Ondo Finance and Pantera Capital Launch $250M RWA Investment Initiative

Ondo Finance (ONDO) and Pantera Capital are joining forces to invest $250 million in real-world asset (RWA) tokenization projects, further fueling momentum in one of crypto’s fastest-growing sectors. The joint initiative, dubbed Ondo Catalyst, will target infrastructure and protocols that enhance the tokenized finance ecosystem and expand on-chain capital markets.

According to Ondo’s blog post, the initiative will involve a combination of equity and token investments to back builders driving the next evolution of blockchain-based financial products. “The financial system is undergoing a fundamental upgrade,” said Nathan Allman, CEO of Ondo Finance. “By supporting infrastructure and applications that unlock real-world utility for tokenized assets, we’re helping reshape how capital moves around the world.”

Tokenization—the process of bringing traditional financial instruments like bonds, equities, and real estate onto blockchain rails—continues to attract interest from institutions and crypto-native players alike. It enables more efficient, transparent, and programmable financial operations with 24/7 access and global reach. Leading platforms like Robinhood, Kraken, Bybit, and Gemini have already started offering tokenized versions of U.S. stocks. Asset management giants such as BlackRock and Franklin Templeton are also embracing tokenized treasury products.

Ondo has emerged as a key player in the RWA sector, with its tokenized U.S. Treasury offerings—OUSG and USDY—holding a combined market cap near $1.4 billion, according to data from RWA.xyz. The firm is also developing its own layer-1 blockchain optimized for RWAs.

The partnership with Pantera Capital, a prominent digital asset investment firm, aims to catalyze broader adoption of tokenized financial products and unlock capital market efficiencies using blockchain infrastructure.

The announcement was first reported by Axios.