Ondo is a DeFi protocol based on Ethereum that aims to transform traditional liquidity services into the tokenization of real-world assets. Simply put, Ondo wants to use innovative financial products to connect crypto assets with the real economy.

Its main product is bond RWA, which emphasizes compliance, requires investor KYC, has a threshold of US$1 million, and requires tax forms.

And it has been launched on Binance Futures, currently launching four products, including the U.S. Monetary Fund OMMF, Blackrock Short-term U.S. Treasury Bond ETF OUSG, tokenized notes USDY, and Flux Finance that supports tokenized securities collateral.

Advantages of Ondo

Ondo claims to have achieved several firsts in the RWA field. For example, USDY is the first tokenized U.S. Treasury bond, and OUSG is the first tokenized Treasury bond ETF (SHV issued by BlackRock).

Ondo can tokenize Treasury bond ETFs, which means it can also tokenize other ETFs and even U.S. stocks. In this way, Ondo’s narrative will be very huge.

Ondo is registered in the United States and takes a compliance route, similar to Circle (the issuer of USDC). There is no need to worry about the project side running away and the token value returning to zero.

Currently, Coinbase and Huobi are online, and Binance has listed contracts.

Technology and financial strength are online at the same time

Ondo Finance, a protocol designed to accelerate the adoption of decentralized finance (DeFi) among institutional investors by minimizing risk, has 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 the round.

Ondo Finance was founded by two former Goldman Sachs traders, Nathan Allman and Pinku Surana. The protocol is designed to allow DeFi traders to hedge and exploit risk according to their inclinations. In May 2023, the first round of financing led by A16z raised US$29.3 million, with participants including Hashed, dao5, Berggruen Holdings, Samsung Next, Foresight Ventures, Two Small Ventures, SLVC, and Mirana Corp. In September 2023, it received US$25 million in financing, still led by A16z, with participants including Hashed, Dao5, Samsung Next, Endavor, Raham Gharegozlou, Alliance, Meiana, and Foresight Venterus.

The prospect seems good, but Binance currently does not offer spot, only contracts, and the fee is charged every 4 hours, which is scary 😂😂😂😂