The Cosmos ecosystem is becoming a hub for Real-World Assets (RWAs) with the recent announcement of Ondo Finance’s new Layer 1 blockchain purpose-built for institutional-grade RWAs, Ondo Chain.
Ondo Chain’s existence was announced at the Ondo Summit held in New York. Donald Trump Jr., a surprising speaker for closing remarks, made a surprise appearance. “The future of RWAs in the US is bright, and new leadership has the potential to make the US the global center for crypto,” Post the Ondo Finance Account.
According to Ondo Finance’s blog, Ondo Chain is an omnichain network designed to support RWAs, with features like verified collateral and native margin capabilities.
Ondo Finance has already expanded its presence in the Cosmos ecosystem through its integration with digital asset issuer Noble, bringing tokenized treasuries to the platform and increasing the uptake of Ondo’s US-backed products across over 90 blockchains.
Noble’s partnership with Ondo Finance has also led to the launch of USDY, a native yield-bearing stablecoin for Cosmos ecosystem blockchains. This new development highlights the importance of the Cosmos Ecosystem in the RWA sector, which has a current market capitalization exceeding $35 billion.
“Cosmos has the biggest emerging RWA ecosystem with [Noble], [Ondo Finance], [Mantra] and [REDACTED] coming soon. This should be no surprise that the world is coming on chain in Cosmos—real assets and real companies demand real scale and real control,” Barry Plunkett (co-CEO, Interchain Labs / formerly Skip Protocol) commented.
Mantra, a Cosmos company, has recognized the RWAs’ potential in this space. Despite the broader decline in crypto markets after President Donald Trump’s tariff orders, which resulted in $2 billion of liquidations, Mantra’s OM token is still up over 68% since the beginning of the month, reflecting the growing institutional demand.
JP Mullin is the co-founder and chief executive officer of Mantra.
“The deals are getting bigger. The institutions are getting more credible than ever. The money involved is getting real. And we’re hungrier than ever.”
Ondo Chain’s launch and USDY demonstrate the growing adoption of RWAs within the Cosmos Ecosystem and the growth and innovation of RWA-based products and services.
Posted In: Cosmos, Featured, RWA Author
Christina Comben
Christina is web3’s writer, content manager, and editor. She has a passion to start important conversations and write about technology. Being an industry OG she is not affected by volatility in the market and will often scrimp on Starbucks so that BTFD can have a better experience.
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