The thrust of the tokenization of real assets (RWA) on the Solana blockchain develops as finance Ondo has extended to the network. As announced on X, the RWA holding institutional quality said that it was extending its steering solution to Solana. Based on the previous history, this bridge integration has a massive positive advantage for soil and Ondo, the native active ingredients of the two protocols.
Ondo Finance and Solana Rwa Alliance
According to the announcementOndo DECENTRALIVED VERIFER Network (DVN) extended to Solana. With him, the work chain can be linked to other EVM compatible channels like Ethereum, Arbitrum and Mantle.
As has noted, thanks to the deployment of the bridge, USDY holders can move assets on the largest cryptographic platforms to drive a new system of values. With more than $ 170 million USDY on Solana by total value locked on the tokenization Platform, users can now do more with this integration.
“This new bridge unlocks RWA mobility without friction, which allows users to move USDY in a fluid manner without introducing additional counterpart risks or require ineffective capital reserves”, indicates the ad, noting that “each USDY transfer between the chains is effective at the maximum of capital, not requiring additional external capital to fill the transfers, as it would be necessary in third party”.
In recent months, finance Ondo has collaborated with World Liberty Financial in order to drive its tokenization program. For his progress, he managed to place his token at the show.
Implications for Solana and Ondo Price
With an active product in high demand by institutional investors, the Ondo price can obtain an additional increase over time. Solana is a blockchain protocol established with millions of users. Access to liquidity, which can possibly flow into USDY and ONDO solutions supported in finance, can feed a large rally.
At the time of writing the editorial staff, Ondo's price has rebounded, up 1.05% in the last 24 hours to $ 0.92,15. Like Ondo, Solana also organized a break, up 2.20% in $ 24 to 150.55.
Ondo has other primary growth triggers, such as The recent Binance listThis can also help increase your price prospects. With lists more and more adoption and exchange, the accessibility of the token increases, creating the underlying part for a possible escape.
Meanwhile, there is an increasing quest for RWA tokenization in decentralized and traditional financial ecosystems. With its recent technology, Ondo Finance could soon be positioned to take a large market share.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who are enjoying writing on the actual applications of blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desires to educate people on cryptocurrencies inspire his contributions to the media and sites based on renowned blockchain. Benjamin Godfrey is a lover of sport and agriculture. Follow him X,, Liendin
Warning: The content presented may include the author's personal opinion and is subject to the market state. Do your market studies before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
✓ Share: