Ondo Finance Acquires Strangelove Amid $250M RWA Push

* Acquisition of blockchain firm Strangelove to scale tokenized real-world asset (RWA) offerings. * Reinforces $250 million RWA investment initiative and market leadership ambitions. On July 14, 2025, The Block reported that Ondo Finance completed its acquisition of Strangelove, a leading blockchain development firm. The deal underscores Ondo's focus on advancing the tokenization of real-world assets like securities and real estate. Through this acquisition, Ondo will integrate Strangelove's core technical infrastructure and expertise. With Strangelove's technology and talent, Ondo can evolve into a full-stack tokenized asset platform capable of issuing RWAs on multiple blockchain networks. The acquisition also complements Ondo's $250 million RWA investment initiative with Pantera Capital and its recent purchase of the regulated broker-dealer Oasis Pro. Together, these efforts show Ondo’s commitment to becoming a major force in the rapidly expanding RWA market. As part of the acquisition, Strangelove’s CEO, Jack Zampolin, will join Ondo as Vice President of Product. His extensive experience in protocol design and infrastructure development will accelerate Ondo’s technical roadmap and strengthen its competitive position. The market for tokenized real-world assets is experiencing exponential growth, with some forecasts suggesting it could surpass $18 trillion by 2033. Ondo’s acquisition of Strangelove is a key strategic move to capitalize on this projected growth and reinforce its position at the forefront of this emerging sector. According to CoinMarketCap, Ondo Finance (ONDO) traded at $0.895 as of 19:14 UTC on July 14. This price reflected a -1.54% change in 24 hours, while the platform’s fully diluted market capitalization was approximately $8.95 billion and its 24-hour trading volume surged by 116.96%.