Ondo Monthly Spotlight: October 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, Ondo Finance was proud to work with Libeara, backed by Standard Chartered Ventures, and sub-advised by Wellington Management to provide intraday redemptions for the Delta Wellington Ultra Short Treasury On-Chain Fund (“ULTRA Fund”), a new tokenized US Treasury fund.

⚠️ 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.

October Spotlights ⬇️

1. 🤝 Ondo Finance Works With Libeara to Provide Intraday Liquidity for Tokenized US Treasury Fund
2. 📈 USDY Surpasses $100M TVL on Solana
3. 🥉 USDY Becomes the Second-Largest Tokenized US Treasury Asset by TVL
4. 🇹🇷 USDY Goes Live Across Turkey, with BiLira Kripto
5. 🚀 USDY Goes Live on NAVI Protocol, Sui’s Largest Platform by TVL
6. 📊 Artemis Research: USDY the Fastest Growing Comparable Asset in Q3 2024
7. 🌐 Case Study: How Aptos & Ondo Are Building the Next Generation of DeFi
8. 📅 Upcoming Events

🤝 Ondo Finance Works With Libeara to Provide Intraday Liquidity for Tokenized US Treasury Fund

Ondo Finance is Proud to Work with Libeara, backed by Standard Chartered Ventures, and Sub-advised by Wellington Management to Provide Intraday Redemptions for the Delta Wellington Ultra Short Treasury On-Chain Fund (“ULTRA Fund”), a New Tokenized U.S. Treasury Fund. Ondo is proud to be an anchor investor in the new Delta Wellington Ultra Short Treasury On-Chain Fund, and work with Libeara and Wellington Management to provide intraday redemptions in support of these tokenized units. Continue reading.

📈 USDY Surpasses $100M TVL on Solana

USDY on Solana achieved over 100% growth in the past 30 days, becoming the fourth-largest USD-denominated store of value on Solana, with the three larger ones being non-yield-bearing stablecoins. Learn more.

🥉 USDY Becomes the Second-Largest Tokenized US Treasury Asset by TVL

Ondo's USDY has surpassed Franklin Templeton's FOBXX to become the second-largest tokenized US Treasury asset by TVL, now exceeding $445M. Learn more.

🇹🇷 USDY Goes Live Across Turkey, with BiLira Kripto

BiLira Kripto, one of Turkey's largest exchanges, has added USDY, the market-leading yieldcoin, as its first supported US Treasury-backed token. This marks the first time USDY is available on a Turkish exchange, representing a significant milestone in expanding access to Ondo’s tokenized treasuries to Turkey’s 10+ million crypto users. Continue reading.

🚀 USDY Goes Live on NAVI Protocol, Sui’s Largest Platform by TVL

With over $1B in TVL, Sui Network is quickly becoming a major hub for DeFi, and it starts with NAVI. The largest protocol on Sui by TVL now supports Ondo’s market-leading yieldcoin, USDY. Continue reading.

📊 Artemis Research’s Q3 Reports Shows USDY as the Fastest Growing Comparable Asset in Q3 2024

Ondo's USDY was the fastest-growing asset compared to leading stablecoins quarter over quarter, growing total supply by nearly 120%, as expected demand for yieldcoins continues accelerating as onchain capital holders become more sophisticated. Learn more.

🌐 How Aptos & Ondo Are Building the Next Generation of DeFi Using Real-World Assets

With over $170B in total TVL across the blockchain economy, stablecoins have emerged as one of crypto’s most successful innovations. A powerful tool for decentralized banking, they enable frictionless trading, lending, and borrowing on DeFi platforms. And yet, there is opportunity for further innovation. We believe the natural evolution of dollar-denominated stablecoins are tokenized, real-world assets—like tokenized US Treasuries—offering the same core functionality as stablecoins coupled with yield and improved investor protections. Continue reading.

📅 Upcoming Events

Hear from the Ondo Team at the following events throughout November:

• Singapore Fintech Festival (Nov 5): Rania Rahardja, Ondo’s Director of Sales, APAC, will be speaking on the SC Ventures Panel, discussing the next wave of digital asset innovation in “The Institutional Imperative.”
• The Bridge (Nov 6): Nathan Allman, Ondo's Founder & CEO, will be speaking on a panel at the Tie’s The Bridge, discussing “Why Financial Markets Need RWAs.”