Ondo
Ondo Finance is a decentralized finance platform that designs institutional-grade financial products and infrastructure to bring traditional financial markets on-chain. The company's product portfolio includes Ondo Stocks, a platform for tokenizing traditional public securities with 24/7 minting and redemption; USDY, a permissionless yield coin with over $2.16 billion in TVL; and OUSG, offering institutional…
Funding snapshot
About
Ondo Finance is a decentralized finance platform that designs institutional-grade financial products and infrastructure to bring traditional financial markets on-chain. The company's product portfolio includes Ondo Stocks, a platform for tokenizing traditional public securities with 24/7 minting and redemption; USDY, a permissionless yield coin with over $2.16 billion in TVL; and OUSG, offering institutional investors exposure to short-term U.S. Treasuries with instant mints and redemptions. Ondo's Nexus technology enables issuers of tokenized U.S. Treasuries and stablecoins to offer instant minting and redemption. The platform supports 440+ assets with approximately 86,600 unique holders and has partnered with institutions including J.P. Morgan, Mastercard, Ripple, Broadridge, and Franklin Templeton. Founded in 2021 and headquartered in New York City, Ondo has raised $24 million at the Series A stage from investors including Pantera Capital, Founders Fund, Tiger Global Management, Coinbase, Digital Currency Group, CoinFund, Flow Traders, and Wintermute.
Business model
Cryptocurrencies > Financial Services > Banking
Team background
Company Wise > Goldman Sachs
Institutional investors
Latest coverage
No articles yet.
Similar startups
PagarBook
Provider of staff attendance, payroll and biometric attendance tools for small to medium enterprises
Vertice
AI-powered platform for modern finance and procurement teams. It offers features such as intake-to-procure, SaaS purchasing, and risk management.
1Kosmos
Block-chain-based passwordless authentication for customers. The products offered by the company include BlockID Verify, Workforce, and customer.
Concordium
Operator is a developer of an on-demand commerce platform that uses a network of human operators to fulfill customer requests for products through a text-based messaging interface.