Ondo Finance, a popular DeFi platform to bridge conventional finance with blockchain via RWA tokenization, has announced the inclusion of Euler Finance, an Ethereum-based DeFi lending platform, into the Global Markets Alliance. This highlights Euler Finance’s devotion to transparent and open lending, aligning with the objective of the latter to revolutionize the interaction between conventional financial tools such as ETFs and blockchain ecosystems. The platform revealed this initiative in a recent social media post shared on its X account.
Euler Finance Joins Global Markets Alliance to Boost On-Chain RWA Interaction
According to Ondo Finance, Euler Finance is now becoming a part of the Global Markets Alliance. The key purpose of this development is to redefine the conventional financial instruments’ interaction with blockchain entities. The Global Market Alliance is a strategic coalition that focuses on bridging the on-chain real-world assets (RWAs) via resilient standardization and infrastructure.
Apart from that, the Global Markets Alliance is rapidly becoming a leading initiative for the RWA integration into decentralized world. Now, with the inclusion of Euler Finance, the Alliance obtained a robust contributor to bolster security and transparency standards concerning tokenized finance.
Along with Euler Finance and Ondo Finance, the Alliance also has several other notable participants. They include the key players like Solana Foundation, Trust Wallet, Bitget Wallet, Jupiter, Coingecko, Galaxy, Fireblocks, and more.
Establishing Transparent Standards for RWA Tokenization While Also Advancing Innovation
Ondo Finance is a noteworthy platform dealing with products concerning tokenized treasury and institutional-level RWAs. It has expedited its presence when it comes to bridging conventional markets with the broader on-chain infrastructure.
What’s more, Euler’s engagement boosts this approach with an improvement in lending mechanisms to tokenize assets. Overall, while the RWA tokenization is gaining traction, Euler Finance and Ondo Finance’s inclusion into the Global Market Alliance underscores a joint effort to establish transparent standards while also promoting innovation.
