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Ondo Monthly Spotlight: March 2024

Welcome to the Monthly Spotlight from Ondo Finance, where we delve into the latest developments from the forefront of real-world asset (RWA) tokenization. This month, we announced that OUSG will soon offer instant subscriptions and redemptions, 24/7/365. As part of this evolution, we also reallocated a substantial portion

Press Release: Ondo Finance hires former McKinsey head of digital assets as Chief Strategy Officer

Greenwich, Connecticut – Ondo Finance, a pioneer in the tokenization of real world assets, today announced the addition of Ian De Bode as its Chief Strategy Officer. Mr. De Bode was previously a Partner at McKinsey & Company, leading its efforts in Digital Assets. Ondo currently offers two tokenized cash equivalents.

Introducing Instant, 24/7/365 Subscriptions and Redemptions; Shifting OUSG Funds into BlackRock’s BUIDL

Until now, redemptions of OUSG have generally taken a few business days, as traditional T+2 securities settlement times have constrained how quickly we were able to receive USD after selling the underlying securities. While the upcoming move to T+1 settlement for many types of securities is a step

Ondo USDY LLC Registers with FinCEN

We are happy to announce that Ondo USDY LLC (“USDY”) has successfully registered as a Convertible Virtual Currency Administrator and Money Services Business with the Financial Crimes Enforcement Network (“FinCEN”) in the United States. USDY issues yield-bearing tokens collateralized with US Treasuries, for customers to use as an alternative to

Ondo Monthly Spotlight: February 2024

Welcome to the Monthly Spotlight from Ondo Finance, where we delve into the latest developments from the forefront of real-world asset (RWA) tokenization. This month, we unveiled Ondo Global Markets (Ondo GM), a platform bringing existing securities with deep liquidity like public equities and fixed income onchain. We also announced

Ecosystem Partners For USDY on SUI

Ondo is excited to introduce USDY on the SUI blockchain, opening up opportunities for users on the Sui blockchain to seamlessly buy and use USDY via a diverse selection of decentralized applications. This milestone reflects a concerted effort with leading ecosystem partners such as Cetus, Turbos, Aftermath, Kriya, FlowX, Navi,

Introducing Ondo Global Markets - A New Paradigm for Securities Tokenization

The biggest challenge in tokenizing real world assets (“RWAs”) is liquidity.  For years, the RWA space was focused on tokenizing illiquid assets like newly originated private credit (e.g. uncollateralized loans to crypto market makers). While there may have been some value in providing direct access to these opportunities for

Ondo Finance and Aptos Foundation Forge Strategic Partnership to Tokenize Real World Assets

Ondo Finance and Aptos Foundation have announced a strategic partnership aimed at revolutionizing the integration of real world assets (RWAs) with blockchain technology. This partnership not only signifies a major step forward in blockchain finance but also brings together two organizations with impressive institutional pedigrees and partnerships, including ties to

BitGo extends custody support for USDY & OUSG

Ondo Finance is delighted to announce our strategic partnership with BitGo, as they extend their custody support to encompass two Ondo tokens, Ondo US Dollar Yield (USDY), and Ondo US Short-Term Government Bond Fund (OUSG). Safekeeping one's assets, commonly referred to as "custody" by institutional investors,

Press Release: Ondo Finance expands Risk and Compliance team, adding additional Goldman alum

Greenwich, Connecticut – Ondo Finance, a leading player in onchain finance, today announced it had hired Chris Tyrrell as its Chief Risk and Compliance Officer. Mr. Tyrrell was previously the Head of Digital Assets Compliance and Head of Data Management Risk at Goldman Sachs, and joins fellow Goldman alumni Justin Schmidt,

Navigating New Waters: Ondo's Wave of Tokenization Meets Sui's Expanding Sea

Ondo Finance is thrilled to announce a groundbreaking partnership with Sui, bringing our premier tokenized US Treasuries product, USDY, natively onto the Sui network. This collaboration is set to enhance the accessibility of Real World Asset (RWA) products within Sui's rapidly expanding ecosystem, known for its significant strides

Ondo Monthly Spotlight: January 2024

Welcome to the first Monthly Spotlight from Ondo Finance. Every month, we’ll be covering the latest developments from the forefront of real world asset (RWA) tokenization. Last year, we established our leadership in the RWA space with our four primary products: the first tokenized security with material adoption (OUSG)

Introducing the Ondo Ecosystem Directory

Ondo Finance is proud to unveil our directory for the Ondo Ecosystem – the set of partners aligned with our mission of bringing institutional-grade financial products and services to everyone, including a network of strong partnerships with leading providers across liquidity, custody, and other key onchain services. This directory will help

