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Ondo Finance and Pantera Capital are pooling $250 million into a new fund aimed at projects bringing real-world assets onto blockchains.

Tether, the company behind the world’s largest stablecoin, is diving deeper into bitcoin mining through a new venture with South American agribusiness Adecoagro, aiming to convert surplus renewable energy into digital assets.

Robinhood’s plan to bring tokenized private-company shares to retail investors hit turbulence after OpenAI publicly cautioned that tokens offering exposure to its equity don’t represent real ownership in the AI startup.

Top stories in the Crypto Roundup today:

  • Ondo and Pantera Capital Launch $250M Fund to Spur Growth in Tokenized Real-World Assets
  • Tether, Adecoagro Launch Bitcoin Mining Pilot in Brazil 
  • OpenAI Warns Against Robinhood’s Tokenized Equity Offering

 
24 hours chart of the price of BTC
 

Ondo and Pantera Capital Launch $250M Fund to Spur Growth in Tokenized Real-World Assets

 

Ondo Finance and Pantera Capital are pooling $250 million into a new fund aimed at projects bringing real-world assets onto blockchains.

The fund, called Ondo Catalyst, will write checks for both equity stakes and crypto tokens in startups developing the infrastructure behind tokenized finance and on-chain capital markets, Ondo said Thursday.

“The financial system is undergoing a fundamental upgrade,” said Nathan Allman, founder and CEO of Ondo.  “By supporting the infrastructure and applications that unlock real-world utility for tokenized assets, we’re helping reshape how capital moves around the world.”

Tokenization, the process of putting conventional financial instruments like bonds, stocks or property rights onto blockchain rails, has become a magnet for big names in finance. In recent months, Robinhood, Kraken and Gemini have rolled out trading for tokenized U.S. equities over the past week

BlackRock and Franklin Templeton have issued tokenized money market funds, aiming for round-the-clock trading and instant settlement instead of traditional systems that can take days to process trades.

 
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Tether, Adecoagro Launch Bitcoin Mining Pilot in Brazil

 

Tether, the company behind the world’s largest stablecoin, is diving deeper into bitcoin mining through a new venture with South American agribusiness Adecoagro, aiming to convert surplus renewable energy into digital assets.

The companies are launching a pilot mining operation in Brazil using excess power from Adecoagro’s facilities, which generate 230 megawatts across South America. 

The initiative could also lead Adecoagro to hold bitcoin on its balance sheet, a significant pivot for a firm whose main business is producing sugar, rice and dairy.

“This project opens the door to stabilizing a portion of the energy we currently sell on the spot market, locking in pricing, while also gaining exposure to the upside potential of bitcoin,” said Mariano Bosch, Adecoagro’s co-founder and CEO.

Tether acquired a 70% stake in Adecoagro and has been pouring funds into energy and mining projects.

 
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OpenAI Warns Against Robinhood’s Tokenized Equity Offering

 

Robinhood’s plan to bring tokenized private-company shares to retail investors hit turbulence after OpenAI publicly cautioned that tokens offering exposure to its equity don’t represent real ownership in the AI startup.

Shares of Robinhood Markets on Thursday following OpenAI’s statement, which stressed that the tokens were neither authorized nor endorsed by the company. 

“Any transfer of OpenAI equity requires our approval—we did not approve any transfer,” OpenAI posted on X, urging users to “be careful.”

Robinhood rolled out its tokenized equity products earlier this week for European customers, touting the move as a way for small investors to get a slice of high-flying private firms without waiting for IPOs.

In practice, though, these tokens don’t give holders legal ownership stakes or voting rights. Instead, Robinhood says it owns shares through special-purpose vehicles, with tokens acting as a derivative reflecting the value of those shares.

“While we don’t technically ‘own shares,’ the tokens give customers exposure to private market,” a Robinhood spokesperson said.

 
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