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Ondo Finance

RWA · ONDO

NetworkRWAStablecoinTokenized TreasuriesInstitutional-GatedYield-BearingReal-World-CustodyMulti-Chain9 coinsVerified

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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Research

Components, facts, FAQ, timeline, and tokenomics in one place

Main components (4)

1

USDY

Yield-bearing bearer note secured by Treasuries and bank deposits. Reg S (non-US persons). Daily yield via NAV; 24/7 mint/redeem.

2

OUSG

Tokenized short-term US Treasury fund interest for eligible investors. Rule 506(c) / 3(c)(7) qualified access.

3

ONDO

Protocol governance token on Ethereum.

4

Ondo Global Markets

Tokenized equities/ETFs product line; surpassed $1B TVL (May 2026).

Differentiator

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.

Organizational structure

Units & roles

  • Ondo Finance Inc.

    Parent entity per Ondo privacy policy and docs.

    Parent operating company

  • Ondo USDY LLC

    FinCEN-registered MSB issuing USDY.

    USDY issuer SPV

  • Ondo I GP LLC / Ondo Capital Management LLC

    GP and investment manager for the OUSG tokenized fund.

    OUSG fund structure

Investment rounds

DateRoundAmountInvestorsLink
2022-04-21Series A$20.0M
Founders FundCoinbase VenturesTiger GlobalWintermute
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Similarity to traditional finance products

How Ondo Finance maps onto established TradFi structures, and where it diverges.

TradFi productSimilarity to Ondo FinanceKey differences
Tokenized short-duration Treasury noteUSDY maps to a regulated bearer note with Treasury/bank backing.24/7 onchain mint/redeem and Reg S access restrictions vs traditional brokered notes.
Tokenized money-market / Treasury fundOUSG approximates fund LP interests in short-term Treasuries.Onchain instant mint/redeem for eligible investors vs mutual-fund settlement cycles.

Data sources

Research agent