Ondo Finance’s Post

🤝 We're delighted to welcome Hex Trust into the Ondo Finance Ecosystem following an integration of $USDY and $OUSG into its fully-licensed custody solution! 🔒 Hex Trust is a digital asset custodian that provides solutions for protocols, foundations, financial institutions, and the Web3 ecosystem. From today, its users can custody two market-leading #yieldcoins from Ondo Finance. 🗣 Justin Schmidt, President of Ondo Finance, expressed, "We are thrilled to collaborate with Hex Trust, a distinguished digital asset custodian. This integration expands the reach of our yieldcoins to Hex Trust’s extensive client network.” 🗣 Alessio Quaglini, CEO & Co-Founder of Hex Trust stated, “We are excited to extend custody support to $USDY and $OUSG. Our bank-grade platform, designed to meet the strictest institutional requirements, now enables our clients to securely custody these market-leading assets.” 🚫 NOTE: USDY is not, and may not be, offered, sold or otherwise made available in the US or to US persons. USDY also has not been registered under the US Securities Act. #OndoFinance #FutureofFinance

Tokenized assets are revolutionizing the financial industry. They contain not just information about the asset, but also the rules that govern it. This includes the transactions that can be performed on the asset and how they can be executed. With this level of transparency, tokenized assets offer a new level of security and flexibility for investors. #Tokenization #FinancialIndustry #Transparency #dealbox Deal Box Ventures

After over a month of correspondence, Transferwise is starting to admit in cannot keep a track of funds flowing into my account. They have also admitted they have lost control of their system's mechanisms, unable to "verify" money in (whatever that means). Financial institutions are dangerous for the health of your personal finances. This is why I keep as little money in the "bank" as possible. While I know the legacy banking system is completely broken, I also know the rest of the world is still well behind when migrating to a more robust, decentralized solution such as cryptocurrencies. Therefore, I'm still stuck with the need to make "old world" payments. I am now actively looking for alternatives to Transferwise and I hope other users of this broken system heed my very poor experience. #wise #incompetent #banking

Financial Markets Institutions The Depository Trust & Clearing Corporation (DTCC), Clearstream and Euroclear advocate for Distributed Ledger Technologies #DLT and #DigitalAssets #Securities (DAS) adoption. They introduce the Digital Asset Securities Control Principle’s guide for #safe #digitalassets #securities #integration, emphasizes #riskidentification and #control for #DAS, #excluding #cryptocurrencies, and encourage #standardization and #interoperability for a #robust #digitalassets #ecosystem. What's the next next? A pivotal step of transitioning the stewardship of the #DASCP to a digital asset securities #industryassociation.

Ondo Finance has gained $42M TVL in less than 24 hours🔥 Having broken $420M in AUM, Ondo is officially the #1 player in tokenized public securities - ahead of BlackRock and Franklin Templeton. Interestingly, this is not the first time we have seen such crazy growth in the total value locked across its products.. On April 26th, Ondo's TVL grew by nearly $50M in a very similar timeframe. Ondo had just celebrated a big milestone, with USDY achieving $200M in TVL, though the huge jump in TVL on this occasion was in-fact OUSG. OUSG is positioned as a cash management and settlement solution, offering 24/7/365 instant settlement, backed by Blackrock's very own tokenized fund BUIDL, in which Ondo alone has contributed $140M of the total AUM. The Ondo website is yet to reflect this on-chain data, but it will be very interesting to see if this parabolic growth has once again been seen in its OUSG token specifically. 𝐔𝐩𝐝𝐚𝐭𝐞: $ONDO's website now reflects the on-chain data and OUSG's TVL is in-fact $185M🚀 In the comments you can find the resources I use to gather this data👇

Calling all Paraplanners! Did you know that Fintegrate can speed up your process and increase efficiency? ✅ Instant analysis of client portfolios with your CIP ✅ Ongoing suitability assessment made easy ✅ Automated Centralised Investment Proposition (CIP) management ✅ Efficient MiFID II and Consumer Duty compliance 📅 Arrange a demo today: https://lnkd.in/e_aW3GbX #FinTech #Fintegrate #FinancialPlanning #FinancialAdvice

