What is Ondo? (ONDO)

Founding and Early Development (2021-2022)

Ondo Finance was established to bridge traditional finance and DeFi, launching its first products to facilitate on-chain investment in real-world assets.

Key Events:

• Ondo Finance founded by ex-Goldman Sachs professionals.
• Initial focus on yield-generating vaults and DeFi liquidity provision.
• Development of partnerships with institutional investors and DeFi protocols.
• Early vision: democratize access to institutional-grade financial products via blockchain.

Expansion into Tokenized Treasuries (2023)

Ondo pivots to tokenized U.S. Treasuries, launching OUSG and attracting significant institutional interest in on-chain government bond exposure.

Key Events:

• Introduction of Ondo Short-Term U.S. Government Bond Fund (OUSG).
• OUSG provides 24/7 redemption, on-chain access to U.S. Treasuries for global investors.
• Significant inflows from institutional and crypto-native investors.
• Growth in Total Value Locked (TVL) as tokenized Treasury market expands.

Strategic Partnerships and Regulatory Progress (2024)

Ondo builds major alliances and navigates regulatory complexities, acquiring a broker-dealer and influencing U.S. and global tokenization policy.

Key Events:

• Acquisition of Oasis Pro, an SEC-registered broker-dealer (July 2025).
• Launch of Ondo Catalyst fund for RWA project investments.
• Advocacy for transparency in tokenized securities settlement (letters to SEC regarding Nasdaq’s proposal).
• Collaboration with major asset managers (BlackRock, Fidelity) for reserve diversification.
• Recognition in U.S. government reports and increased market prominence.

Global Expansion and Product Diversification (Late 2024-2025)

Ondo launches tokenized equities, forges new partnerships, and secures European regulatory approval, expanding its footprint beyond U.S. borders.

Key Events:

• Launch of Ondo Global Markets—tokenized U.S. stocks and ETFs on Ethereum (Sept 2025).
• Partnership with Chainlink to power data feeds for 100+ tokenized equities.
• Approval from Liechtenstein FMA to offer tokenized stocks and ETFs across Europe.
• Collaboration with Boerse Stuttgart Group’s BX Digital in Switzerland.
• Initiation of plans to offer 24/7 trading and settlement of tokenized assets.

Technological Innovation and Ecosystem Growth (2025-2026)

Ondo deepens its role in the RWA tokenization ecosystem, innovating with cross-chain solutions, stablecoin integration, and institutional-grade fund offerings.

Key Events:

• Investment of $25M in Figure’s YLDS stablecoin to back OUSG fund.
• Participation in State Street and Galaxy’s tokenized private liquidity fund.
• Integration of Chainlink’s CCIP for cross-chain interoperability of tokenized assets.
• Expansion to Solana and BNB Chain for tokenized equities.
• Growth in TVL, with tokenized asset market surpassing $27B.

Regulatory Milestones and Industry Recognition (Late 2025-2026)

Ondo achieves key regulatory wins, including SEC clearance and European approvals, positioning itself as a leader in regulated tokenized asset markets.

Key Events:

• SEC concludes investigations into Ondo’s tokenized equity platform with no charges.
• Major recognition as a regulated provider in both the U.S. and Europe.
• Participation in global discussions on DeFi and RWA tokenization, including Fed conferences.
• ONDO token experiences heightened demand and bullish analyst outlooks.
• Continued innovation and expansion of tokenized products portfolio.

Ondo is a leading tokenization platform offering access to real-world assets (RWAs) such as U.S. Treasuries and tokenized equities, powered by the ONDO token. Its ecosystem is rapidly expanding, supported by strong regulatory and institutional partnerships.

Founding and Regulatory Foundation (2023-2024)

Summary: Ondo built its foundation by acquiring an SEC-registered broker-dealer and emphasizing regulatory compliance, establishing trust and legitimacy in tokenized assets.

• Ondo Finance entered the market with a focus on regulatory compliance, ensuring secure and legal access to tokenized investment products.
• The acquisition of Oasis Pro, a FINRA member and SEC-registered broker-dealer, solidified Ondo's position in the U.S. tokenized securities market. (source)
• The SEC concluded its investigation into Ondo Finance in late 2025 without charges, providing a green light for further growth. (source)

Product Expansion and Strategic Partnerships (2024-2025)

Summary: Ondo rapidly expanded its product suite, launching tokenized U.S. Treasuries, equities, and entering high-profile partnerships with institutions like Fidelity and Chainlink.

• Ondo launched its flagship tokenized U.S. Treasuries fund, OUSG, offering institutional investors 24/7 on-chain exposure to government bonds. (official site)
• The platform invested in Figure's YLDS stablecoin, diversifying its Treasury reserves and enhancing yield generation for users.
• Partnerships with major financial institutions, such as Fidelity (for tokenized money market funds) and Chainlink (for data feeds and interoperability), have broadened Ondo's reach. (source, source)

Global Market Entry and Tokenized Equities (Late 2025-2026)

Summary: Ondo secured European regulatory approval and expanded access to tokenized U.S. stocks and ETFs, driving global adoption of RWAs onchain.

• With approval from the Liechtenstein Financial Market Authority, Ondo can now offer tokenized stocks and ETFs across 30 European countries. (source)
• The launch of Ondo Global Markets enabled non-U.S. investors to access over 100 tokenized U.S. equities, with plans for further expansion. (official page)
• Integration with Solana and BNB Chain is underway, facilitating cross-chain asset transfers and 24/7 trading.

ONDO Tokenomics and Ecosystem Growth (2024-Present)

Summary: The ONDO token powers governance and utility within the Ondo ecosystem, with increasing demand driven by platform adoption and token unlocks.

• ONDO serves as the utility and governance token, enabling voting on protocol upgrades and fee structures, and providing ecosystem incentives. (price page)
• Major token unlocks are scheduled, with over $5.5 billion worth of tokens entering circulation in January 2026, reflecting growing investor interest. (source)
• Bullish sentiment surrounds ONDO, with analysts predicting price appreciation amid expanding institutional adoption and real-world asset tokenization.