Ondo (ONDO) is a platform in the decentralized finance (DeFi) sector that supports the tokenization of real-world assets, offering access to U.S.-based, institutional-grade securities on a global scale. Users can invest in assets managed by entities like BlackRock and Pimco, with these investments represented as tokens on the Ondo blockchain. This aims to streamline investment in U.S.-based securities and broaden access by reducing traditional investment barriers.
ONDO token holders contribute in shaping the future of the Ondo DAO in its mission to democratize access to institutional-grade finance.
Nathan Allman, a Stanford University graduate with experience at Goldman Sachs and ChainStreet Capital, founded Ondo Finance. The initiative is designed to connect traditional financial markets with the web3 finance sector, having raised $24 million from investors including Pantera, Wintermute, and Coinbase Ventures.
The Ondo ecosystem includes features for various users, such as the USDY token, which is backed by U.S. Treasury securities, and tokens like OMMF and OUSG for specific investor types. Flux Finance, part of Ondo, supports lending protocols with stable collateral, adjusting to market dynamics to offer competitive interest rates. Tools like the Ondo Token Bridge and Token Converter are designed to facilitate easy token transfer and conversion.
