Trump-backed WLFI purchased 342,000 ONDO tokens amid Ondo Finance's blockchain launch, signaling rising institutional interest in tokenized assets.

The address scooped up about 342,000 ONDO, the platform's governance token, for $470,000 USDC on the CoW Protocol, according to data from Arkham Intelligence. It first bought ONDO two months ago, worth $245,000 at the time, before sending the tokens to Coinbase Prime earlier this week.

Ondo Finance revealed plans to launch a chain for tokenizing real-world assets, with Donald Trump Jr. appearing at its Thursday event.

The co-founder of World Liberty Financial has said that the DeFi project plans to create a “strategic reserve” with the tokens it buys.

CEO Nathan Allman said that "financial markets are overdue for an upgrade" as tokenization efforts gather steam globally.

ONDO price has seen a 3.5% uptick after the announcement of Ondo Global Markets, with technical levels suggesting potential for further gains.

Chase Herro, co-founder of President Donald Trump’s DeFi project, World Liberty Financial, said the platform plans on creating a “strategic reserve” with tokens bought.

World Liberty Financial rebuilt its position of Ondo (ONDO) just as the project announced its new L1 chain for institutional-grade DeFi.