In a strategic alliance, Ondo Finance has joined hands with Donald Trump-backed DeFi project World Liberty Financial. The collaboration envisions advancing the adoption of tokenized real-world assets (RWAs) and integrating traditional finance into the blockchain ecosystem.
Despite Ondo Finance’s significant milestone, the ONDO price struggles to recover from the recent crash. Nevertheless, speculation suggests that ONDO’s price may skyrocket to $2 or even $5. As a result, investors and traders are closely monitoring the platform’s future developments and ONDO’s corresponding market responses.
Ondo Finance-World Liberty Financial Partnership: What To Know
Ondo Finance, a tokenized real-world asset issuer, has entered into a strategic collaboration with the much-hyped World Liberty Financial. As per Ondo Finance’s X post, the partnership seeks to drive the mainstream adoption of tokenized Real-World Assets (RWAs) and merge traditional finance with blockchain.
In addition, this collaboration will see Ondo’s tokenized assets added to the World Liberty Financial (WLFI) network. This fortifies World Financial’s treasury reserves and strengthens its financial foundation. The World Liberty Financial will also integrate Short-Term U.S. Government Treasuries (OUSG) and U.S. Dollar Yield (USDY) tokens, allowing users to access lending and margin trading options.
World Financial Seeks to Support Ondo Global Market’s Growth
Notably, with the alliance, World Liberty Financial aims to support the growth of Ondo Global Markets, Ondo Finance’s platform that enables the tokenization of traditional financial assets. As part of the partnership, select WLFI users will be able to access tokens on Ondo Global Markets, unlocking exposure to thousands of real-world assets in a fully on-chain environment.
World Liberty Financial’s Web3 Ambassador Donald Trump Jr. expressed excitement for the joint venture with Ondo Finance. He posited that the partnership offers the WLFI network a secure source of yield, as well as access to traditional financial assets. He posited,
Our collaboration with Ondo Finance marks a significant step forward in aligning traditional financial systems with blockchain innovation. By integrating Ondo’s tokenized assets, we’re providing our network with access to traditional financial assets and new yield opportunities.
This development follows Ondo Finance’s recent introduction of Ondo Chain, a Layer 1 blockchain designed to advance institutional adoption of tokenized real-world assets.
ONDO Price Trades in Red, Targets $5
As of press time, ONDO price is at $1.31, marking a notable decline of 6.36% in a single day. However, over the past month, the ONDO price has secured gains of 12.38% despite a weekly dip of 2.23%.
According to market experts and analysts, the ONDO price will experience a bullish turnaround, reversing its current downward trend. Trader Tareeq presented a one-day chart of ONDO, predicting the token’s potential uptick to $2.5. Another analyst, JChains, provided a more bullish outlook, forecasting ONDO price to hit $5. Strengthening his prediction, he cited, “$5 is NOT just a dream—it’s the next level.”
Meanwhile, Kyren, a financial specialist, shared an ambitious forecast for ONDO. According to his research, ONDO is set for the next bullish resurgence, targeting $10.
The post Ondo Finance Collaborates with World Liberty Financial: Can ONDO Price Hit $2 or $5? appeared first on CoinGape.
