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#Is the Altcoin Rally Next?#


DeFi & L1L2 Weekly — 🤝 Canary Capital launched the Canary CRO Trust; JPMorgan settled a tokenised US Treasury fund on-chain with Ondo Finance and Chainlink
Chart of the Week
Ondo Finance partnered with JPMorgan and Chainlink to execute a cross-chain settlement of OUSG, a tokenised US Treasury security issued by Ondo Finance. The settlement was conducted between the test network of Ondo’s Ondo Chain, a public blockchain for tokenising real-world assets (RWAs), and JPMorgan’s permissioned Kinexys network — and powered by Chainlink’s CCIP for cross-chain interoperability. This test cross-chain settlement is seen as a milestone marking the adoption of RWAs on public blockchains at institutional level.

The value of tokenised US Treasuries on public blockchains has rapidly increased from less than US$1 billion in early 2023 to over $7 billion at the time of writing, with Ondo contributing over $1 billion alone through Ondo Short-Term US Government Bond Fund (OUSG) and Ondo US Dollar Yield (USDY).
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HamletMinhvip
· 05-23 02:56
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· 05-22 11:11
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· 05-22 09:50
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· 05-22 09:49
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