This won't be the last acquisition of a Cosmos company by one with TradFi appeal
Maybe this is the path forward for many crypto native teams lacking PMF? Rather than all open source tech just being ripped off by Robinhood et al
Natural fit:
- Cosmos ecosystem has built incredible infra but struggled with distribution outside of crypto native users
- RWA platforms w/ strong TradFi relationships like Ondo have a clearer path to PMF and regulatory positioning but need the engineering capabilities that Cosmos teams have developed
Strangelove has built fantastic open source tooling and is exactly what you need to scale a blockchain eco, and Ondo's institutional relationships provide the distribution that Cosmos tech has been missing
Expect more of these combos as regulatory clarity increases.
Smart moves all around
We are excited to announce that Ondo Finance has acquired @strangelovelabs to accelerate our full-stack RWA platform development.
This acquisition significantly expands Ondo’s engineering and product capabilities to develop infrastructure for bringing RWAs onchain, at scale.
Strangelove brings a track record of developing production-grade infrastructure across multiple blockchain ecosystems.
Its team has contributed to foundational technologies, spanning from interoperability protocols and SDK frameworks to custom chain deployments.
As part of the acquisition, Jack Zampolin (@jackzampolin), former CEO of Strangelove, will join Ondo Finance as Vice President of Product.
With this acquisition, Ondo strengthens its position as the only full-stack tokenized asset platform with omnichain asset issuance, protocol design and blockchain development capabilities.
Read the full announcement here:
9.61K
40
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.