- World Liberty Financial shows strong faith in Ondo Finance, boosting its stake with a $470K investment amid market downturns.
- Ondo Finance’s launch of its Layer-1 blockchain is a step in tokenized asset development and DeFi growth.
- WLF’s strategic reserve plans and ties to the Trump family spark interest, with crypto regulations on the horizon.
World Liberty Financial (WLF), a DeFi platform backed by the Trump family, has ramped up its investment in Ondo Finance, acquiring $470,000 worth of ONDO tokens. The purchase, made on the CoW Protocol, saw the company secure 342,000 ONDO at a time when the token is down 15% over the past week. This signals WLF’s continued confidence in the altcoin despite market downturns. Two months prior, the platform had made a $245,000 investment in ONDO, which strengthened its optimistic view of the asset.
Ondo Finance’s Expansion Plans
In conjunction with this new acquisition, Ondo Finance has also announced its work developing its native Layer-1 blockchain. The new blockchain will allow for tokenized assets, an area that gained traction in the fintech. Besides, the move comes at a period when demand for DeFi solutions keeps growing worldwide.
The introduction of Ondo Chain represents a strategic move to enhance the platform’s ecosystem, potentially making ONDO more valuable in the long term. Additionally, this launch reflects a broader trend in crypto, where blockchain projects continue to innovate and push for greater scalability and usability.
World Liberty Financial’s Strategic Reserve
WLF co-founder Chase Herro disclosed that the platform intends to create a “strategic reserve” with the tokens it is acquiring. This move comes after the platform’s recent drawdown of nearly $35 million in digital assets, including amounts of AAVE, ENA, and WBTC.
Consequently, WLF’s treasury has seen a 90% reduction, which highlights the volatile nature of the DeFi space. However, the platform remains optimistic about its future, underscoring its commitment to building within digital assets.
Moreover, discussions around a potential strategic reserve have been gaining attention since President Trump’s 2024 campaign. The Trump administration has shown increasing support for crypto, including plans to evaluate creating a national bitcoin reserve. This could be crucial for shaping future crypto regulations.
Potential Conflicts and Questions Ahead
Despite its growing influence, WLF has faced scrutiny regarding potential conflicts of interest due to its ties to the Trump family. With Trump’s sons, Donald Jr, Eric, and Barron, listed as Web3 advisors, the platform’s activities are under the public’s watchful eye. However, WLF continues to push forward with its crypto initiatives, demonstrating its commitment to becoming a key player in the evolving DeFi ecosystem.
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