Trump-Backed World Liberty Financial Increases Investment in Ondo Finance, Scooping Up $470K in ONDO Tokens
World Liberty Financial, the decentralized finance (DeFi) platform supported by President Donald Trump and his family, has made a significant investment in Ondo Finance, the second-largest issuer of tokenized Treasuries.
A wallet associated with World Liberty Financial purchased approximately 342,000 ONDO governance tokens for $470,000 USDC on the CoW Protocol, according to Arkham Intelligence data. This follows an initial investment in ONDO two months ago, when the platform acquired tokens worth $245,000. The tokens were recently moved to Coinbase Prime, further indicating the platform’s continued interest in Ondo Finance.
This move coincided with the announcement from Ondo Finance that it will launch its own layer-1 blockchain specifically designed for tokenized assets, a major development that could expand the platform’s capabilities and offerings.
As of now, ONDO is trading at $1.298, reflecting a 3.7% decrease in the past 24 hours amid a broader market decline. The CoinDesk 20 Index has fallen by 3.1% over the same period. In addition to ONDO, World Liberty Financial has also been accumulating other assets such as TRX and wrapped Bitcoin (WBTC), continuing to build its diverse crypto portfolio.
