Trump family project WLFI partnership with Ripple-linked Ondo Finance leaked, announcement taken down

Ondo Finance had announced a strategic partnership with the Trump family-backed Web 3 platform World Liberty Financial (WLFI) to promote the adoption of tokenized real-world assets (RWA). Netizens have noticed the announcement was taken down both on its website and across social media platforms.

According to Ondo Finance’s deleted post on X, WLFI is purportedly aiming to integrate Ondo’s tokenized assets, including ONDO US Dollar Yield Token (USDY) and Short-Term US Government Treasuries (OUSG), into its network as treasury reserve assets and expand user access to onchain securities in the WLFI ecosystem.

“Through this collaboration, World Liberty Financial becomes a strategic collaborator in Ondo’s journey to scale Ondo Global Markets, a platform designed to enable the tokenization of traditional financial assets like stocks and bonds. As part of the collaboration, qualifying WLFI users will gain access to Ondo Global,” the deleted post denoted.

Was the Ondo -WLFI partnership leaked early?

Ondo Finance’s blog post revealed that WLFI is exploring the integration of Ondo’s tokenized assets into its network as treasury reserves. These assets include USDY, which is available exclusively to non-US persons outside the United States, and OUSG.

This integration could have enabled users to access several benefits, including borrowing and lending opportunities with margin trading capabilities.

Several users on X have shared snapshots of the blog revealing the collaboration, which also included quotes from Donald Trump Jr. and Ondo Finance CEO Nathan Allman.

Last Friday, Donald Trump Jr. and Chase Herro attended the Ondo Finance Summit as a keynote speaker, and hinted at WLFI’s plan to create a digital currency reserve. Herro did not clarify World Liberty’s objective in holding a token reserve, a topic that has gained traction since the President pledged to establish one during last year’s campaign. 

Going by their sentiments, it’s highly likely that if the two platforms haven’t already formed a collaboration, it is in the works.

According to Bloomberg, on the same day as the Summit, WLF swapped $4.7 million USDC to acquire 342,000 ONDO tokens, aligning with the launch of Ondo Chain, a permissioned Layer 1 blockchain focused on tokenizing real-world assets for institutional finance. 

Arkahm Intelligence data shows that WLFI still holds the tokens, alongside 15.13 million USDC, 4.3 million USDT, $9.9 million worth of Tron (TRX), 2,743 staked ETH (stETH), and 104.3 ETH.

Ondo Finance price action

Ondo Finance’s price briefly climbed 1.15% in the hour of the WLFI partnership announcement but has now retracted back 2.5%, although it’s still up 2% over the past 24 hours. ONDO is currently trading at $1.36, with a 24-hour trading volume of $414.56 million.

The token’s Relative Strength Index (RSI) stands at 49.27, which suggests a balanced market with neither overbought nor oversold conditions. The “neutral” reading indicates that ONDO could see movement in either direction without a clear bullish or bearish trend.

The Average Directional Index (ADX), with a value of 15.74, indicates a weak market direction. As it falls below the 25 threshold, it suggests that there is no strong trend at play, and the market is likely in a range-bound or consolidating state.

However, some indicators show positive momentum. The Awesome Oscillator, with a value of 0.02, gives a slight buy signal, hinting at potential upward movement. The ten-day momentum indicator is also positive, at 0.01, supporting the view that short-term price action might be leaning toward the upside.

On the other hand, the Moving Average Convergence Divergence (MACD) level, at −0.01, signals slight sell pressure, suggesting that short-term momentum may be weaker than the longer-term trend.

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