Ethereum

Ondo

DeFi

BlackRock

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>ONDO leads the top of RWA coins, with the entire sector gaining momentum.</li> 
 <li>The move in prices comes after BlackRock’s announcement.</li> 
 <li>BlackRock’s new initiative is called the BlackRock USD Institutional Digital Liquidity Fund, and it’s developed in partnership with Securitize.</li> 
</ul> 
<p>BlackRock’s one-chain initiative seems to have been enough to pump the whole RWA category the other day.</p> 
<p>The most important coins in the top RWA are still surging in price, as you can see in the chart.</p> 
<p><a href="https://www.coingecko.com/en/coins/ondo" rel="nofollow noopener" target="_blank">ONDO</a> is the leader, and at the moment of writing this article, the coin is trading in the green, and it’s priced at $0.8, up by almost 39% in the past 24 hours.</p> 
<figure id="attachment_36087" aria-describedby="caption-attachment-36087" style="width: 100%" class="wp-caption alignnone">
 <a href="https://www.coingecko.com/en/categories/real-world-assets-rwa" rel="nofollow noopener" target="_blank"><img fetchpriority="high" decoding="async" class="wp-image-36087 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/03/FireShot-Capture-902-Top-Real-World-Assets-RWA-Coins-by-Market-Cap-CoinGecko_-www.coingecko.com_.png" alt="Top 10 RWA Coins" width="1622" height="804" title="ONDO Leads Top RWA Coins, Following BlackRock's $100M Tokenized Asset Fund On Ethereum 1" srcset="https://crypto.ro/en/wp-content/uploads/2024/03/FireShot-Capture-902-Top-Real-World-Assets-RWA-Coins-by-Market-Cap-CoinGecko_-www.coingecko.com_.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/03/FireShot-Capture-902-Top-Real-World-Assets-RWA-Coins-by-Market-Cap-CoinGecko_-www.coingecko.com_-300x149.png 300w, https://crypto.ro/en/wp-content/uploads/2024/03/FireShot-Capture-902-Top-Real-World-Assets-RWA-Coins-by-Market-Cap-CoinGecko_-www.coingecko.com_-1024x508.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/03/FireShot-Capture-902-Top-Real-World-Assets-RWA-Coins-by-Market-Cap-CoinGecko_-www.coingecko.com_-768x381.png 768w, https://crypto.ro/en/wp-content/uploads/2024/03/FireShot-Capture-902-Top-Real-World-Assets-RWA-Coins-by-Market-Cap-CoinGecko_-www.coingecko.com_-750x372.png 750w, https://crypto.ro/en/wp-content/uploads/2024/03/FireShot-Capture-902-Top-Real-World-Assets-RWA-Coins-by-Market-Cap-CoinGecko_-www.coingecko.com_-1140x565.png 1140w" sizes="(max-width: 1622px) 100vw, 1622px"></a>
 <figcaption id="caption-attachment-36087" class="wp-caption-text">
  Top 10 RWA Coins
 </figcaption>
</figure> 
<p>On Thursday, ONDO briefly reached a new all-time high price point as the overall crypto market showed signs of quick recovery following the Federal Reserve’s second policy meeting of the year.</p> 
<p>ONDO is the native token of Ondo Finance, a tokenized real-world asset (RWA) platform that aims to make institutional-grade financial products and services “available to everyone.”</p> 
<p>The token was launched on January 18 with a market cap of $150 million and a fully diluted valuation of $870 million.</p> 
<h2 id="the-pump-in-rwa-sector-follows-blackrock-s-announcement">The pump in RWA sector follows BlackRock’s announcement</h2> 
<p>The RWA market is DeFi is small but vibrant, and the other day, it saw a surge in most of the coins following <a href="https://crypto.ro/en/news/blackrock-creates-new-100m-tokenized-asset-fund-using-ethereum/">BlackRock’s announcement</a>.</p> 
<p>The world’s largest asset manager by assets under management has just submitted a form to the U.S. SEC for its initiative called the BlackRock USD Institutional Digital Liquidity Fund using Ethereum.</p> 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 <p lang="en" dir="ltr">This feels very important for <a href="https://twitter.com/search?q=%24Eth&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$Eth</a>!!! <a href="https://t.co/UJVnIhm5pJ" rel="nofollow" target="_blank">https://t.co/UJVnIhm5pJ</a></p> 
 <p>— Mike Novogratz (@novogratz) <a href="https://twitter.com/novogratz/status/1770196024113373255?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">March 19, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The fund is registered in the British Virgin Islands in partnership with Securitize, a San Francisco-based company.</p> 
<p>The details of the new fund are revealed in a new&nbsp;<a href="https://www.sec.gov/Archives/edgar/data/2013810/000201439024000001/xslFormDX01/primary_doc.xml" target="_blank" rel="nofollow noopener">March 19 SEC filing.</a></p> 
<p>On-chain data shows that the fund is seeded with an initial capital of $100 million on the Ethereum blockchain.</p>

ONDO Leads Top RWA Coins, Following BlackRock’s $100M Tokenized Asset Fund On Ethereum

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