ONDO FINANCE PASSES BLACKROCK IN VALUE LOCKED IN TOKENIZED TREASURIES, CROSSES $521 MILLION
- Ondo Finance passed BlackRock in tokenized treasuries, crossing $521 million, according to recent data.
- BlackRock’s Securitize protocol lags behind by nearly $2 million, with a 12% increase in the total value of assets locked in the past month.
- ONDO’s value increased by 9% on Tuesday, likely to rally nearly 25% to $0.92 target.
Asset management giant BlackRock lags behind in the value of tokenized treasuries locked in their protocol, compared to Ondo Finance’s (ONDO). The project is the governance token of a cross-chain DeFi platform for tokenizing real-world assets (RWA).
BlackRock is one of the key entities focused on the tokenization of real-world assets and led a $47 million funding round for Securitize, the firm that ranks second in terms of market capitalization in the sector.
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