Ondo Finance Teams Up with Solana, BitGo in Push for Real-World Asset Tokenization
Ondo Finance has launched a new industry initiative called the Global Markets Alliance, teaming up with major players like the Solana Foundation and BitGo to drive the adoption of real-world asset (RWA) tokenisation on blockchain networks.
Announced on Tuesday, the alliance brings together eight prominent firms from the crypto and financial sectors, including Bitget Wallet, Jupiter Exchange, Trust Wallet, Rainbow, Fireblocks, 1inch, and Alpaca. Ondo noted that more participants may join shortly.
The new coalition aims to bridge traditional capital markets with decentralised finance by developing shared standards for interoperable, tokenised financial instruments.
Ondo Finance emphasised that the alliance is designed to help bring institutional-grade assets on-chain—a vision the company has steadily pursued, highlighted by the recent launch of its own layer-1 blockchain built specifically for tokenised financial products.
Ondo’s platform currently offers tokenised versions of U.S. Treasury-backed assets, allowing investors to gain exposure to government debt through blockchain-based instruments.
The project’s traction has been notable. According to data from DeFiLlama, Ondo’s total value locked has more than doubled over the past year, reaching nearly $1.4 billion as of mid-June.
The RWA sector has been on a steep upward trend in 2025, benefiting from improved regulatory clarity in the U.S. and heightened global interest in U.S.-based financial products.
Binance Research recently reported that the tokenised real-world asset market—excluding stablecoins—hit a valuation of $23 billion this June, marking a 260% increase since the start of the year.
Despite this growth, the announcement of the Global Markets Alliance has yet to boost Ondo’s native token, ONDO. Like many other altcoins, ONDO saw a steep decline in the last 24 hours, falling 11% to approximately $0.74, according to CoinMarketCap.
