ONDO, a Project Favored by BlackRock

BeginnerFeb 02, 2024
This article delves into ONDO and its recent developments.
ONDO, a Project Favored by BlackRock

With the landing of the Bitcoin ETF and the extended cycle of reduced production, the market’s focus has gradually shifted to Ethereum. Currently, Ethereum’s allure extends beyond its ETF, including the explosion of memes and other altcoins. If the giants like Dogecoin and Shiba Inu opened Pandora’s box of memes, the Ethereum ecosystem is poised for a comprehensive explosion. As long as nodes are well-managed, market funds will flock in. Today, let’s unveil the mysteries of ONDO and explore how it has gained favor from major institutions.

ONDO Stands Out in the RWA Concept

Based on the icon, ONDO is a quantitative financial product primarily issued in the form of a fund, making it a legally compliant product in the United States with major renowned institutions investing in it.

Ondo has confirmed its presence in the U.S. money market fund (MMF), launching its tokenized OMMF. The MMF invested by OMMF represents a category of assets with exceptionally low risk, mainly composed of assets pegged to the U.S. dollar. This way, OMMF effectively combines cash with stablecoins, unlocking the potential of MMF. It serves not only as a wealth storage mechanism but also as a globally accessible on-chain collateral and settlement alternative.

In the current landscape of digital finance, the on-chain representation of real-world assets (RWA) has evolved from a concept into a tangible development trend. As Ondo Finance expands its operations to the Solana blockchain, we witness the convergence of tangible financial assets with decentralized finance.

RWA Revolution by Ondo Finance

This year, with the impetus from emerging crypto enterprises and major banks such as JPMorgan and Citigroup, tokenizing U.S. Treasury bonds has become a vanguard in the RWA trend. Ondo Finance, as a pioneer in tokenizing U.S. Treasury bonds, has achieved significant milestones.

According to data from RWA.xyz, the market value of tokenized government bonds has surged from $110 million earlier this year to over $760 million. Ondo has become the second-largest issuer, trailing only the traditional financial giant Franklin Templeton.


Source: rwa.xyzOndo’s core product is tokenized asset equivalents that provide extremely low risk and high-quality returns.

Ondo’s core product involves providing tokenized equivalents of extremely low-risk, high-quality yield assets such as U.S. Treasury bonds and money market funds. This offers on-chain investors an alternative to stablecoins, allowing holders, rather than issuers, to earn most of the underlying asset’s returns.

Recently, Ondo deployed its flagship products, tokenized U.S. Treasury bonds (OUSG) and USDY, on the Solana network. Solana, known for its low-latency and cost-effective on-chain transactions, has become a hotspot for activity and liquidity.


Ondo Finance’s primary mission is to enhance accessibility to institutional-grade financial products on-chain, and Solana has been committed to providing a low-latency and affordable on-chain trading experience from the beginning. By combining these two, ecosystem users can access institutional-grade traditional finance (TradFi) products at the lowest cost basis.


Through the collaboration between Ondo Finance and the Solana ecosystem, users can now enjoy stable and substantial returns supported by real-world assets (RWA) in an unprecedented and user-friendly manner. The integration of Ondo and Solana not only provides users with a cost-effective path to institutional-grade financial product access but also drives the convergence of decentralized finance and traditional finance, laying a solid foundation for the maturity and development of the Solana ecosystem.

ONDO Token Unlock

Key participant in the decentralized finance (DeFi) space, Ondo Foundation, has announced a significant milestone in its journey: the proposal to unlock the ONDO token. This initiative marks a crucial moment for the foundation, propelling its community towards a future of open, transparent, and efficient global finance.

Ondo Foundation, consistently at the forefront of innovation in the DeFi space, states that the total supply of ONDO tokens reaches a staggering 10 billion. Initially, the circulating supply of these tokens is approximately 1,426,647,567.

It is noteworthy that over 85% of the ONDO tokens were initially locked, making the unlocking event particularly significant for the platform and its users.

The unlocking of ONDO tokens will play a crucial role in enhancing the liquidity of the Ondo Foundation platform. Increased liquidity is not just a number on the balance sheet; it is a gateway within the Ondo ecosystem to provide more robust financial services and opportunities. This move is expected to attract a broader user base, driving participation in and engagement with the platform’s diverse financial products.

Ondo Funding Status

Ondo Finance is a protocol designed to accelerate the adoption of decentralized finance (DeFi) by institutional investors by minimizing risks. It raised $4 million in a funding round led by Pantera Capital.

CoinFund, Protoscale Capital, The LAO, and Digital Currency Group (CoinDesk’s parent company) also participated in this funding round.

Earlier this year, Nathan Allman and Pinku Surana, two former Goldman Sachs traders, founded Ondo Finance. The protocol aims to enable DeFi traders to hedge and leverage risks based on their preferences.

Disclaimer:

  1. This article is reprinted from [Trading DAO Institute]. All copyrights belong to the original author [KNIFE]. If there are objections to this reprint, please contact the Gate Learn team, and they will handle it promptly.
  2. Liability Disclaimer: The views and opinions expressed in this article are solely those of the author and do not constitute any investment advice.
  3. Translations of the article into other languages are done by the Gate Learn team. Unless mentioned, copying, distributing, or plagiarizing the translated articles is prohibited.

