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Ondo Finance Acquires Strangelove to Boost Its RWA Ambitions
Ondo Finance has made a significant move by acquiring Strangelove, a team renowned for its expertise in building modular and open-source blockchain infrastructure. This strategic acquisition is aimed at accelerating the development of Ondo’s full-stack on-chain Real-World Asset (RWA) platform.
The acquisition brings Jack Zampolin on board as VP of Product, who will lead the company’s technical direction and product development from start to finish. It’s clear that this partnership is not just about expanding engineering capabilities but a deliberate choice to merge Ondo’s vision with Strangelove’s expertise.
Strangelove’s core strengths include constructing cross-chain protocols, custom software development kits (SDKs), and robust validator nodes. With these assets now under its belt, Ondo Finance can accelerate the development of its own blockchain, encompassing omnichain asset issuance features and a reliable RWA protocol system.
This move is substantial for Ondo’s long-term strategy as it allows the company to bypass reliance on external infrastructure. The acquisition has been met with excitement from investors and enthusiasts alike, who are eager to see what innovations Ondo will be able to unleash with this newfound expertise.
Source: www.crypto-news-flash.com
