Ondo Finance recently announced the launch of Ondo Chain, a new layer-1 blockchain dedicated to tokenizing real-world assets (RWAs). This initiative was highlighted during an event featuring Donald Trump Jr. as the surprise closing speaker. The chain aims to facilitate institutional-grade financial markets on-chain and has garnered support from major companies including Franklin Templeton, Wellington Management, and Google Cloud. A wallet associated with the Trump-backed World Liberty Financial project purchased $470,000 worth of Ondo's native ONDO tokens, underlining the project's backing by the Trump brand. Ondo Finance's goal is to enhance transparency and reduce fraud in financial markets, allowing asset managers to tokenize their assets more efficiently. With ONDO tokens now ranked as the 33rd largest cryptocurrency, the inclusion of traditional finance figures suggests growing institutional interest in blockchain technologies for market tokenization.

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