Ondo's Journey: Vision, Achievements, and the Path Forward

At Ondo, we hold a few core beliefs. The first is that over the next decade, the traditional and decentralized finance worlds will merge, with public blockchain technology underpinning it all. As that happens, significant value will be created. To be well-positioned to capture that value, we must create institutional-grade

Ecosystem Partners For USDY on Solana

Ondo is thrilled to have launched USDY on the Solana blockchain. Now, users across the Solana ecosystem can easily access native USDY through a growing array of dApps, or by onboarding with Ondo. This launch is the result of a collaborative effort involving prominent ecosystem partners, including Jupiter Exchange, Raydium

The Next Step In Ondo’s Expansion: Exploring the Low-Latency Frontier

Ondo is natively deploying its flagship tokenized US Treasuries products, OUSG and USDY, on the Solana network. Solana has recently become an undeniable hotbed of activity and a blackhole for incoming liquidity. Earlier this month, Solana eclipsed Ethereum in 24-hour DEX trading volume for the first time in history- an

Bridged USDY is Now Available on Injective

Injective, the lightning-fast blockchain for Web3 finance applications, today introduced US Treasuries-backed yield. This achievement is realized through the bridging of Ondo’s US Dollar Yield (USDY) token, offering users across Injective and the broader cosmos ecosystem the ability to store dollar-denominated value while generating an attractive yield. Eric Chen,

Ondo Bridge: Enabling Native, Cross-Chain RWA Transfers

Today, we're excited to unveil Ondo Bridge, a mechanism for seamlessly transferring Ondo tokens across blockchains. Ondo is partnering with Axelar, incorporating its state-of-the-art, multi-chain communication primitives together with a novel Ondo risk management layer to help investors in Ondo products bridge assets in a safe and efficient

Protecting Investors: What Happens if Ondo goes Bankrupt?

Over the past few years, a number of notable players in both the crypto and traditional banking worlds have either gone bankrupt or have come close to doing so. Investors have thus started asking more questions about what would happen to their assets if the company holding such assets were

Introducing Ondo USD Yield (USDY)

We’re thrilled to announce USDY, a tokenized note secured by short-term US Treasuries and bank demand deposits that will revolutionize the way investors all around the world store and transact value. USDY brings the institutional-grade structuring and investor protections of our latest product, OUSG (Ondo US Government Bond Fund)

Ondo and Polygon Labs Announce Strategic Alliance to Help Drive Adoption of Institutional-Grade DeFi Products and Services

Ondo, an Ethereum-based asset manager coalescing DeFi and traditional finance, and Polygon Labs, a development team for the Ethereum scaling Polygon protocols, today announce a strategic alliance to help drive the adoption of institutional-grade products within the DeFi ecosystem. This collaboration brings together the expertise and cutting-edge technologies of Ondo

Ideal Collateral for Decentralized Lending

Flux Finance’s introduction of DeFi loans collateralized by US Treasuries represents a groundbreaking development for the crypto industry.  Why is this, and how does lending against US Treasuries collateral compare to lending against other types of crypto collateral, such as Bitcoin or stablecoins?  Before delving deeper, let's

Bringing Money Market Funds On-Chain

Just over two months ago, we launched the world’s first tokenized US Treasuries exposure in OUSG, bringing the risk-free rate on-chain. Our initial focus has been to use OUSG to help large stablecoin holders more easily tap into Treasuries. We also fostered early on-chain utility for OUSG by developing

Bond ETFs vs Direct Bond Exposure in Tokenized Products

The Ondo Short-Term Investment Grade Bond Fund (OUSG) invests its assets into the Blackrock’s iShares Short Treasury Bond ETF (SHV), a more than $23 billion ETF that trades several hundred million dollars a day, in order to deliver tokenized U.S. Treasuries exposure with direct stablecoin onramp and offramp

Welcome Justin Schmidt, Ondo's new President and COO

I am thrilled to announce that Justin Schmidt is joining Ondo as our President and COO. Justin joins us with an over 19-year track record in financial services including as Head of Digital Assets at Goldman Sachs, where he spearheaded the firm’s overall digital asset strategy, and as Head

Announcing Tokenized US Treasuries and Bonds

I am delighted to announce that Ondo is bringing the risk-free rate on-chain. We have launched a tokenized fund that allows stablecoin holders to invest in bonds and US Treasuries, making traditional capital markets more accessible to investors who collectively hold more than $100 billion of non-yield-bearing stablecoins. Investors will

Ondo Token Sale On CoinList Drives Over 18,000 New Token Holders

We are excited to announce the sale of ONDO tokens via CoinList to over 18,000 purchasers. Over $10MM was raised via the sale across two tranches at a weighted average network valuation of $525MM. The success of the sale in these turbulent market conditions is a testament to the