ONDO, a Project Favored by BlackRock

BeginnerFeb 02, 2024
This article delves into ONDO and its recent developments.
ONDO, a Project Favored by BlackRock

With the landing of the Bitcoin ETF and the extended cycle of reduced production, the market’s focus has gradually shifted to Ethereum. Currently, Ethereum’s allure extends beyond its ETF, including the explosion of memes and other altcoins. If the giants like Dogecoin and Shiba Inu opened Pandora’s box of memes, the Ethereum ecosystem is poised for a comprehensive explosion. As long as nodes are well-managed, market funds will flock in. Today, let’s unveil the mysteries of ONDO and explore how it has gained favor from major institutions.

ONDO Stands Out in the RWA Concept

Based on the icon, ONDO is a quantitative financial product primarily issued in the form of a fund, making it a legally compliant product in the United States with major renowned institutions investing in it.

Ondo has confirmed its presence in the U.S. money market fund (MMF), launching its tokenized OMMF. The MMF invested by OMMF represents a category of assets with exceptionally low risk, mainly composed of assets pegged to the U.S. dollar. This way, OMMF effectively combines cash with stablecoins, unlocking the potential of MMF. It serves not only as a wealth storage mechanism but also as a globally accessible on-chain collateral and settlement alternative.

In the current landscape of digital finance, the on-chain representation of real-world assets (RWA) has evolved from a concept into a tangible development trend. As Ondo Finance expands its operations to the Solana blockchain, we witness the convergence of tangible financial assets with decentralized finance.

RWA Revolution by Ondo Finance

This year, with the impetus from emerging crypto enterprises and major banks such as JPMorgan and Citigroup, tokenizing U.S. Treasury bonds has become a vanguard in the RWA trend. Ondo Finance, as a pioneer in tokenizing U.S. Treasury bonds, has achieved significant milestones.

According to data from RWA.xyz, the market value of tokenized government bonds has surged from $110 million earlier this year to over $760 million. Ondo has become the second-largest issuer, trailing only the traditional financial giant Franklin Templeton.


Source: rwa.xyzOndo’s core product is tokenized asset equivalents that provide extremely low risk and high-quality returns.

Ondo’s core product involves providing tokenized equivalents of extremely low-risk, high-quality yield assets such as U.S. Treasury bonds and money market funds. This offers on-chain investors an alternative to stablecoins, allowing holders, rather than issuers, to earn most of the underlying asset’s returns.

Recently, Ondo deployed its flagship products, tokenized U.S. Treasury bonds (OUSG) and USDY, on the Solana network. Solana, known for its low-latency and cost-effective on-chain transactions, has become a hotspot for activity and liquidity.


Ondo Finance’s primary mission is to enhance accessibility to institutional-grade financial products on-chain, and Solana has been committed to providing a low-latency and affordable on-chain trading experience from the beginning. By combining these two, ecosystem users can access institutional-grade traditional finance (TradFi) products at the lowest cost basis.


Through the collaboration between Ondo Finance and the Solana ecosystem, users can now enjoy stable and substantial returns supported by real-world assets (RWA) in an unprecedented and user-friendly manner. The integration of Ondo and Solana not only provides users with a cost-effective path to institutional-grade financial product access but also drives the convergence of decentralized finance and traditional finance, laying a solid foundation for the maturity and development of the Solana ecosystem.

ONDO Token Unlock

Key participant in the decentralized finance (DeFi) space, Ondo Foundation, has announced a significant milestone in its journey: the proposal to unlock the ONDO token. This initiative marks a crucial moment for the foundation, propelling its community towards a future of open, transparent, and efficient global finance.

Ondo Foundation, consistently at the forefront of innovation in the DeFi space, states that the total supply of ONDO tokens reaches a staggering 10 billion. Initially, the circulating supply of these tokens is approximately 1,426,647,567.

It is noteworthy that over 85% of the ONDO tokens were initially locked, making the unlocking event particularly significant for the platform and its users.

The unlocking of ONDO tokens will play a crucial role in enhancing the liquidity of the Ondo Foundation platform. Increased liquidity is not just a number on the balance sheet; it is a gateway within the Ondo ecosystem to provide more robust financial services and opportunities. This move is expected to attract a broader user base, driving participation in and engagement with the platform’s diverse financial products.

Ondo Funding Status

Ondo Finance is a protocol designed to accelerate the adoption of decentralized finance (DeFi) by institutional investors by minimizing risks. It raised $4 million in a funding round led by Pantera Capital.

CoinFund, Protoscale Capital, The LAO, and Digital Currency Group (CoinDesk’s parent company) also participated in this funding round.

Earlier this year, Nathan Allman and Pinku Surana, two former Goldman Sachs traders, founded Ondo Finance. The protocol aims to enable DeFi traders to hedge and leverage risks based on their preferences.

Disclaimer:

  1. This article is reprinted from [Trading DAO Institute]. All copyrights belong to the original author [KNIFE]. If there are objections to this reprint, please contact the Gate Learn team, and they will handle it promptly.
  2. Liability Disclaimer: The views and opinions expressed in this article are solely those of the author and do not constitute any investment advice.
  3. Translations of the article into other languages are done by the Gate Learn team. Unless mentioned, copying, distributing, or plagiarizing the translated articles is prohibited.
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