Ondo Finance Welcomes WisdomTree to Global Markets Alliance
Ondo Finance has announced that WisdomTree, a global asset manager with $131 billion in assets under management, has joined the Ondo Global Markets Alliance. This move marks a significant development in the alliance, building on WisdomTree’s earlier collaboration with Ondo Finance.
Background on the Partnership
WisdomTree’s earlier collaboration with Ondo Finance was in an advisory capacity during the development of Ondo Chain, the Layer 1 blockchain launched earlier this year. As a formal member of the Alliance, WisdomTree will now play a more active role in advancing the Alliance’s mission.
Mission of the Global Markets Alliance
The mission of the Global Markets Alliance is to enhance interoperability, liquidity, and compliance for tokenized real-world assets on Ondo’s Global Markets platform. This is achieved through a collaborative ecosystem where members work together to facilitate operations on the platform.
About the Global Markets Alliance
The Global Markets Alliance was launched in June by Ondo Finance and comprises 25 members as of August 1. Recent additions to the Alliance include BNB Chain, Bitget Global, Zodia Custody, LayerZero, Euler, and MEXC. Each member performs a distinct role within the ecosystem, including providing liquidity and trading infrastructure, secure storage and safekeeping of assets, technical support, and expertise on compliance and investment strategy.
Roles within the Alliance
Exchanges provide liquidity and trading infrastructure for tokenized assets, while custodians ensure secure storage and safekeeping of on-chain and off-chain assets. Blockchain and infrastructure providers contribute technical support, interoperability solutions, and network scalability. Asset managers, including WisdomTree, provide expertise on compliance, investment strategy, and tokenization standards, helping bridge traditional finance with on-chain markets.
Impact of the Partnership
The addition of WisdomTree to the Global Markets Alliance is expected to have a significant impact on the development of the platform. With WisdomTree’s expertise and resources, the Alliance will be better equipped to achieve its mission and enhance the overall functionality of the Global Markets platform. This, in turn, will benefit users and contribute to the growth of the ecosystem.