In 2021, a US-based company named Ondo, also known as Ondo Finance, was established to make institutional-grade financial products and services more accessible to everyone using blockchain technology. Ondo's mission is to democratize access to such financial products by combining traditional financial wisdom with innovative blockchain applications. The company has made significant progress in tokenizing securities and developing decentralized protocols that enhance the distribution and utility of these tokens. With a leadership team that includes former members of Goldman Sachs Digital Assets team and partnerships with institutional giants like Blackrock and Morgan Stanley, Ondo is leading the way in integrating real-world financial assets with blockchain technology.
Ondo Finance operates at the intersection of traditional finance (TradFi) and decentralized finance (DeFi), offering a unique combination of products and services. The company's core focus is on facilitating the tokenization of securities, including US Treasuries and money market funds, thereby bridging the gap between conventional financial assets and the blockchain world. This tokenization process involves converting financial assets into blockchain tokens, making them accessible and tradable on decentralized platforms. Ondo's OUSG token, for instance, is backed by short-term US Treasuries, managed by BlackRock, and custodied by leading financial institutions such as BNY Mellon and JP Morgan. This approach not only democratizes access to premium financial products but also adds a layer of security and transparency inherent to blockchain technology.
In addition to tokenizing securities, Ondo has developed decentralized protocols to enhance the distribution and utility of these tokens. One such protocol is Flux Finance, a decentralized platform supporting Ondo's tokenized US Treasuries. By leveraging blockchain technology, Ondo ensures that these protocols operate independently, governed by separate entities, maintaining a high standard of security and trust. The company emphasizes transparency and legal compliance, regularly undergoing financial and information security audits and collaborating with reputable institutional partners.
Ondo's approach to cash management is another crucial aspect of its operation. The company recognizes the importance of balancing liquidity and yield and offers products such as OUSG and OMMF that invest in high-quality, liquid real-world assets. This strategy enables effective cash management for both crypto-centric organizations and individuals, providing a safeguard against market volatility and inflation while offering potential returns.
ONDO has a total supply of 10,000,000,000. The current circulating supply of ONDO is 1,382,585,827.
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