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The investment occurred as Ondo announced the introduction of its own blockchain for tokenized assets.
By Krisztian Sandor, Francisco Rodrigues|Edited by Sheldon Reback
Feb 6, 2025, 5:21 p.m. UTC
What to know:
A wallet identified as belonging to World Liberty Financial, the decentralized finance (DeFi) platform backed by President Donald Trump and his family, has deepened its investment in Ondo Finance, the second-largest issuer of tokenized Treasuries.
The address scooped up about 342,000 ONDO, the platform’s governance token, for $470,000 USDC on the CoW Protocol, according to data from Arkham Intelligence. It first bought ONDO two months ago, worth $245,000 at the time, before sending the tokens to Coinbase Prime earlier this week.
STORY CONTINUES BELOW
The transaction happened as Ondo today announced that it will introduce its own layer-1 blockchain designed for tokenized assets.
ONDO is trading at $1.298, down 3.7% in the last 24 hours amid a wider market downturn that has seen the CoinDesk 20 Index drop 3.1%.
Along with ONDO, the Trump family-backed DeFi project has also been accumulating TRX and wrapped Bitcoin (WBTC).
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
Disclosure
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