will become the main gateway to the global capital market.
English (US)