A wallet identified as belonging to World Liberty Financial, a 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 acquired approximately 342,000 ONDO, the governance token of the platform, for $470,000 USDC on the CoW Protocol, as per data from Arkham Intelligence. This investment follows an initial purchase of ONDO two months ago, which was worth $245,000 at that time. Notably, the tokens were subsequently sent to Coinbase Prime earlier this week.
This transaction coincides with Ondo’s announcement today regarding its launch of a layer-1 blockchain specifically designed for tokenized assets. This strategic move is expected to enhance the utility and accessibility of tokenized treasuries in the DeFi space.
As of now, ONDO is trading at $1.298, reflecting a decline of 3.7% in the last 24 hours, amidst a broader market downturn that has seen the CoinDesk 20 Index drop by 3.1%. Market conditions are proving to be challenging, yet investments in projects such as Ondo could indicate confidence in the long-term potential of tokenized assets.
In addition to ONDO, the Trump family-backed DeFi project has also been actively accumulating TRX and wrapped Bitcoin (WBTC), signaling a diversified investment strategy aimed at solidifying its position within the evolving DeFi landscape.