Ondo Bi-Monthly Recap | Apr-May 2022

Welcome to the very first edition of our bi-monthly recap. We first released this content via email, so please subscribe here if you don’t want to miss our latest updates! Announcements 📣 Coinlist We were delighted to share the launch of the Ondo token and DAO governance, via initial listing

Introducing agEUR-as-a-Service with Angle & Paladin

On April 30, the Angle community approved a partnership with Paladin to utilize Ondo’s Liquidity-as-a-Service offering. This partnership will enable the use of $agEUR as liquidity for $PAL. Angle will become the first project to utilize Liquidity-as-a-Service with a euro-pegged stablecoin. Angle’s approval follows an initial proposal by

Ondo Raises $20M in Series A investment round led by Founders Fund and Pantera Capital

We’re delighted to announce that Ondo Finance has raised $20M in Series A funding to accelerate the adoption of DeFi through the servicing of key stakeholders, including decentralized autonomous organizations (DAOs), institutions, and retail investors. The equity round was led by Peter Theil’s Founders Fund, and Pantera Capital.

AMP to utilize FRAX-as-a-Service from Ondo Finance

Amp has joined FRAX-as-a-Service to establish a brand new ~$20m FRAX-AMP liquidity pool on Uniswap by utilizing Ondo Finance vaults. This will be the deepest $AMP liquidity pool on any DEX. Amp will provide $10m worth of $AMP to the Ondo vault, with Frax providing the stablecoin side of the

Introducing FRAX-as-a-Service

We’re excited to announce that Frax’s governance process has approved a partnership with Ondo! This partnership will build on Ondo’s Liquidity-as-a-Service offering and enable the use of $FRAX (provided by the protocol itself) as liquidity for token issuers. Based on the design of the proposal, a portion

The Limits of Liquidity Mining

By Justin Bram Background on Liquidity Mining At a high level, Liquidity Mining is a way for a protocol to bootstrap its growth and liquidity by rewarding users with tokens for providing liquidity or other services for the protocol. Why do projects want to increase liquidity in their own tokens?

Introducing Flipped Vaults

Introducing Flipped Vaults! Ondo’s new flipped vaults allow users to choose which assets to receive fixed yield or variable yield exposure in. Today’s vaults will be the first time Ondo is offering flipped vaults to the community. Ondo and the BitDAO community are pleased to offer two new

Introducing Fei-as-a-Service with $100M in Committed Capital

Ondo Finance and Fei Protocol have partnered with several cutting-edge DeFi protocols to help them increase their decentralized exchange liquidity. The Liquidity-as-a-Service (“LaaS”) offering allows protocols to phase out longstanding liquidity mining campaigns, which many argue is unsustainable, costly, and leads to unwanted volatility. Fei’s initial commitment of $50M

Aggregation Theory & Value Capture in DeFi

By Gabriel Bianconi I’m excited to join Ondo Finance as the Chief Product Officer. Nathan — Ondo’s CEO and founder — is a long-time friend I really respect. I was fortunate to make a small angel investment in Ondo’s seed round, and now I’m doubling down by becoming

Ondo Finance Admin Actions

Dear Ondo Finance community, This past week we discovered a subtle bug in an audited contract that manages Sushiswap vaults for ETH/CVX and ETH/YGG. All customer funds are safe. All funds will be available to withdraw at the conclusion of these vaults’ 30 day terms. This bug required

Introducing Ondo Yield Guild Vaults

Bridging NFT and DeFi communities We are excited to announce a new partnership with Yield Guild Games, a pioneer in the NFT and gaming space that is bringing players together to earn yield via NFT games. For those new to our community, Ondo is building a suite of on-chain banking

APY Calculations Methodology

There are so many ways to calculate projected APY, after all estimating the future is hard! In this post we will briefly go over our methodology for calculating APYs. Upcoming Vaults To calculate the APY for upcoming vaults we take the previous 7 day yield and extrapolate that for the

Ondo Raises $4M to Balance Risk and Reward for the DeFi Ecosystem

We’re excited to announce today that Ondo Finance has raised $4M in funding to accelerate the growth of DeFi by offering tailored returns to investors with a wide array of risk preferences. The equity round was led by Pantera Capital with participation from Genesis, Digital Currency Group, CMS, CoinFund,

Analyzing Return Scenarios

Case Study using Ondo Alchemix Vaults Introduction We often get asked how to compare yields for different farms and how they might compare with the Ondo Tranches. We noticed that this is not always straightforward, so we have created a tool to help you with this analysis. The breakeven yield

Introducing Ondo Finance

Risk Management Meets DeFi Welcome to Ondo, a DeFi protocol built to balance risk appetite against yield for every type of DeFi user. Today we are excited to announce Ondo Finance. Ondo is a permissionless protocol built to accelerate decentralized finance (“DeFi”) adoption among mainstream investors by enabling the granular