Makor Group’s digital asset arm, Enigma Securities, launches access to on-chain yield products backed by real-world financial assets powered by OpenTrade Enigma Securities is a leading, FCA registered digital asset liquidity provider owned by Makor Securities, a traditional finance regulated agency broker which processes $10’s of billions of dollars in trades annually for its network of institutional clients. As an extension of its full-service trading solutions, Enigma has partnered with OpenTrade, a Circle-backed technology company that builds USDC / EURC real world financial asset yield products,to launch a new product that allows Enigma’s institutional clients to easily invest digital asset holdings in and out of U.S. Treasury Bill backed yield products through their existing OTC trading desk set-up. Read more here: https://lnkd.in/exSDXBbM

Join Jeremy Nau, CPA, CBP (The Network Firm), Clayton Lowery (The Network Firm), and Jeff Rundlet, CFA (Cryptio) to learn how Proof of Reserves reporting and reconciliation controls can help you to build trust and pass audits. We’ll be taking a deep dive into how you can: - Implement proof-of-reserves depending on your use case (exchange, custodian, ETF, fund). - Reconcile on-chain assets with customer liabilities in your internal database. - Meet regulatory and compliance requirements around Proof of Reserves. This webinar is designed for financial leaders interested in how they can practically introduce Proof of Reserves at their organization. Be sure to register here: https://lu.ma/rxhvqse6

Financial institutions know this challenge all too well 👇🏻 Launching a new product or service for digital assets is an exciting but also challenging process. For example, there are many aspects that can slow down a launch. Think about trading, custody, order processing, treasury management or financial administration - all of these functions require different technical solutions that take up a lot of time and effort for financial institutions. To address these challenges quickly, securely and efficiently, Trever, Hyphe and Tangany have developed Launchpad, an all-in-one software solution. "Launchpad covers every essential part of the operating model and increases the efficiency of financial institutions through a single technical integration. It also offers rapid scalability in a fast-growing market. In addition, security and compliance with EU regulations are a priority for us. It was very important to us that the entire solution is compatible with the EU Markets in Crypto Assets Regulation (MiCAR)," said Hans-Juergen Griesbacher, CEO and co-founder of Trever. Read more about this news: https://lnkd.in/e9r-Bsv5 #trever #hyphe #tangany #launchpad #digitalassettrading #digitalassets #digitalfinance #finance #banking

💥[Breaking News] We are delighted to announce 𝘁𝗵𝗲 𝗰𝗿𝗲𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗼𝘂𝗿 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁𝘀 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗹𝗶𝗻𝗲. This business line will enable CACEIS to position itself as the benchmark for digital asset servicing in Europe, permitting clients to benefit from our in-house digital expertise. 🚀𝗢𝘂𝗿 𝗼𝗳𝗳𝗲𝗿𝗶𝗻𝗴 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝘀 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝘀𝘀𝗲𝘁 𝗰𝘂𝘀𝘁𝗼𝗱𝘆 𝗮𝗻𝗱 𝗰𝗼𝘃𝗲𝗿𝘀 𝘁𝗵𝗲 𝗲𝗻𝘁𝗶𝗿𝗲 𝘃𝗮𝗹𝘂𝗲 𝗰𝗵𝗮𝗶𝗻, 𝗳𝗿𝗼𝗺 𝗶𝘀𝘀𝘂𝗶𝗻𝗴 𝘁𝗼𝗸𝗲𝗻𝗶𝘀𝗲𝗱 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝘁𝗿𝘂𝗺𝗲𝗻𝘁𝘀 𝘁𝗼 𝘁𝗵𝗲 𝗱𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗼𝗸𝗲𝗻𝗶𝘀𝗲𝗱 𝗳𝘂𝗻𝗱 𝘀𝗵𝗮𝗿𝗲𝘀. Read more➡️ https://ow.ly/Zksz30sCAcn #AssetServicing #AssetManagement #DigitalAssets #Tokenisation