Ondo Finance uniquely merges DeFi with traditional finance, offering liquidity-as-a-service, tokenized assets, and decentralized governance. More
Fully Diluted Valuation | $9.23B |
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24H Trading Volume | $105.74M |
24H Low / High | $0.91 / $ 0.95 |
Circulating Supply | 3.16 B |
Total Supply | 10.00 B |
Max Supply | 10.00 B |
Categories | Real World Assets (RWA) 10 more |
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Founder | Nathan Allman 1 more |
Website | fluxfinance.com 1 more |
Socials | 3 more |
Chains | Ethereum Ecosystem |
Explorer | Ethplorer 3 more |
Contracts |
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Name | Pair | OG Score |
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Ondo Finance, a decentralized investment bank, has emerged as a key player in the ever-evolving landscape of decentralized finance (DeFi). Founded in July 2021 by finance and technology experts Nathan Allman and Pinku Surana, Ondo Finance seeks to revolutionize financial infrastructure by seamlessly integrating DeFi principles with traditional investment banking practices. At the core of their offerings is the ONDO token, empowering holders to influence the Ondo DAO and Flux Finance protocol, driving on-chain governance proposals for economic parameters and smart contract upgrades.
A standout feature of Ondo is its commitment to facilitating liquidity in the decentralized ecosystem. Acting as a bridge between capital providers, such as DAOs and institutional investors, and capital seekers, Ondo has pioneered the liquidity-as-a-service space. With live partnerships with 10+ DAOs and commitments from stablecoin issuers, Ondo has attracted $100 million+ in new liquidity and related incentives. Notably, Ondo's rapid organic growth sets it apart, achieving one of the largest Total Value Locked (TVL) on Ethereum without resorting to liquidity mining campaigns.
Ondo Finance's innovative approach extends beyond liquidity, encompassing the tokenization of real-world assets (RWAs) and the creation of diverse investment vaults. From the OUSG Fund, offering tokenized ownership of BlackRock’s iShares Short Treasury Bond ETF, to the stablecoin alternative USDY backed by short-term US Treasuries, Ondo enhances liquidity and accessibility. Moreover, Ondo's commitment to compliance and regulation, exemplified by the OMMF token for qualified purchasers, showcases its dedication to navigating the regulatory landscape. Backed by a $20 million Series A funding round in April 2022, led by Founders Fund and Pantera Capital, Ondo Finance continues to shape the future of decentralized finance, blending tradition with innovation.
Ondo stands out for bridging DeFi with traditional finance, offering liquidity-as-a-service, tokenized assets, and decentralized governance.
Ondo Finance was founded by Nathan Allman and Pinku Surana, both experienced professionals in finance and technology.
Ondo Finance secured $20 million in a Series A funding round led by Founders Fund and Pantera Capital in April 2022.
You can buy Ondo (ONDO) on Binance, OKX, BitgetGate.ioBybit cryptocurrency exchanges.
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