I have never heard of Ondo, and now I hear they partnered with World FInancial Trumps Company and Trumps Family supposedly bought 470,000 USD worth of their tokens.

Ondo Finance Unveils Layer-1 Network for Tokenized Assets

Tokenized real-world asset platform Ondo Finance unveiled a permissioned layer-1 blockchain Ondo Chain catering to institutional finance.
The network will combine security and compliance with the accessibility of public chains. Ondo is the second-largest protocol for tokenized Treasury offerings on the market, and announced a tokenization platform earlier this week.
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Ondo Finance, the second-largest tokenized Treasuries issuer, said it plans to start its own layer-1 blockchain designed for tokenized real-world assets in a bid to connect traditional capital markets with decentralized finance, the company announced on Thursday at its inaugural Ondo Summit.
Ondo Chain was crafted to meet institutional compliance standards while maintaining the transparency and accessibility of public blockchains like Ethereum, the company said. The network will rely on permissioned validators to verify transactions and ensure accurate financial data, such as asset prices and token backing. It will also support staking of tokenized real-world assets and native bridging between blockchains for interoperability. "Financial markets are overdue for an upgrade," CEO Nathan Allman said in a statement. "We’re creating an ecosystem that bridges the best of traditional finance with blockchain technology.”