Ondo Finance announced it is partnering with Wellington Management, one of the leading asset managers.
Ondo Finance announced it is partnering with Wellington Management, one of the leading asset managers, making it the latest major traditional finance player to plunge into tokenized securities. The partnership will see Wellington offer the Delta Wellington Ultra Short Treasury On-Chain Fund, a new addition to the tokenized real-world asset market.
The effort is being facilitated by Libeara, a financial technology company backed by the venture division of Standard Chartered. As part of the partnership, Ondo brings its 24/7 redemption functionality, which gives investors the right to manage or exit a position at any time, which is crucial for integrating with DeFi protocols.
According to Ondo Finance CEO Nathan Allman, constant redemption accessibility is a core strategic necessity. It serves as the foundational reason why tokenized assets can be used as collateral and why cross-border settlements can take place throughout the digital asset ecosystem.
This comes at a time when the RWA market has grown at an astonishing rate; total assets have expanded more than 60% in 2024 alone to break through the $13 billion threshold. The trend reflects an institutional position of an increasing nature, which is set toward bridging traditional finance with blockchain technology.
Ondo Finance has also partnered with the world's largest asset manager BlackRock. It is already facilitating BlackRock's BUIDL fund for redemptions, the biggest tokenized treasury fund by market capitalization at $533 million.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
