Latest news with #WallStreet2.0
Yahoo
30-05-2025
- Business
- Yahoo
Wall Street 2.0: What stablecoins did for the dollar, Ondo is doing to capital markets
Wall Street 2.0: What stablecoins did for the dollar, Ondo is doing to capital markets originally appeared on TheStreet. The old system still sleeps. Closes on weekends. Clears trades in days. Moves money in loops and calls it 'settlement.' A slow maze of custodians, paper trails, and batch processors dressed up as modern finance. Everyone nods. No one questions the lag. It's a scaffold of rules and rituals. Stitched together by inertia, policy, and trust in institutions that forgot how to earn it. Then stablecoins exposed the whole thing. They didn't just digitize the dollar, they outperformed it. Moved faster. Worked harder. Never closed. The result? A $230 billion asset class, foundational to crypto and leaking into TradFi like a quiet virus. A dollar that didn't need permission. Nathan Allman, founder and CEO of Ondo Finance saw it early. The Markets aren't built for a world that never closes. 'The financial system wasn't designed for the world we live in—it was stitched together over centuries,' he wrote. 'It's a patchwork of middlemen, paper trails, and private databases.' 'We have global investors, 24/7 assets, and programmable money. But the infrastructure they run on is still built around banking hours.' 'That's the disconnect we're addressing.' OUSG isn't a whitepaper. It's a pipeline. It wraps short-term U.S. Treasuries into a tokenized instrument that behaves like software. Internet-native yield. Real-time liquidity. Fully composable. It's not trying to be flashy. It just works. This isn't a concept. It's already in motion: -$1.3 billion in Treasuries tokenized between OUSG and USDY -BlackRock's BUIDL sits around $2.9b -Franklin Templeton's fund holds roughly $752b The total tokenized RWA market has surpassed $7 billion and it's no longer just theory. It's becoming standard infrastructure. 'Our approach is simple,' Allman says. 'Tokenize high-quality, yield-bearing assets. Wrap them in code. Make them programmable. Make them liquid.' 'What we've seen with OUSG is that institutions want the yield of Treasuries, but they also want the speed and composability of crypto. We're giving them both.' Earlier this month, Ondo integrated PayPal's PYUSD, bridging Treasuries and a major fiat-backed stablecoin. The result? Investors can now convert between sovereign debt and digital dollars instantly, on-chain. No wires. No waiting. Just finality. 'Finance is built on conversions,' Allman said in a recent statement. 'If you can't convert between assets instantly, at scale, you don't have real liquidity—you just have accounting entries.' The ambition isn't subtle. 'What stablecoins did for the dollar, Ondo will do for capital markets.' Not a tagline. A declaration of intent. Stablecoins cracked one flaw. Dollars couldn't function online. The rest of finance never caught up—yield markets, settlement logic, compliance theater—all still trapped in a paper-era fantasy of how money's supposed to move. Ondo's rewriting the stack—liquidity without pause, compliance baked into the logic, capital that moves like it forgot friction was ever a thing. 'We're not trying to create parallel universes,' Allman says. 'We're building bridges—between legacy finance and programmable finance.' The world is catching on. The World Economic Forum, Citi, and Bank of America all estimate tokenized assets could hit $5–10 trillion by 2030 Ondo isn't projecting it. Ondo is routing it. 'We're not here to disrupt,' Allman says. 'We're here to rebuild. The rails. The flow. The logic of how capital moves.' Ondo isn't projecting it. Ondo is routing it.' Most people can't move money without a delay. They can't see all their assets in one place. They can't borrow against U.S. Treasuries unless they're already rich or plugged in. Meanwhile, the machinery is unmistakably antiquated—batch processes, blind spots, and rails built for a slower world Wall Street 2.0: What stablecoins did for the dollar, Ondo is doing to capital markets first appeared on TheStreet on May 30, 2025 This story was originally reported by TheStreet on May 30, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-02-2025
- Business
- Yahoo
Trump's crypto company launches strategic 'token reserve'
By Michelle Conlin NEW YORK (Reuters) - World Liberty Financial, the new crypto platform in which President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum and other cryptocurrencies "that are at the forefront of reshaping global finance." WLF said in a statement posted on X on Tuesday that its new token reserve would enable it to mitigate market volatility, empower the company to invest in innovative projects in decentralized finance, and develop a well-capitalized reserve. It also said it would seek strategic partnerships with financial institutions to contribute tokenized assets to the WLF reserve. WLF did not respond to a request for comment. The White House and the Trump Organization also did not respond to requests for comment. The announcement comes at a time when Trump and his family businesses are increasingly turning to making money from the world of crypto. In addition to WLF, the Trump family's holdings include a majority stake in Trump Media & Technology Group, a social-media-and-streaming company that on January 29 announced it was pivoting into financial services tied to crypto. Three days before his inauguration, the president also launched his $Trump meme coin. Millions of dollars, including $100 million in fees alone off of the meme coin, have poured into entities connected to the president's new suite of crypto companies. WLF has already seen token sales of $500 million, by Reuters calculations. In January, Trump said his assets, which are in a revokable trust, would be managed by his children while he is in office. World Liberty Financial launched two months ahead of the U.S. presidential election. Trump and his affiliates own a 60% stake in its holding company and are entitled to 75% of revenues and 22.5 billion tokens, according to the company's website. The news comes just three days after Donald Trump Jr., the president's eldest son, made a surprise appearance at the Ondo Summit in New York City, billed as Wall Street 2.0. There, Trump and company founders told attendees, most of whom were from traditional finance, that WLF's aim was to bridge the gap between the world of crypto and mainstream retail investors such as teachers, firemen and dentists. Donald Trump Jr. emphasized the need for a regulatory framework that would allow 'crypto to flourish.' Crypto, he said, is the 'future of finance' and the 'future of American hegemony.' (Reporting By Michelle Conlin and Lawrence Delevingne; Editing by Leslie Adler) Sign in to access your portfolio
