BlackRock, the world's leading investment management giant, has taken a major step in the world of digital finance by launching the BlackRock USD Institutional Digital Liquidity Fund. The fund, which is listed in the British Virgin Islands, was launched in collaboration with Securitize, a company engaged in asset tokenization.
This effort caused a number of crypto assets focused on Real World Assets (RWA) to experience a significant surge as happened to Ondo Finance (ONDO) which is backed by big companies from the crypto industry itself.
Funding for RWA
The presence of Securitize signifies the potential of this fund in tokenization of real-world assets (RWA), a process that converts ownership of assets into blockchain tokens. The ONDO token from Ondo Finance, which operates on the RWA platform, surged by up to 20% after BlackRock's announcement, showing better performance than the CoinDesk 20 broad market index (CD20) and bitcoin, with a 12% gain in the last 24 hours.
The move of $100 million USDC from Circle on the Ethereum network to an address associated with Securitize led to speculation about an initial investment in the fund. The move follows BlackRock's footsteps in digital assets, including the launch in January of a spot-based bitcoin ETF that raised more than $15 billion in assets. BlackRock's CEO, Larry Fink, has stated that BTC and ETH ETFs are just the first step towards broader tokenization of the asset.
RWA tokenization is a growing sector at the intersection of digital assets and traditional finance, involving placing traditional assets on the blockchain to achieve faster and more efficient settlement. With this initiative, BlackRock and Securitize demonstrate their commitment to digital financial innovation.
Check the Crypto Market Today:
ONDO Price Increase Affected by BlackRock
The significant increase in ONDO price is a reflection of market optimism towards BlackRock and Securitize's move. The ONDO token, which is trading at $0.4944, is up 6.4% since yesterday, despite a 16.9% drop from its price 7 days ago.
At 15:17 WIB, Wednesday, 20/03/2024, the price of ONDO experienced a significant increase of 34.26% in the last 24 hours based on monitoring from Bittime data. This increase signals investor confidence in the potential tokenization of RWA assets and platforms.
Sumber: Bittime
Tokenisasi Aset: Jembatan Menuju Efisiensi Keuangan
Tokenisasi aset memungkinkan representasi kepemilikan aset nyata dalam bentuk token digital di blockchain, memfasilitasi penyelesaian real-time dan pelacakan transparan aset. BlackRock dan Securitize, melalui dana baru ini, berpotensi membawa tokenisasi ke tingkat yang lebih tinggi, dengan memperkenalkan aset tradisional ke rel blockchain.
Tokenisasi aset tradisional menawarkan berbagai manfaat, termasuk penyelesaian yang lebih cepat dan efisiensi yang meningkat. Dengan memanfaatkan teknologi blockchain, BlackRock dan Securitize dapat mengubah cara aset dikelola dan dipertukarkan, membuka peluang baru dalam keuangan digital.
Baca Juga Cara Beli Crypto:
Kesimpulan: Masa Depan Keuangan Digital
BlackRock and Securitize's move to launch a digital liquidity fund marks a new era in asset management and finance. With a focus on asset tokenization, they are at the forefront of innovation, promising more efficient settlement and greater transparency in asset ownership. The ONDO price increase is only the beginning of a larger transformation that will take place in the financial industry.
How to Buy Ondo Finance (ONDO) on Bittime
You can buy and sell ONDO coins in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
ONDO is available on Bittime with the ONDO/IDR market pair. To be able to buy ONDO IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Ondo Finance (ONDO) on Bittime.
Monitor the price chart movements of Ondo Finance (ONDO), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Ondo Finance (ONDO) Price Prediction, Will It Rise? Check Out the Analysis Here
Ondo Finance Presents Ondo Global Markets, a Liquidity Solution for Real-World Assets
Aptos Collaborates with Ondo Finance: Forges Strategic Efforts in RWA Tokenization
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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