OKX announces the listing of Ondo （ONDO）, an altcoin backed by Coinbase, leading to a surge in ONDO’s price.
Points
- OKX to list Ondo （ONDO）, backed by Coinbase.
- ONDO price rises following the announcement.
- Ondo Finance focuses on RWA tokenization.
- Details on ONDO’s products and market potential.
Leading cryptocurrency exchange OKX has announced the listing of a new altcoin, Ondo （ONDO）, backed by Coinbase. Following the news, the price of ONDO started to rise. The timeline for the listing includes opening deposits on July 29 at 15:00, currency trading on July 29 at 16:00, and withdrawals on July 30 at 18:00.
Ondo Finance specializes in the tokenization of real-world assets （RWA） to increase the liquidity and efficiency of financial markets. Its products include OUSG funds and USDY. The OUSG fund is a tokenized version of BlackRock’s iShares Short Treasury Bond ETF, offering liquid exposure to short-term U.S. Treasury bonds. USDY is an interest-bearing stablecoin backed by short-term U.S. Treasury securities and bank deposits.
解説
- Strategic Listing: The listing on OKX enhances ONDO’s market visibility and investor accessibility, driving up its price.
- RWA Tokenization: Ondo Finance’s focus on tokenizing real-world assets addresses liquidity and efficiency challenges in financial markets.
- Market Potential: The backing by Coinbase and innovative product offerings position Ondo Finance for significant growth and market adoption.
- Investor Interest: The rising price of ONDO reflects positive market sentiment and investor confidence in the project’s potential.
https://twitter.com/OndoFinance/status/1817566206712246776