Zawya
12-02-2025
- Business
- Zawya
Trump's crypto company launches strategic 'token reserve'
NEW YORK: World Liberty Financial, the new crypto platform in which President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum and other cryptocurrencies "that are at the forefront of reshaping global finance." WLF said in a statement posted on X on Tuesday that its new token reserve would enable it to mitigate market volatility, empower the company to invest in innovative projects in decentralized finance, and develop a well-capitalized reserve. It also said it would seek strategic partnerships with financial institutions to contribute tokenized assets to the WLF reserve. WLF did not respond to a request for comment. The White House and the Trump Organization also did not respond to requests for comment. The announcement comes at a time when Trump and his family businesses are increasingly turning to making money from the world of crypto. In addition to WLF, the Trump family's holdings include a majority stake in Trump Media & Technology Group, a social-media-and-streaming company that on January 29 announced it was pivoting into financial services tied to crypto. Three days before his inauguration, the president also launched his $Trump meme coin. Millions of dollars, including $100 million in fees alone off of the meme coin, have poured into entities connected to the president's new suite of crypto companies. WLF has already seen token sales of $500 million, by Reuters calculations. In January, Trump said his assets, which are in a revokable trust, would be managed by his children while he is in office. World Liberty Financial launched two months ahead of the U.S. presidential election. Trump and his affiliates own a 60% stake in its holding company and are entitled to 75% of revenues and 22.5 billion tokens, according to the company's website. The news comes just three days after Donald Trump Jr., the president's eldest son, made a surprise appearance at the Ondo Summit in New York City, billed as Wall Street 2.0. There, Trump and company founders told attendees, most of whom were from traditional finance, that WLF's aim was to bridge the gap between the world of crypto and mainstream retail investors such as teachers, firemen and dentists. Donald Trump Jr. emphasized the need for a regulatory framework that would allow 'crypto to flourish.' Crypto, he said, is the 'future of finance' and the 'future of American hegemony.' (Reporting By Michelle Conlin and Lawrence Delevingne; Editing by Leslie Adler)
Reuters
12-02-2025
- Business
- Reuters
Trump's crypto company launches strategic 'token reserve'
NEW YORK, Feb 11 (Reuters) - World Liberty Financial, the new crypto platform in which President Donald Trump holds a financial stake, announced that it was unveiling a strategic token reserve designed to bolster Bitcoin, Ethereum and other cryptocurrencies "that are at the forefront of reshaping global finance." WLF said in a statement posted on X on Tuesday that its new token reserve would enable it to mitigate market volatility, empower the company to invest in innovative projects in decentralized finance, and develop a well-capitalized reserve. It also said it would seek strategic partnerships with financial institutions to contribute tokenized assets to the WLF reserve. WLF did not respond to a request for comment. The White House and the Trump Organization also did not respond to requests for comment. The announcement comes at a time when Trump and his family businesses are increasingly turning to making money from the world of crypto. In addition to WLF, the Trump family's holdings include a majority stake in Trump Media & Technology Group (DJT.O), opens new tab, a social-media-and-streaming company that on January 29 announced it was pivoting into financial services tied to crypto. Three days before his inauguration, the president also launched his $Trump meme coin. Millions of dollars, including $100 million in fees alone off of the meme coin, have poured into entities connected to the president's new suite of crypto companies. WLF has already seen token sales of $500 million, by Reuters calculations. In January, Trump said his assets, which are in a revokable trust, would be managed by his children while he is in office. World Liberty Financial launched two months ahead of the U.S. presidential election. Trump and his affiliates own a 60% stake in its holding company and are entitled to 75% of revenues and 22.5 billion tokens, according to the company's website. The news comes just three days after Donald Trump Jr., the president's eldest son, made a surprise appearance at the Ondo Summit in New York City, billed as Wall Street 2.0. There, Trump and company founders told attendees, most of whom were from traditional finance, that WLF's aim was to bridge the gap between the world of crypto and mainstream retail investors such as teachers, firemen and dentists. Donald Trump Jr. emphasized the need for a regulatory framework that would allow 'crypto to flourish.' Crypto, he said, is the 'future of finance' and the 'future of American hegemony.'
