Imagine a world where you can invest in US Treasuries, bonds, and stocks from anywhere*, anytime, with the ease of blockchain. That’s the ambitious vision of Ondo Finance.
Backed by an all-star cast of advisors including BlackRock, Google Cloud, and Franklin Templeton, Ondo is building the infrastructure to seamlessly connect the worlds of traditional finance and DeFi.
Will Ondo’s tokenized securities disrupt or enhance the global financial system? Can it bring greater access and efficiency while navigating complex regulations? As Ondo rolls out its ambitious roadmap, we can start following it more closely with this coinreport.
Ondo Finance launches a tokenization platform for open on-chain access to US securities and is a DeFi platform that integrates traditional financial markets with decentralized finance by tokenizing real-world assets (RWA’s).
It uses the Ondo Chain, a new Layer 1 blockchain built specifically for institutional-grade real-world assets. It has partnered with major players in the regulated finance world, including some of the largest asset managers and banks, who advise and support the project.
Its impressive roster of partners lends validity as Ondo Finance works to make tokenized US securities available to institutional and retail investors alike through an open, compliant platform.
The US-based company Ondo Finance was established in 2021 and has a team behind it consisting of a diverse group of individuals with extensive experience in both traditional finance and the crypto space.
Kevin, the VP of Product, previously worked at notable companies such as Phantom, Pinterest, and Facebook and has a background in DeFi as an ex-web3 founder. Nathan Allman, the CEO, brings his expertise from working in Digital Assets at Goldman Sachs.
The team also includes JTrades, the Talent Lead, and Katie Wheeler, who handles Partnerships and previously worked at Circle and BlackRock.
Allman, who has academic ties to Brown and Stanford and professional experience at Goldman Sachs, successfully raised substantial funding of over $4 million to support his vision.
This review of Ondo Finance (ONDO) was created for informational purposes. This article is not intended for promotion.
As said before, Ondo Finance wants to be the coupler between traditional finance (TradFi) and decentralized finance (DeFi) and will do it by being the:
In February 2025, the project launched the Ondo Omnia Chain for bringing capital markets on-chain.
Where the Odo validators use real-world assets and other quality liquid assets to safeguard the network, bridges, and oracles.
The Ondo ‘Omni’ Chain supports native, cross-chain bridging and open access development, allowing virtually anyone (who is approved) to issue tokens and develop applications as a hybrid open chain.
Several major players have recognized Ondo Finance’s potential and are backing the project publicly. Think of all the names connected to the Bitcoin & Ethereum ETF as well as newly minted projects by the current president of the U.S.A.
Ondo has brought on an impressive roster of design advisors for Ondo Chain, including:
The USDY, which is already one year old, is a permissionless, yield-bearing stablecoin backed by US Treasuries from Ondo Finance. It can be used for a range of applications, including:
Over the past year, USDY has reached $350M+ in total value locked, expanded to 7 different blockchains, and was integrated with 70+ ecosystem projects.
USDY’s structure includes protections like the Ondo US Government Bond Fund. This could be interesting for trading institutional-grade assets available to global individual and institutional investors.
USDY is widely accessible across several major blockchain networks including Ethereum, Mantle, Solana, Sui, Aptos, Noble, Arbitrum, and Plume Mainnet.
With the USDY being backed by U.S. Treasuries, it allows investors to engage with stable, low-risk assets while enabling around-the-clock trading that can drastically reduce transaction costs involved.
Another product is the OUSG, short for Ondo Short-Term US Treasuries Fund, that is designed for institutional investors seeking exposure to short-term US Treasuries.
With 24/7 instant mints and redemptions, it makes OUSG highly accessible and flexible for managing cash.
OUSG operates under continuous Regulation D Rule 506(c) and is backed by high-quality assets managed by some of the famous backers and institutions discussed above. The majority of OUSG’s portfolio is invested in the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) along with BlackRock’s FedFund (TFDXX).
Ondo Global Markets is another platform that brings publicly traded securities like US Treasuries, bonds, and ETFs onto the blockchain. It enables non-US investors to access these assets with features like 24/7 instant settlement and use them as collateral. Ironically U.S. investors cannot invest in these products.
Initially, Ondo Global Markets will provide tokenized exposure to widely traded stocks like Apple and Tesla, along with popular bonds and ETFs from major asset managers such as Fidelity and BlackRock.
Ondo Finance and World Liberty Financial (WLFI) collaborated to promote the adoption of tokenized real-world assets and bring traditional finance onto the blockchain.
With WLFI already exploring several ways to incorporate Ondo’s tokens, including using Ondo’s USDY (only available to non-US persons outside the US) and OUSG tokens as treasury reserve assets in the WLFI network.
Donald Trump Jr., Web3 Ambassador at World Liberty Financial, stated:
“Our collaboration with Ondo Finance marks a significant step forward in aligning traditional financial systems with blockchain innovation. By integrating Ondo’s tokenized assets, we’re providing our network with access to traditional financial assets and new yield opportunities.”
Ondo Finance did also contribute $1M to Donald Trump inauguration fund, backing the new administration.
Ondo Finance also collaborated with XRPL, in a way that the XRP ledger deploys the Ondo Short-Term US Government Treasuries (OUSG). Which means there will be a pairing between OUSG and RLUSD that can be minted or redeemed 24/7. All done on one of the most compliant blockchains favored by banking. Learn more about XRP in our Ripple coinreport.
The platform’s token, ONDO, is central to its on-chain operations and governance.
With a total supply of 10 billion tokens, 1.4 billion (14% of total supply) are currently in circulation. The token was initially listed at $0.055 and has various locked and unlocked portions.
The contract address for Ondo Finance (ONDO) on the Ethereum network is 0xfAbA6f8e4a5E8Ab82F62fe7C39859FA577269BE3. Other relevant contract addresses associated with Ondo Finance:
Ondo Finance is a hybrid project that aims to combine the benefits of blockchain, DeFi, and traditional assets that will be tokenized in a way that serves anyone interested in investing in American assets.
Whether this is a good thing will depend on one’s strategy and beliefs. However, we see that crypto has been more regulated than many realize, with regulators providing permissible guidelines. It is a project more in line with what regulators want, so if you want to bet on this, it could be a safe haven backed by big names.
Another area Ondo is exploring is yield coins that provide interest-earning opportunities. Some believe these could be poised to replace stablecoins’ dominance in the market. It remains to be seen if this will become more attractive for investors.
Important to know before you invest, is that Ondo’s tokenized products are not registered under the US Securities Act of 1933 or other jurisdictions’ securities laws. These products cannot be offered, sold, or transferred in the United States or to US persons unless they meet registration or exemption requirements. This is ironic given the project’s goal of bringing traditionally American assets on-chain.
The U.S. based Ondo Finance has a clear mission: to tokenize real-world assets such as U.S. Treasuries, bonds, and equities, making them accessible on-chain for both institutional and retail investors (abroad) and with their Ondo Chain and backing of big names they could be onto something.
Disclaimer: Trading and investing in cryptocurrencies (also called digital or virtual currencies, altcoins) involves a substantial risk of loss and is not suitable for every investor. You are solely responsible for the risk and financial resources you use to trade crypto. The content on this website is primarily for informational purposes and does not constitute financial advice.
