Ondo Monthly Spotlight: August 2024

Welcome to the Monthly Spotlight from Ondo Finance, where we delve into the latest developments from the forefront of real-world asset tokenization. This month, on its first anniversary, USDY surpassed $380M in TVL, growing to over 70 projects across 8 blockchains and cementing its place as the market-leading permissionless yieldcoin.

August Spotlights ⬇️

1. 🎂 Celebrating One Year of USDY
2. 💙 USDY Goes Live on Arbitrum 
3. 💼 Mark Janoff Joins Ondo Finance as General Counsel
4. 🌌 Case Study: Bringing Utility to Payments with USDY
5. 💸 Ondo Finance Applies to Ethena Reserve Fund 
6. 🌐 Ondo Ecosystem Expansion
7. 🗣️ Nathan Allman Speaks at Blockchain Application Stanford Summit
8. 📆 Upcoming Events

🎂 Celebrating One Year of USDY

One year ago, we launched USDY, the world’s first permissionless, yield-bearing tokenized note secured by US Treasuries. In that time, it has grown to become the world’s leading permissionless yieldcoin with over $380m in TVL. The USDY ecosystem has expanded to over 70 projects across 8 blockchains: Ethereum, Solana, Arbitrum, Aptos, Sui, Mantle, Mantra, and Cosmos via Noble. For many of these chains, Ondo’s USDY was the first native tokenized real-world asset and introduced new use cases and utility for users and developers in these ecosystems. Continue Reading.

💙 USDY Goes Live on Arbitrum 

USDY is now available natively on Arbitrum for users and developers. This integration brings our tokenized US Treasuries product to one of the largest DeFi ecosystems, continuing Ondo’s momentum of expanding the utility and access of real-world assets onchain. USDY is available in Arbitrum’s leading DeFi protocols, including Camelot and Dolomite. Continue Reading.

💼 Mark Janoff Joins Ondo Finance as General Counsel

We’re excited to have announced that Mark Janoff has joined Ondo Finance as our new General Counsel! Ondo has developed a robust reputation for its institutional-grade products, with investor protection, safety, transparency, and legal frameworks at the forefront. Mark brings extensive experience in blockchain-related legal work, making him uniquely positioned to provide valuable insights into real-world asset tokenization and the nuances of investor protection. Following his appointment as General Counsel at Ondo Finance, we sat down with him to discuss his perspectives. Continue Reading.

🌌 Case Study: Bringing Utility to Payments with USDY

In December of 2023, Ondo launched USDY on the Solana blockchain, offering users access to native USDY through a growing array of dApps in the Solana ecosystem. Since then, crypto payment platforms in the ecosystem have enabled merchants to accept payments with and settle in yield-bearing assets like USDY, offering new utility to merchants and their users. Continue Reading.

💸 Ondo Finance Applies to Ethena Reserve Fund

Following Arbitrum DAO’s Stable Treasury Endowment Program Committee’s recommendation to diversify 6M ARB from the Arbitrum DAO Treasury into USDY, Ondo Finance has submitted applications for USDY and OUSG’s inclusion in the Ethena Reserve Fund. 

🌐 Ondo Ecosystem Expansion

The Ondo Ecosystem Directory – a list of the institutions, protocols, and networks aligned with our mission of delivering institutional-grade financial products onchain continues to expand. This month, we were delighted to welcome Camelot, Blocto, Aries Market, Thala, Liquidswap, Osmosis, Helix, Hydro, Phantom, Petra, and Pontem Wallet to the Ondo Ecosystem, among others. View the ecosystem here.

🗣️ Nathan Allman Speaks at Blockchain Application Stanford Summit

Nathan Allman, Founder and CEO of Ondo Finance, spoke on the Onchain Assets panel at the Blockchain Application Stanford Summit in New York. View the panel here.

📆 Upcoming Events

Conference season is in full swing and the Ondo team will be speaking at numerous events across Korea Blockchain Week and Token2049 Singapore.

Korea Blockchain : 

• Metaverse Post's Hack Seasons Conference (Sep 2nd): Rania Rahardja, Ondo's Director of APAC Sales, joins Metaverse Post's Hack Seasons Conference on a panel about the latest trends & use cases in real-world assets.
• Korea Blockchain Week Official Event (Sep 3rd): Justin Schmidt, Ondo's President, will speak at Korea Blockchain Week's main event on a panel "Not Just Dollars: How RWAs Are Getting Interesting".
• Story Protocol IPFi Summit (Sep 4th): Rania Rahardja will speak at Story Protocol's IPFi Summit's panel "The Future Landscape of RWA".
• Epoch Seoul (Sep 5th): Rania speaks at A41's Epoch Seoul summit on a panel with Plume and Mantra, "Tokenizing the World: Leveraging Blockchain to Unlock New Market Opportunities".
• Aptos Experience (Sep 6th): Justin Schmidt will speak at The Aptos Experience covering "The Next Era of DeFi: Exploring What It Takes to Truly Scale".

Token2049 Singapore

• Beyond the Hype: RWAs & DeAI (Sep 16th): Rania Rahardja from Ondo joins Outlier Ventures' investors summit on the opportunity of Real World Assets
• Epoch Singapore (Sep 17th): Rania speaks at the Epoch Singapore summit on a panel bringing about RWA's to the world
• Converge Summit (Sep 17th): Ian De Bode, Ondo's Chief Strategy Officer, join's Caladan at their Converge: Real World Utility summit for a panel "The Reality of RWAs" with the CEOs and founders of Plume, Mantra, and Maple.
• Stablecoin Standard (Sep 17th): Matthew Blumberg, Ondo's Head of DeFi, will speak at Stablecoin Standard's first flagship annual summit.
• Plume RWAfi Conference (Sep 18th): Matthew Blumberg will join Plume for their Singapore edition of their RWAfi summit.
• Ondo x Pantera Happy Hour (Sep 19th): Join Ondo and Pantera for our Institutional-Grade Happy Hour networking event
• Token2049 Conference Main Stage (Sep 19th): Justin Schmidt takes the main stage at Token2049 on a panel "Redefining Ownership: Tokenization and Next-Generation Markets"

⚠️ NOTE: Neither USDY nor OUSG has been registered under the US Securities Act of 1933 ("Act") or pursuant to securities laws of any other jurisdiction, and neither may be offered, sold or otherwise transferred in the US or to US persons unless registered under the Act or an exemption or exclusion from the registration requirements thereof is available. Additional restrictions may apply. Neither Ondo USDY LLC nor Ondo I LP, the respective issuers of USDY and OUSG, is registered as an investment company under the US Investment Company Act of 1940, as amended. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, USDY or OUSG. Acquiring tokens, including USDY and OUSG, involves risks. A holder of such tokens may incur losses, including total loss of their purchase price. Past performance is not an indication of future results.

Ondo does not endorse, Ondo does not make any representation or warranty whatsoever (express or implied, including but not limited to any warranty of merchantability, fitness for a particular purpose or non-infringement) regarding, and ONDO SHALL NOT HAVE ANY LIABILITY WHATSOEVER WITH RESPECT TO ANYONE'S USE OF, any third-party products, services or technologies referenced herein. Additional terms apply. Visit http://ondo.finance/usdy for details.