Ondo Finance Leaps to Solana: Can a Meme Coin Playground Fuel the Next RWA Surge?

Ondo Finance—the institutional-grade DeFi player—just planted its flag on Solana’s meme-infested shores. A bold move, or a desperate bid for relevance in a chain dominated by dog-themed tokens?

Real-world assets meet degenerate crypto culture. Will Solana’s retail frenzy finally give RWAs the volume they crave, or will this be another case of serious finance drowning in a sea of vaporwave aesthetics and speculative froth?

Wall Street’s latest crypto darling cuts through Ethereum’s gas fees to court Solana’s army of degens. Because nothing screams ’institutional adoption’ like chasing the chain where traders aped into a token named after a hat.

Ondo Finance Expands to Solana

Yesterday, the RWA tokenization platform announced its expansion to Solana, a blockchain known for hosting numerous meme coins.

This bridge to Solana will integrate ONDO Finance’s flagship tokenized treasury asset, USDY.

This move to Solana is strategic. Compared to Ethereum, Solana is more scalable and supports a vibrant ecosystem of top DeFi projects and high-value meme coins worth billions in the secondary market. Could this decision position Solana as a key player in the next RWA boom?

BlackRock executives predict the RWA industry will grow rapidly over the next five years. Larry Fink wants the United States SEC to approve the tokenization of securities like bonds and stocks.

With Ondo Finance bridging to Solana, the team announced that its proprietary Decentralized Verifier Network (DVN) will also go live.

This will allow Solana users to connect to the Ondo Chain, Ethereum, and other Ethereum-compatible platforms like Mantle and Arbitrum.

The timing is strategic, as USDY is already thriving on Solana, with a total value locked (TVL) of over $160 million and thousands of active users.

The announcement follows Ondo Finance’s launch of its RWA-focused platform in February, targeting institutional clients.

As reported by 99Bitcoins, Ondo Chain, a permissioned layer-1 blockchain, ensures compliance with regulatory frameworks, allowing vetted firms to operate transparently.

Integration with Solana complements Ondo Chain, potentially attracting more users to the platform.

Following BlackRock’s Lead: Will ONDOUSDT Surge?

This move comes after BlackRock, a leading asset manager, expanded its tokenized fund, BUIDL, to Solana in March, transitioning from Ethereum.

The best assets want to be everywhere.
Blockchains make that possible.@calilyliu on BlackRock’s BUIDL fund recently expanding to Solana — and why tokenized treasuries are just the start of internet capital markets. pic.twitter.com/cV2zgKYGry

— Solana (@solana) April 18, 2025

It also sends signals that traditional finance giants view Solana as institution-ready, prompting early positioning. Ondo Finance appears to align with this trend by following BlackRock’s lead.

For now, supporters expect more treasuries to be tokenized. Currently, its short-term U.S. government treasuries fund, OUSG, manages over $420 million in assets and offers accredited institutions a 4.07% annual yield. Meanwhile, USDY provides a 4.25% yield to non-U.S. clients.

ONDO, the governance token, is currently under pressure, struggling to recover from Q1 2025 weaknesses.

If the token breaks above $1.05, it could retest $1.25 and reach $1.65 in a bullish trend continuation.

Is 2025 the year of tokenization?@OndoFinance’s Founder & CEO @nathanlallman says yes.

Ondo is home to $USDY and $OUSG, which have market caps of ~$600M and $420M, respectively

His team is banking big (pun intended) that onchain finance will change everything for crypto… pic.twitter.com/VcFwAJ7Kur

— Jacquelyn Melinek (@jacqmelinek) May 1, 2025

Should RWAs drive crypto growth in 2025, as predicted by Nathan Allman, the founder of Ondo Finance, ONDO could rip higher. In turn, this may funnel more capital to some of the hottest presales in 2025.

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Ondo Finance Bridges to Solana: Will ONDO Lead the 2025 RWA Boom?

• Ondo Finance expands to Solana, integrates USDY 
• Solana is increasingly attractive for institutions after BlackRock migrated the BUIDL fund 
• RWA is projected to command over $1 trillion in five years  
• Will ONDOUSDT recover after losses in Q1 2025?