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Cosmos ecosystem becoming home for RWAs as Ondo Finance reveals new L1

by SB Crypto Guru News
February 8, 2025
in Crypto Exchanges
Reading Time: 2 mins read
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The Cosmos ecosystem is becoming a hub for Real-World Assets (RWAs) with the recent announcement of Ondo Finance’s new Layer 1 blockchain purpose-built for institutional-grade RWAs, Ondo Chain.

Ondo Chain was revealed at the Ondo Summit in New York, which featured a surprise closing speaker, Donald Trump Jr. “The future of RWAs in the US is bright, and new leadership has the potential to make the US the global center for crypto,” posted the Ondo Finance account.

According to Ondo Finance’s blog, Ondo Chain is an omnichain network designed to support RWAs, with features like verified collateral and native margin capabilities.

Ondo Finance has already expanded its presence in the Cosmos ecosystem through its integration with digital asset issuer Noble, bringing tokenized treasuries to the platform and increasing the uptake of Ondo’s US-backed products across over 90 blockchains.

Noble’s partnership with Ondo Finance has also led to the launch of USDY, a native yield-bearing stablecoin for Cosmos ecosystem blockchains. This development highlights the growing importance of the Cosmos ecosystem in the burgeoning RWA segment with a market cap at over $35 billion today.

“Cosmos has the biggest emerging RWA ecosystem with [Noble], [Ondo Finance], [Mantra] and [REDACTED] coming soon. This should be no surprise that the world is coming on chain in Cosmos—real assets and real companies demand real scale and real control,” commented Barry Plunkett, co-CEO of Interchain Labs (formerly Skip Protocol).

Cosmos-based Mantra has also recognized the potential of RWAs in the space. Despite the broader downturn in the crypto markets following President Donald Trump’s tariff orders which caused $2 billion in liquidations, Mantra’s OM token remains up by over 68% in the last 14 days, reflecting rising institutional demand.

Mantra co-founder and CEO JP Mullin posted:

“The deals are getting bigger. The institutions are getting more credible than ever. The money involved is getting real. And we’re hungrier than ever.”

The launch of Ondo Chain and USDY demonstrates the increasing adoption of RWAs in the Cosmos ecosystem and the continued innovation and growth in RWA-based financial products and services.

BlocscaleBlocscale



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Tags: Bitcoin NewsCosmosCrypto NewsCrypto UpdatesEcosystemFinancehomeLatest News on CryptoOndoRevealsRWAsSB Crypto Guru News
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