Quick take:
- The announcement comes as tokenised real-world assets become more popular amid rising interest from crypto companies to tokenise treasuries, stocks and private credit.
- The value of on-chain tokenised real-world assets has already surpassed $24 billion, up from about $10 billion in April last year, according to RWA.xyz.
- The investment is part of Ondo Finance’s bid to grow its exposure to tokenised assets after launching its tokenisation platform earlier this year.
Ondo Finance, the RWA tokenisation firm, has linked up with crypto venture firm Pandera Capital to launch a $250 million fund focused on tokenised real-world assets. According to Ondo’s chief strategy officer, Ian De Bode, the fund plans to invest in both equity and token projects in the real-world asset tokenisation space.
The announcement comes as interest in tokenised real-world assets continues to rise, with crypto companies looking to bring treasuries, stocks and private credit to the blockchain.
According to tokenised real-world asset tracking platform RWA.xyz, the value of real-world assets on-chain surpassed $24 billion in June, up from $10 billion in April 2024. A big percentage of that figure is comprised of private credit, which accounts for about $14.3 billion, while U.S. treasuries have crossed $7.4 billion.
The new fund boosts Ondo Finance’s exposure to tokenised real-world assets, just months after launching its tokenisation platform early this year.
Commenting on the announcement, De Bode told Axios: “Traditional financial markets don’t work 24/7 — but crypto markets do. The types of services that you would want to see on chain … requires a little bit of rewiring of how some of these DeFi protocols are built.”
“Fundamentally, at some point, the question is going to be ‘why would I hold my asset on chain versus off chain in a brokerage account?’” asked De Bode. “That ecosystem of applications needs to get built.”
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