Ondo Finance Launches Powerful Global Markets Alliance to Accelerate RWA Tokenization
The world of decentralized finance (DeFi) is constantly evolving, seeking ways to bridge traditional finance with blockchain technology. A significant step in this direction is the recent announcement from Ondo Finance, a platform specializing in real-world asset (RWA) tokenization. They have launched a new industry partnership aimed at accelerating the adoption of onchain financial assets.
What is the Global Markets Alliance?
Ondo Finance has formed the Global Markets Alliance, a group of eight cryptocurrency wallets, custodians, and exchanges. This initiative seeks to bring traditional capital markets onto the blockchain, establishing standards for interoperability, particularly for tokenized stocks and other real-world assets.
Key members joining the alliance include:
- Solana Foundation
- Bitget Wallet
- Jupiter Exchange
- Trust Wallet
- Rainbow
- BitGo
- Fireblocks
- 1inch
- Alpaca
Ondo Finance indicates that more participants may join the alliance in the future.
Why is RWA Tokenization Gaining Momentum?
The market for RWA tokenization has seen substantial growth. Excluding stablecoins, the total tokenized RWA market reached $23 billion as of June, according to a Binance Research report. This growth is fueled by a more favorable regulatory environment in some regions and increasing global demand for access to traditional financial products via blockchain.
Key drivers of this growth include:
- Tokenized private credit
- Tokenized US Treasury bonds
Analysts suggest that 2025 is shaping up to be a significant year for the expansion of tokenized RWAs.
How Does the Solana Foundation and Bitget Wallet Fit In?
The inclusion of prominent entities like the Solana Foundation and Bitget Wallet in the Global Markets Alliance highlights the collaborative nature of this initiative. Wallets and blockchain foundations play a crucial role in providing the infrastructure and user access necessary for widespread adoption of tokenized assets. Their participation suggests a commitment to facilitating the secure and accessible transfer and management of RWAs onchain.
Examples of RWA Tokenization in Action
Ondo Finance itself is a prime example, offering tokenized treasury products backed by US government debt. The platform has seen significant user commitment, with nearly $1.4 billion in total value locked (TVL), more than doubling over the past year.
Other companies are also expanding into this space:
- Alchemy Pay partnered with Backed to launch 55 tokenized US exchange-traded funds (ETFs).
- Robinhood is reportedly developing tokenized stock offerings for European investors.
These initiatives demonstrate the increasing efforts to bring traditional financial liquidity and products onto the blockchain.
What Does This Alliance Mean for the Future of Onchain Finance?
The formation of the Global Markets Alliance by Ondo Finance, with key members like the Solana Foundation and Bitget Wallet, is a strategic move to accelerate the integration of real-world assets into the blockchain ecosystem. By bringing together diverse players from wallets, exchanges, and infrastructure providers, the alliance aims to tackle challenges related to interoperability, liquidity, and user access, paving the way for a more robust and interconnected onchain financial system powered by RWA tokenization.
In summary, this collaboration signals growing industry confidence and commitment to building the infrastructure required for the next phase of growth in decentralized finance, where tokenized real-world assets play a central role.
