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Ondo Finance Joins Mastercard’s MTN to Expand Tokenized Asset Access
Ondo Finance and Mastercard have announced a strategic partnership that will expand the scope of tokenized asset access. As a result, users can now seamlessly access enhanced liquidity for tokenized assets and direct payment rails.
In this groundbreaking collaboration, Ondo Finance is joining forces with Mastercard’s Multi-Token Network (MTN) to take traditional assets such as investment securities and make them available in digital form. By integrating Ondo’s Short-Term US Government Treasuries Fund (OUSG) onto MTN, businesses that have partnered with Ondo can enjoy the benefits of a tokenized asset experience.
This innovative collaboration will empower participating businesses to manage their cash without the constraints of traditional financial systems. Furthermore, they will be able to earn daily yields through 24/7 subscription and redemption mechanisms. This eliminates the need for stablecoin on-ramps or off-ramps, significantly simplifying the process.
The impact of this partnership is substantial, as it paves the way for a new era in decentralized finance (DeFi) and real-world asset ownership. The tokenized asset landscape has witnessed significant growth in recent years, with many experts predicting that the market will reach $600 billion by 2030.
In related news, zkSync Era experienced an astonishing surge of 953.79% in just 30 days, catapulting it to become the second-largest blockchain for real-world assets. Meanwhile, Mavryk Dynamics secured over $5 million in funding for its RWA network economy, further solidifying the sector’s promising future.
As a result, Mastercard and Ondo Finance’s collaboration will undoubtedly play a significant role in shaping the course of this burgeoning industry.
