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
Ondo Finance
Ondo Finance14.7. klo 21.30
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:
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