**World Liberty Financial, the decentralized finance (DeFi) platform supported by President Donald Trump and his family, has increased its investment in Ondo Finance, the second-largest issuer of tokenized Treasuries. **
Recent data from Arkham Intelligence shows that the financial platform's associated wallet purchased approximately 342,000 of Ondo's governance tokens, worth $470,000 USDC, via the CoW Protocol.
This follows an initial acquisition of ONDO tokens valued at $245,000 two months prior, which were transferred to Coinbase Prime earlier this week.
The transaction coincides with Ondo Finance's announcement of plans to launch its own layer-1 blockchain targeted at the tokenized asset space. Currently, the ONDO token is trading at $1.298, representing a 3.7% decline over the past 24 hours amid a broader market downturn characterized by a 3.1% drop in the CoinDesk 20 Index.
Alongside ONDO tokens, the Trump family-backed DeFi initiative is also increasing its holdings in TRX and wrapped Bitcoin (WBTC).
World Liberty Financial, a Trump-aligned financial services firm, specializes in digital asset investments and cryptocurrency trading. The company gained attention in early 2024 through its public support of former President Donald Trump and strategic investments in blockchain projects.
ONDO is a decentralized finance protocol that enables tokenized real-world assets and institutional-grade yield generation. The platform specializes in connecting traditional finance with decentralized finance through regulated stablecoin products and yield optimization strategies.
Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or legal advice. Always conduct your own research or consult a professional when dealing with cryptocurrency assets.