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Ondo Finance confirms partnership with Trump’s WLFI after yesterday’s glitch

In this post:

  • Ondo Finance has formally announced a partnership with WLFI with the goal of promoting the adoption of tokenized real-world assets (RWA).
  • WLFI users who meet the requirements will be able to use Ondo Global Markets’ coins giving them access to thousands of real-world assets that are all fully onchain.
  • World Liberty Financial bought tens of millions of dollars worth of Ether as markets crashed.

It is now official! Ondo Finance has formally announced a partnership with World Liberty Financial (WLFI), a Web 3 platform backed by the Trump family on its social media account. The goal is to promote the adoption of tokenized real-world assets (RWA).

In the new post, the organization wrote, “ We’re excited to announce a strategic collaboration with Worldlibertyfi (WLFI) to advance the adoption of tokenized real-world assets and bring traditional finance on-chain.”

The post affirmed that WLFI is looking into adding Ondo’s tokenized assets to the WLFI network as treasury reserve assets. These include US Dollar Yield Token  (USDY) and  Short-Term US Government Treasuries (OUSG).

Ondo has further explained that WLFI also wants to add USDY, OUSG, and tokenized securities from Ondo’s upcoming Global Markets to the WLFI platform. These will only be offered to non-US citizens outside of the US to the extent that is legally allowed.

According to the company, it will also make it easier for eligible users to borrow, lend, and trade on margin. 

WLFI users who meet the requirements will be able to use Ondo Global Markets’ coins. It will give them access to thousands of real-world assets that are all fully on-chain.

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Both parties have acknowledged this partnership.  Donald Trump Jr., Web3 Ambassador at World Liberty Financial, said, “Our collaboration with Ondo Finance marks a significant step forward in aligning traditional financial systems with blockchain innovation.”

He added, “By integrating Ondo’s tokenized assets, we’re providing our network with access to traditional financial assets and new yield opportunities.”

Is this how Trump plans to establish a strategic reserve?

The co-founder of President Trump’s DeFi project, World Liberty Financial, Chase Herro, said that the company plans to use the tokens bought to create a “strategic reserve.”

However, Herro didn’t say what the point of having a token backup for World Liberty would be. But since the President promised to make one while running for office last year, the subject has been very popular. 

He signed an executive action last month that called for evaluating the creation of a digital asset stockpile. This has been met with the question of: Is the POTUS forgetting all about the Bitcoin reserve?

This new move is now very suspicious. The two companies did a lot of business last week. When Ondo Finance started Ondo Global Markets on February 5, the goal was to give people on the blockchain access to U.S. stocks, bonds, and exchange-traded funds. 

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Ondo revealed on February 6 the launch of Ondo Chain, a new Layer 1 blockchain that will make it faster to build institutional-grade financial markets onchain. World Liberty Financial bought about $470,000 worth of Ondo Finance’s native token on the day that the company launched its blockchain.

Nathan Allman, CEO of Ondo Finance, said, “We’re thrilled to work with World Liberty Financial to bring the benefits of tokenized real-world assets to their platform and users. This collaboration highlights the growing demand for institutional-grade on-chain solutions that deliver stability, liquidity, and utility at scale.”

In addition, World Liberty Financial bought tens of millions of dollars worth of Ether. This was done after the crypto markets crashed over the weekend when the US president temporarily put taxes on Mexico and Canada. World Liberty has been advertised as a DeFi lending tool, but it hasn’t been put into use yet. The project has been known to buy specific tokens so far.

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