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Ondo Finance Acquires Strangelove to Boost Its RWA Ambitions
In a major move aimed at accelerating the development of its full-stack on-chain real-world asset (RWA) infrastructure, Ondo Finance has announced that it has acquired Strangelove, a team renowned for its expertise in building modular and open-source blockchain solutions.
This strategic acquisition is expected to significantly expand Ondo’s engineering and product capabilities, ultimately enabling the company to build its own blockchain infrastructure from scratch. This move underscores Ondo’s commitment to bringing real-world assets onto a blockchain, at scale.
As part of this deal, Jack Zampolin, CEO of Strangelove, has joined Ondo Finance as Vice President of Product, where he will be responsible for leading the technical direction and product development from start to finish. This collaboration marks a significant milestone in Ondo’s quest to create an end-to-end infrastructure that can handle the complexities of RWAs.
Ondo’s vision is no longer reliant on third-party integrations but instead focuses on developing its own blockchain, complete with omnichain asset issuance features and a reliable RWA protocol system. This bold move will undoubtedly bring more control and speed to their platform, allowing users to seamlessly engage in RWA-related activities without relying on external infrastructure.
The acquisition is seen as a game-changer for Ondo Finance’s plans to revolutionize the real-world asset sector.
Source: www.crypto-news-flash.com
