BlackRock sends Ondo to +10% – but it’s not clear why. Or maybe yes. The response of the markets.
Ondo it is among the best of an already very happy day for the sector, despite having corrected from the peak reached a few hours ago. We are talking about a project token that is perhaps more serious than tokenization of real assets, which runs on news that in reality concerns BlackRockalthough always in the world of assets tokenized.
In fact, BlackRock is said to be in dialogue with various exchanges, including Binance, It will be a joke e OKXso that the token $BUILD – token representing its fund money market tokenized, is used as collateral for derivative contracts.
This is a step forward not only for BlackRock and its tokenization projects, but also for the entire sector, with a crypto financial market that does so structuring itself in a more detailed way.
Yes, ok, but why $ONDO?
Because it is somewhat of the most representative token of the asset tokenization sector. A token that ended up earning almost as much after the news 10% on the market. However, it is not yet clear how the token could benefit from this news BlackRock – if not for the fact that Ondo uses BUILD as collateral for OUSG.
However, it matters little for the markets – which they have decided to transform $ONDO in a sort of thermometer for the performance of this specific sector.
The news of the attempted collaboration between BlackRock and some of the most important exchange at least in the world of derivatives it has therefore run its course, with $ONDO which is confirmed as the most important token in this sector. Sector on which we have invited our readers to pay their attention, also due to the participation of fund managers of the proportions, in fact, of BlackRock.
Non solo BlackRock
It’s not just there BlackRock to run in the sector. It’s there too Franklin Templeton and in all likelihood managers of equal size will arrive.
People like the sector, it helps the management of certain funds a lot, makes them cheaper and above all leaves control of the entire infrastructure to the fund manager – except for technical issues which he deals with, in this case, Ethereum.
These are excellent signals therefore not only for $ONDObut also for the most important of blockchain that offer smart contracts and creation of token.
A clear signal: who was talking about institutions now far away from the crypto world and that they would never return after the series of scandals (starting with that of FTX). Prophets of doom who always celebrate funerals without a corpse.
