Ondo Finance (ONDO) climbed to an all-time high, taking its share from the craze for newly launched tokens.
Real world products (RWA) ONDO, the native token of Ondo Finance-based blockchain project, reached an all-time high on February 22. The rise is due to investors’ interest in new staking-focused projects, as well as Aptos (APT) And ondo It also included a step taken within the scope of partnership between teams.
According to the statement made by the team, it is a token secured by US Treasury bonds and bank demand deposits offered by Ondo. USDY, integrated into the Aptos network. On the other hand, Ondo was built on Aptos. decentralized finance (DeFi) with protocol Thala It will also be integrated with announced.
About subject in the statement Bashar Lazaa, head of donations and ecosystem at the Aptos Foundation, hinted that this step would be beneficial for the ecosystem:
This will include the development of staking and restaking processes that increase the utility of tokenized assets and the capital efficiency of the platforms that support them. A partnership formed in the spirit of redefining digital finance, Ondo Finance’s native integration into Aptos is a step forward for accessible and seamless financial services.
According to CoinGecko data, Ondo, which saw its ATH level at $ 0.4615 on February 22, is traded at $ 0.411 at the time of writing.