Ondo Finance Acquires Strangelove Labs, Strengthens RWA Platform Development
Ondo Finance Acquires Strangelove Labs, Strengthens RWA Platform Development
馃 Strange Love at Ondo
Ondo Finance has acquired Strangelove Labs to enhance its real-world asset (RWA) platform development. Key highlights:
- Former Strangelove CEO Jack Zampolin joins as VP of Product
- Acquisition brings expertise in cross-chain infrastructure and SDK frameworks
- Strengthens Ondo's position in omnichain asset issuance
This move follows Ondo's recent announcement of Ondo Chain, a purpose-built blockchain for institutional RWAs featuring:
- Permissioned validators to prevent front-running
- Native DeFi support for tokenized securities
- RWA-based network security
- Cross-chain messaging capabilities
We are excited to announce that Ondo Finance has acquired @strangelovelabs to accelerate our full-stack RWA platform development. This acquisition significantly expands Ondo鈥檚 engineering and product capabilities to develop infrastructure for bringing RWAs onchain, at scale.
Ondo Finance Expands USDY to Sei Network
Ondo Finance announces integration of USDY, their tokenized treasury product, with Sei Network's high-performance Layer 1 blockchain. **Key Points:** - USDY, the most widely adopted yieldcoin, expanding to new blockchain - Integration leverages Sei's ultra-fast infrastructure - Aims to enhance scalability of on-chain treasury yields Ondo Finance continues leading the tokenized treasuries market, offering 24/7 access to US Treasury yields through their products USDY and OUSG. [Learn more about the integration](https://blog.ondo.finance/usdy-is-coming-to-the-sei-network/)
Global Markets Alliance Expands in Latin America with Key Partners
The Global Markets Alliance continues its expansion into Latin America with several strategic partnerships: - **Ripio**, a crypto adoption leader with 10+ years of experience in LATAM, joins the alliance - **Mercado Bitcoin**, a major LATAM digital asset platform, strengthens the alliance's regional presence - **BNB Chain** integration will support 100+ tokenized US stocks, ETFs, and funds - **Bitget** users gain access to Ondo's tokenized assets The alliance aims to standardize tokenized markets globally and establish infrastructure for onchain capital markets. [Full BNB Chain announcement](https://blog.ondo.finance/bnb-chain-joins-ondo-global-markets/)
Ondo Finance Expands from Treasuries to Stocks
Ondo Finance, known for pioneering onchain US Treasury access, announces expansion into stock tokenization. Currently, over $90 trillion in US Treasuries and stocks remain largely inaccessible via blockchain technology. Key developments: - First company to scale tokenized US Treasuries - Planning to tokenize hundreds of stocks initially - Targeting thousands of stocks in future phases This initiative aims to bridge traditional finance with blockchain infrastructure, making a significant portion of the $90T market accessible onchain.
Kamino Finance Joins Global Markets Alliance, Integrates xStocks
**Kamino Finance**, a leading DeFi protocol on Solana, has joined the Global Markets Alliance to help standardize infrastructure for tokenized traditional assets. In a related development, Kamino has integrated **xStocksFi**, powered by Chainlink Data Streams, enabling tokenized equities as collateral on their lending platform. - 8 xStocks now supported: APPLx, GOOGLx, HOODx, MSTRx, NVDAx, QQQx, SPYx, TSLAx - Integration enables borrowing against tokenized stocks - Powered by Chainlink's high-frequency market data feeds This marks a significant step toward bridging traditional and decentralized finance.