The decentralized Finance financial platform announced the creation of Global Markets Alliance – an industry partnership with an eight cryptocurrency portfolio, guardians and stock exchanges – aimed at accelerating the adoption of Onchain’s financial assets.
The alliance announced on Tuesday includes the Solana Foundation, Bitget’s portfolio, Jupiter Exchange, Trust Wallet, Rainbow, Bitgo, Fireblocks, 1 inch and Alpaki.
The announcement of ONDO suggested that more companies may soon join the alliance.
According to ONDO Finance, the initiative aims to “introduce capital markets” and establishing standards of interoperability of toxled shares.
Ondo Finance is focused on tokenization of assets in the real world, and recently launched blockchain layers 1 adapted to institutional Onchain resources. The platform offers toxled tax products supported by the US government debt.
According to the latest industry data, users have involved almost $ 1.4 billion for the ONDO ecosystem.
Related: BainLink, JPMorgan, Ondo Finance Complete Crosschain Treasury settlement
The RWA tokenization market is constantly growing
The RWA toxicated market has increased by 260% this year, partly driven by a more favorable regulatory environment in the United States and the growing demand for American financial products around the world.
According to the Binance research report, excluding Stablecouins, the total RWA market valued at $ 23 billion. The growth was managed by the toxicated private loans and tax bonds of the USA.
Several cryptographic companies are developing to the RWA market, trying to introduce classic financial assets.
According to Cointelegraph, the Alchemy Pay cryptographic payment platform cooperated with a tobantenization company supported to introduce 55 tokenized funds in the USA. The tokenized assets will be available to jurisdiction with narrow access to American financial markets.
Meanwhile, the Robinhood retail platform apparently develops tokenized offers for European investors, with plans to toxhenize a private loan.
Related: RWA foundation: How do issuers provide 1: 1 dowel with tokenized assets?
