RWA

Tokenized real-world assets (RWA) platform Ondo Finance announced Tuesday the unexpected death of founder Nathan Allman. Longtime president Ian De Bode will take over management. Ondo Finance is one of the largest RWA platforms in crypto, managing billions in tokenized assets.

The world’s largest asset manager files to expand its tokenized fund lineup as real-world asset tokenization grows 200% year over year.

OpenTrade Secures a16z-Backed Funding Stablecoin yield and RWA lending platform OpenTrade raised $17 million, led by Mercury Fund and Notion Capital. The platform’s TVL has exceeded $200 million, targeting neobanks and fintechs.