Ondo Finance
RWA · ONDO
Ondo Finance packages regulated, institutionally structured real-world assets into yield-bearing onchain tokens with 24/7 mint/redeem and explicit legal wrappers (Reg S for USDY; Rule 506(c)/3(c)(7) for OUSG).
Institutional-grade finance, delivered onchain.
ONDO price
$0.3314
-0.1% 24h
Latest data · 15 min delay
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Ondo Finance — Research Skill
Institutional-grade finance, delivered onchain.
ondo-finance · v1.0.0
Facts
| category | Network |
| symbol | ONDO |
| tagline | Institutional-grade finance, delivered onchain. |
| arbitrumNative | no |
| chains | Arbitrum One, Ethereum |
| security | verified (OZ-derived · public audit on file) |
| memberCoins | 9 (USDY, rUSDY, OUSG, GM, ONDO, ONDO, USDY, USDY, OUSG) |
| tvl | $5.60M |
| marketCap | $1.61B |
| price | $0.3314 |
| priceChange24h | -0.1% |
| priceChange7d | 5.4% |
| priceChange30d | -22.0% |
| fdv | $3.31B |
| marketCapRank | #48 |
| tvlChange1d | -0.1% |
| tvlChange7d | -0.1% |
| universalMetricsSyncedAt | 2026-07-03T17:03:30Z |
| users | 52K |
| apr | 3.55% |
Sections
Overview
Ondo Finance packages regulated, institutionally structured real-world assets into yield-bearing onchain tokens with 24/7 mint/redeem and explicit legal wrappers (Reg S for USDY; Rule 506(c)/3(c)(7) for OUSG).
What makes it different
Regulated RWA yield products with legal wrappers and daily proof of reserves — not generic stablecoins or DeFi wrappers. USDY and OUSG are yield tokens, not fixed $1 stablecoins.
Components
- USDY: Yield-bearing bearer note secured by Treasuries and bank deposits. Reg S (non-US persons). Daily yield via NAV; 24/7 mint/redeem. - OUSG: Tokenized short-term US Treasury fund interest for eligible investors. Rule 506(c) / 3(c)(7) qualified access. - ONDO: Protocol governance token on Ethereum. - Ondo Global Markets: Tokenized equities/ETFs product line; surpassed $1B TVL (May 2026).
Member coins
- USDY (USDY) — Token, Yield-bearing Treasury note (not a stablecoin) - rUSDY (rUSDY) — Stablecoin, Rebasing USDY — $1 price, balance grows with yield - OUSG (OUSG) — RWA, Tokenized US Treasury fund interest - Ondo Global Markets (GM) — RWA, Tokenized US equities/ETFs (TSLA/SPY/QQQ/NVDA) - ONDO (ONDO) — Token, Protocol governance token - ONDO (ONDO) — Token, Governance token - USDY (USDY) — Stablecoin, Native stablecoin - USDY (USDY) — Receipt, Accruing T-bill token - OUSG (OUSG) — Receipt, Tokenized short-term Treasuries
Risks
- Regulatory: Reg S / 506(c) access restrictions; transfer whitelisting and eligibility requirements. - Counterparty: Asset managers (BlackRock BUIDL, Franklin Templeton, banks) and USDC banking rails for USDY. - Reserve / Depeg: USDY NAV can drift — it is a yield note, not a fixed $1 peg. - Liquidity: Business-day pricing, minimums, and qualified-investor gates. - Smart Contract: Smart-contract risk across funds, USDY, and Global Markets. - Custody: Banking and custody rails for USDY wire mint/redeem. - Governance: ONDO tokenholder governance over protocol parameters.
TradFi analogue
- Tokenized short-duration Treasury note: similar — USDY maps to a regulated bearer note with Treasury/bank backing.; differs — 24/7 onchain mint/redeem and Reg S access restrictions vs traditional brokered notes. - Tokenized money-market / Treasury fund: similar — OUSG approximates fund LP interests in short-term Treasuries.; differs — Onchain instant mint/redeem for eligible investors vs mutual-fund settlement cycles.
Actions
| Name | Signature | Access |
|---|---|---|
getProfile Read the CanHav profile for Ondo Finance. | research_getEntity({ slug: "ondo-finance" }) | read-only |
listMembers List the member coins (stablecoins / tokens / RWAs) under this network. | research_listByCategory({ category: "networks" }) | read-only |
readLiveMetrics Read live on-chain supply / metadata for a member contract (Arbitrum). | chain_readLive({ address: "0x..." }) | read-only |
getHistory Pull historical peg / TVL series for a member protocol. | research_getHistory({ slug: "<member-slug>", metric: "peg" | "tvl" }) | read-only |
Glossary
- TVL
- Total value locked — assets held or managed by a protocol, in USD.
- APR
- Annual percentage rate — yield before compounding.
- RWA
- Real-world asset — an off-chain asset represented as an on-chain token.
- ERC-8004
- Trustless-agent identity standard; an agent's portable on-chain identity (ERC-721).