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Author: Admin | 2025-04-27
A Seed round on December 21, 2021, from venture capital firms like Multicoin Capital and Solana Foundation and angel investors like Vinny Lingham.Notable MilestonesRender Network was one of the best-performing DePIN projects of 2023. That year, the protocol witnessed a notable surge in demanding rendering tasks. This surge, fueled by advancements in next-generation projection mapping and immersive rendering projects, led to the highest workload volumes since the Render Network’s inception.Render Network is now the largest DePIN project, with a market capitalization of over $3.3 billion (as of April 2024).Ondo Finance – Real-World Assets (RWA) on SolanaQuick summary:RWA narrative on Solana.Institutional-grade on-chain products.Focus on compliance.Ondo Finance is an RWA protocol that brings institutional-grade products on-chain. This means securities like bonds and treasury are tokenized on the blockchain to provide multiple benefits to investors, such as the ability to trade on secondary markets without typical wait times and bureaucratic hurdles, hence enhancing efficiency and liquidity.Ondo provides a compliant and regulated trading avenue for investors who wish to engage with tokenized assets. However, it requires users to undergo KYC (Know Your Customer) procedures before joining the network. This is to ensure compliance with regulatory laws.Operating on the principle of self-sufficiency, Ondo achieves this through partnerships and integrations with asset managers, custodians, lawyers, and other entities necessary for on-chain asset management.If you are interested in RWA cryptos, you can read our guide on which are the best RWA projects.FoundersOndo was founded in 2021 by Nathan Allman, who previously worked on Goldman Sachs’ digital assets team. Other members include former Goldman Sachs and McKinsey & Co. executives, such as Ian De Bode.While it deviates from the usual anonymity and privacy-focused DeFi protocols, Ondo and other RWA protocols are one of the main drivers of blockchain adoption and economic growth for blockchain ecosystems. By logic, Ondo wouldn’t be able to offer tokenized bonds, which are securities, if it doesn’t provide the necessary steps to comply with regulatory laws.FundingOndo Finance has raised around $46.4 million in one public sale ($22.4M) and a Series A ($24M) funding round.Notable MilestonesOn April 2024, Ondo Finance moved $95 million into BlackRock’s
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