ONDO Spikes 8% as Major Derivatives Exchanges Mull BlackRock’s Tokenized RWA as Collateral Option

State Road sees important potential in tokenized collateral asset in conventional finance, too. Donna Milrod, the financial institution’s chief product officer, mentioned in an interview this month that collateral tokens might assist mitigate liquidity stress throughout monetary crises, for instance permitting pension funds to submit cash market tokens for margin calls with out promoting underlying property to boost money.