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Eight leading crypto exchanges, custodians, and wallets have united to form the Global Markets Alliance, aiming to accelerate the adoption of tokenized financial assets onchain.
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This strategic partnership includes prominent players such as the Solana Foundation, Bitget Wallet, and Fireblocks, signaling a concerted effort to standardize interoperability in tokenized stocks.
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According to Ondo Finance, the alliance’s founding member, the initiative is designed to “bring capital markets onchain” and foster seamless integration across decentralized finance platforms.
Global Markets Alliance formed by top crypto firms to boost tokenized asset adoption, focusing on interoperability and expanding real-world asset tokenization.
Global Markets Alliance: Pioneering Tokenized Asset Adoption and Interoperability
The formation of the Global Markets Alliance marks a significant milestone in the evolution of decentralized finance (DeFi), as it brings together eight influential crypto wallets, custodians, and exchanges to drive the mainstream adoption of tokenized assets. This collaboration aims to establish industry standards that enhance the interoperability of tokenized stocks, a critical step toward integrating traditional capital markets with blockchain technology.
Ondo Finance, a key architect behind the alliance, has positioned itself at the forefront of real-world asset (RWA) tokenization by launching a layer-1 blockchain optimized for institutional onchain assets. The platform’s tokenized treasury products, backed by US government debt, have attracted nearly $1.4 billion in committed capital, reflecting growing investor confidence and demand.
Expanding Ecosystem and Strategic Partnerships
The alliance’s membership roster includes the Solana Foundation, Bitget Wallet, Jupiter Exchange, Trust Wallet, Rainbow, BitGo, Fireblocks, 1inch, and Alpaca. This diverse group represents a broad spectrum of the crypto ecosystem, from custodial services to decentralized exchanges, enhancing the alliance’s capacity to influence market standards and adoption.
Ondo Finance has indicated that the alliance is open to onboarding additional members, signaling a scalable and inclusive approach to industry collaboration. This expansion could further accelerate the adoption of tokenized assets by fostering a unified framework that supports cross-platform compatibility and regulatory compliance.