World Liberty Financial Expands Portfolio and Purchases 342.000 ONDO for Strategic Reserve
- World Liberty Financial Purchases 342.000 ONDO Tokens
- Ondo Finance launches blockchain for asset tokenization
- WLF plan includes creation of a strategic reserve
Trump's World Liberty Financial (WLF) has increased its position in Ondo (ONDO), acquiring 342.000 tokens for approximately $470.000. The move comes on the heels of a reorganization of its crypto asset holdings and coincides with the launch of Ondo Finance's new blockchain, Ondo Chain, which is focused on tokenizing real-world assets (RWA). This purchase reflects the interest continuous of the platform in strengthening its presence in the decentralized finance (DeFi) market.
World Liberty Financial ( @worldlibertyfi ) moved $307.41M in 8 assets to #CoinbasePrime 6 hours ago—as part of treasury management and business operations.
Shortly after, the project untaken 19,423 $stETH to $ ETH and further spent 5M $ USDC to buy 1,826 $ ETH at $2,738.… https://t.co/Rp9NAFUs5N pic.twitter.com/5bfIvJma7U
— Spot On Chain (@spotonchain) February 4, 2025
The transaction was conducted through CoW Protocol and marks a resumption of WLF’s acquisitions of ONDO, after a period of divestment. The platform had previously purchased ONDO in December 2024 and again on January 20, during Donald Trump’s presidential inauguration. However, prior to the new acquisition, WLF had divested its ONDO holdings, sending the tokens to other wallets and to Coinbase Prime. With the recent buyback, WLF has once again built a significant position in the token.
World Liberty Financial co-founder Chase Herro mentioned during Ondo Finance’s inaugural event in New York that the platform intends to form a “strategic reserve” of tokens, without detailing what the reserve will be used for. This announcement has sparked speculation about WLF’s intentions, especially considering the Trump family’s direct involvement in the project. Donald Trump is listed as the “Chief Crypto Advocate” on the platform’s official website, reinforcing the alignment between the project and the former US president’s vision for the crypto market.
World Liberty Financial has been diversifying its acquisitions in the crypto market. In addition to ONDO, the platform has stakes in assets such as USDC, Tron (TRX), AAVE, wBTC, ETH and other cryptocurrencies. It also recently purchased four Ethereum Name Service (ENS) domains, including “worldliberty.eth” and “trumpcoin.eth”, suggesting a possible interest in creating new initiatives within the memecoin sector.
The launch of Ondo Chain cements Ondo Finance’s position as one of the leading projects focused on tokenizing real-world assets. The new layer-1 (L1) blockchain will be permissioned, with institutional validator selection to ensure greater security and prevent attacks. Ondo Chain’s partners include major financial institutions such as Franklin Templeton, Google Cloud, McKinsey, ABN Amro, and Wellington Management. The tokenized RWA industry is already worth over $35 billion in total market value, and Ondo’s initiative could further boost this segment.
1/ Today, we're thrilled to announce Ondo Chain, our new Layer 1 blockchain purpose-built for institutional-grade RWAs.
Design advisors for the chain include new members of the Ondo Ecosystem: Franklin Templeton, Wellington Management, WisdomTree, Google Cloud, ABN Amro, Aon,… pic.twitter.com/a35GHB7OFW
— Ondo Finance (@OndoFinance) February 6, 2025
Meanwhile, WLF’s crypto assets have been experiencing a period of intense movement. On-chain data indicates that the company has transferred around $307 million in assets to Coinbase Prime, raising questions about a possible liquidation of part of its portfolio. The company, however, clarified that these transfers are part of its treasury management strategy and do not represent direct asset sales.
The acquisition of ONDO tokens reinforces World Liberty Financial’s commitment to positioning itself within the tokenization and DeFi space. The ONDO token, at the time of purchase, was trading at approximately $1,34, having recovered from recent declines. Market volatility and WLF’s strategic alignment with tokenization suggest that further investment may be on the horizon as the platform seeks to solidify its influence in the crypto ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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