Ondo Finance Unveils Ondo Chain to Revolutionize Real-World Assets in Cosmos
Breaking new ground in the crypto industry, Ondo Finance has introduced Ondo Chain, a fresh Layer 1 blockchain designed specifically to support institutional-grade Real-World Assets (RWAs). This revelation took place at the recent Ondo Summit in New York, culminating in a notable address by Donald Trump Jr. The Ondo Finance team expressed their confidence in the future, proclaiming, “The future of RWAs in the US looks bright, with potential for the US to become a global crypto hub.”
Ondo Chain marks a significant leap in RWA technology, boasting omnichain capabilities focused on validating collateral and enabling native margin functionalities. This initiative positions Ondo Chain as a key player in the growing domain of tokenized assets. Ondo Finance has already established its presence within the Cosmos ecosystem through a partnership with Noble, a digital asset issuer, facilitating the integration of tokenized treasuries and broadening the reach of Ondo’s US-backed products across more than 90 blockchains.
This collaboration has also led to the launch of USDY, a yield-bearing stablecoin tailored for the Cosmos ecosystem. These product unveilings underscore Cosmos’ importance as a network witnessing a flourishing RWA sector valued at over $35 billion.
Barry Plunkett, co-CEO of Interchain Labs, highlighted the growth potential in the Cosmos ecosystem, stating, “Cosmos stands at the forefront of the burgeoning RWA ecosystem, with Noble, Ondo Finance, Mantra, and other players entering the scene. The trend of real assets and companies embracing blockchain in Cosmos is inevitable—real assets and enterprises require genuine scalability and control.” This sentiment resonates with the ongoing momentum in the RWA market.
Despite challenges in the crypto market, compounded by President Trump’s tariff directives resulting in $2 billion in liquidations, Cosmos-based platform Mantra has strengthened its position with a remarkable 68% rise in the value of its OM token within the past two weeks. JP Mullin, co-founder and CEO of Mantra, emphasized the increasing legitimacy and scale of institutional interest, affirming, “Deals are growing in size. Institutional players are gaining unprecedented credibility. The stakes are higher than ever. And our ambition is stronger than ever.”
In essence, the launch of Ondo Chain and USDY reflects the growing acceptance and ingenuity surrounding RWAs within the Cosmos ecosystem. As institutions acknowledge the value and prospects of these digital assets, the landscape for RWA-based financial offerings and services looks promising, heralding a significant juncture in integrating real-world assets with blockchain technology.
