The RWA narrative adds yet another spark: with 4 billion in on-chain assets plus a perpetual contract platform, Ondo’s play is only getting bigger and bigger.

Wu Shuo learned that after the unexpected passing of founder Nathan Allman, Ondo Finance's new CEO Ian De Bode issued a public letter stating that Ondo's current on-chain asset size has approached $4 billion and will continue to advance along the development roadmap set by the founder. Ondo stated that in the future, it will expand from asset tokenization to trading, prime brokerage, and asset management, building an on-chain financial system covering stocks, ETFs, cryptocurrencies, commodities, and prediction markets. Its perpetual contract platform Ondo Perps is expected to go live in the coming weeks, supporting trading with tokenized real-world assets (RWA) as collateral.