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DeFi

Trump-Backed World Liberty Financial Buys $470K ONDO Tokens

By admin
0 38

Trump-Backed World Liberty Financial Buys $470K ONDO Tokens

A wallet identified as belonging to World Liberty Financial, the decentralized finance (DeFi) platform backed by President Donald Trump and his family, has deepened its investment in Ondo Finance, the second-largest issuer of tokenized Treasuries.

The address scooped up about 342,000 ONDO, the platform’s governance token, for $470,000 USDC on the CoW Protocol, according to data from Arkham Intelligence. It first bought ONDO two months ago, worth $245,000 at the time, before sending the tokens to Coinbase Prime earlier this week.

The transaction happened as Ondo today announced that it will introduce its own layer-1 blockchain designed for tokenized assets.

ONDO is trading at $1.298, down 3.7% in the last 24 hours amid a wider market downturn that has seen the CoinDesk 20 Index drop 3.1%.

Along with ONDO, the Trump family-backed DeFi project has also been accumulating TRX and wrapped Bitcoin (WBTC).

Source

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