BlackRock suffers defeat in RWA at hands of Ondo Finance, market cap crosses $521 million

📆 06/08/2024 15:51:00
📰 FXStreetNews

⏱ Reading Time:
24 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 72%

Cryptocurrencies News

Ireland Ireland Latest News,Ireland Ireland Headlines

Asset management giant BlackRock lags behind in the value of tokenized treasuries locked in their protocol, compared to Ondo Finance’s (ONDO).

Ondo Finance passed BlackRock in tokenized treasuries, crossing $521 million, according to recent data. BlackRock’s Securitize protocol lags behind by nearly $2 million, with a 12% increase in the total value of assets locked in the past month.

’s market capitalization is $521.28 million while asset management giant BlackRock’s Securitize stands at $519.31 million. BREAKING $ ’s price extends gains by 9% on Tuesday, trading at $0.7478 at the time of writing. The governance token of Ondo Finance could extend gains by nearly 25% and rally towards its target of $0.9245, the upper boundary of a Fair Value Gap in the

is now out of the “oversold” zone and reads 31.92, suggesting a buy signal.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BlackRock's $500M Tokenized Fund Pitches for Ethena's RWA Investment PlanKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »

MakerDAO's $1B Tokenized Treasury Investment Plan Draws Interest from BlackRock's BUIDL, Ondo, SuperstateKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »