Wrapped tokenization is often misunderstood.
Which is understandable, especially given recent events.
A number of big launches have overlooked what we'd deem to be very important considerations.
While the direction is promising, early models reveal deep structural issues:
Limited liquidity, wide spreads, persistent price dislocations.
There's material cost in recreating liquidity, which is why we opt to provide access to traditional exchange liquidity instead.
Another common issue is transparency.
There's often little proof that the token issuer actually holds enough (or any?) stock to fully back the tokens.
Ondo GM tokens will be redeemable on-demand, 24 hours a day, fully backed by the underlying shares.
These shares, are held with US licensed and regulated broker dealers.
A verification agent will review and provide a report on this backing every day.
Not all tokenization is created equal and Ondo Global Markets is testament to that.
.@DeepBookonSui is an institutional-grade on-chain CLOB on Sui powering liquidity across DeFi, serving the first and second largest DEXs on Sui*. We believe DeepBook is emerging as a critical liquidity layer and has the potential to become a key catalyst for the growth of DeFi on $SUI.
Read more: https://t.co/8fXMTX5HZa
Man. Don’t know how to explain it other than shock. Words cannot express the pain of this letdown. The frustration is unfathomable. I’ve worked my whole life to get to this moment and this is how it ends? Makes no sense.
Now that I’ve gotten surgery, I wish I could count the number of times people will tell me I’m going to “come back stronger”. What a cliche lol, this shit sucks. My foot feels like dead weight fam. But what’s hurting most I think is my mind. Feel like I’m rambling, but I know this is something I’ll look back on when I’m through this, as something I’m proud I fought through. It feels good to let this shit out without y’all seeing the kid ugly cry.
At 25, I’ve already learned that God never gives us more than we can handle. I know I’ll come out on the other side of this a better man and a better player. And honestly, right now, torn Achilles and all, I don’t regret it. I’d do it again, and again after that, to fight for this city and my brothers. For the chance to do something special.
Indy, I’m sorry. If any fan base doesn’t deserve this, it’s y’all. But together we are going to fight like hell to get back to this very spot, and get over this hurdle. I don’t doubt for a second that y’all have my back, and I hope you guys know that I have yours. I think Kobe said it best when in this same situation. “There are far greater issues/challenges in the world then a torn achilles. Stop feeling sorry for yourself, find the silver lining and get to work with the same belief, same drive and same conviction as ever.” And that’s exactly right. I will do everything in my power to get back right.
My journey to get to where I am today wasn’t by happenstance, I’ve pushed myself every day to be great. And I will continue to do just that. The most important part of this all, is that I’m grateful. I’m grateful for every single experience that’s led me here. I’m grateful for all the love from the hoop world. I don’t “have to” go through this, I get to go through this. I’m grateful for the road that lies ahead. Watch how I come back from this. So, give me some time, I’ll dust myself off and get right back to being the best version of Tyrese Haliburton.
-0
Proverbs 3:5-6 “Trust in the Lord with all your heart, and lean not on your own understanding; in all your ways acknowledge Him, and He will make your paths straight."
Is this the reason why JP Morgan interacted with Ondo?
Jamie Dimon is a well known anti-Bitcoin executive but based on this interview from 2024, it seems that he’s very open to RWAs.
The RWA space will grow, $ONDO is well positioned.
1/ Kinexys by J.P. Morgan (@jpmorgan), Ondo Finance, and @chainlink are teaming up to connect bank settlement infrastructure to Ondo Chain.
Today, we are excited to announce the debut transaction on Ondo Chain testnet — a cross-chain, atomic DvP settlement of OUSG.
1/ Today, we’re excited to unveil a first look at the next evolution for Ondo Global Markets (Ondo GM), our RWA tokenization platform designed to enable onchain access to stocks, bonds, and ETFs. What stablecoins did for dollars, Ondo Global Markets will do for securities.
Backed by NBA stars Stephen Curry and Paul George, mobile basketball game @RumbleKongs will launch on Ethereum's @Ronin_Network instead of Avalanche. Click to read via @ggDecrypt: https://t.co/DBdPv3uxZy
While we are waiting for next year 02/06/2025 $ONDO Summit aka Ondo Global Markets - Wall Street 2.0 event, here is list about the hypothetical nature of the partnerships with the different 13 attending companies: