Ondo Finance Expands to Asia Pacific, Eyes Crypto Community Exposure
Ondo Finance established its first office in the Asia Pacific region, seeking exposure from APAC’s crypto community.
RWA tokenized investment protocol Ondo Finance announced the establishment of its first office in the Asia Pacific (APAC) region. This strategic move is anticipated to facilitate the company’s integration into the Asian crypto-favourable environment aligning with the region’s rising interest in digital assets.
Furthermore, Ondo Finance believes that the expansion will be enhanced by the region’s substantial wealth and diverse investor base.
The company claims to hold nearly 40% of the global market share in tokenized securities and presently provides three tokenized products—OUSG, OMMF and USDY. These products enable exposure to asset classes based in the United States, including US Treasuries and money market funds.
“There is an active and rapidly growing crypto community and an appreciation for the type of high-quality exposure to U.S. assets that our tokens provide,” said Nathan Allman, founder and chief executive officer of Ondo Finance, in a written statement.
Ondo Finance Solidifies Presence with Tokenized Assets for Institutions
Founded in 2021, Ondo Finance is a technology company based in the United States that aims to democratize access to institutional-grade financial products and services. The company is engaged in tokenization of securities and advancement of decentralized protocols to enhance utility and distribution of the tokens.
Ondo Finance leadership team has prior experience in managing the Goldman Sachs’ Digital Assets team. Collaborating with institutional partners such as Blackrock and Morgan Stanley, Ondo Finance has garnered support from venture capital firms including Founders Fund, Pantera Capital and Coinbase Ventures.
Last year, Ondo Finance collaborated with the decentralized autonomous organization-led web3 ecosystem, Mantle Network, to introduce USDY. This tokenized note is backed by US Treasuries and bank deposits. Subsequently, the company expanded the availability of USDY on the Solana blockchain.
With a strategic expansion into the APAC region and the strengthening of its presence in the thriving Asian crypto ecosystem, Ondo Finance is positioning itself as a key global player in tokenized securities, further solidifying its position.
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