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
$0.3321
-0.8% 24h
Latest data · 15 min delay
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.
Yield-bearing bearer note secured by Treasuries and bank deposits. Reg S (non-US persons). Daily yield via NAV; 24/7 mint/redeem.
Tokenized short-term US Treasury fund interest for eligible investors. Rule 506(c) / 3(c)(7) qualified access.
Protocol governance token on Ethereum.
Tokenized equities/ETFs product line; surpassed $1B TVL (May 2026).
USDY uses a Reg S wrapper; OUSG uses Rule 506(c)/3(c)(7). Access is legally gated to eligible investors — these are securities, not stablecoins.
Ondo FinanceOndo Global Markets tokenizes US equities and ETFs (e.g. TSLA, SPY, QQQ, NVDA) 1:1 against custodied shares for 24/7 on-chain trading.
Ondo FinanceTokenized Treasuries · Institutional-Gated, Yield-Bearing, Real-World-Custody
RWA revamp spec §4Tokenized Equities · Institutional-Gated, Yield-Bearing, Multi-Chain
RWA revamp spec §4How Ondo Finance maps onto established TradFi structures, and where it diverges.
Tokenized short-duration Treasury note
Ondo Finance
USDY maps to a regulated bearer note with Treasury/bank backing.
TradFi analogue
24/7 onchain mint/redeem and Reg S access restrictions vs traditional brokered notes.
Tokenized money-market / Treasury fund
Ondo Finance
OUSG approximates fund LP interests in short-term Treasuries.
TradFi analogue
Onchain instant mint/redeem for eligible investors vs mutual-fund settlement cycles.
Ondo Finance Inc.
Parent operating company Parent entity per Ondo privacy policy and docs.
Ondo USDY LLC
USDY issuer SPV FinCEN-registered MSB issuing USDY.
Ondo I GP LLC / Ondo Capital Management LLC
OUSG fund structure GP and investment manager for the OUSG tokenized fund.
Series A
2022-04-21$20.0M
Key milestones: launches, upgrades, exploits and governance events.
USDY launches (Reg S)
ExecutedOndo issues USDY, a yield-bearing tokenized note backed by short-term Treasuries under a Reg S wrapper.
SourceONDO governance token launch
ExecutedONDO becomes transferable and the protocol's governance token goes live.
SourceOUSG institutional access
ExecutedOUSG offers tokenized US Treasury fund exposure to eligible investors under Rule 506(c)/3(c)(7).
SourceOndo Global Markets launches
ExecutedTokenized US equities/ETFs (TSLA, SPY, QQQ, NVDA) come on-chain for 24/7 trading and DeFi composability.
SourceNo. USDY is a yield-bearing bearer note whose value accrues as yield is earned. It is dollar-denominated but not pegged to $1 like USDC.
OUSG is offered under Rule 506(c) and 3(c)(7) to eligible investors with KYC/AML onboarding. Not permissionless like most DeFi tokens.
Yes. USDY is deployed on Arbitrum One among Ethereum, Mantle, Solana, and other networks.
Max supply
Emissions policy
Large allocations to ecosystem growth and protocol development vest over multi-year schedules; governance directs treasury deployment.
