Ondo Finance is a regulated DeFi platform bridging TradFi and blockchain, specializing in tokenizing real-world assets such as U.S. Treasuries, ETFs, bonds, and publicly traded securities. Through products like USDY (yield-bearing stablecoin), OUSG (ETFs backed by short-term U.S. Treasuries), and Flux Finance (lending protocol backed by RWAs), Ondo provides institutional-grade access to low-risk, collateralizable assets on-chain while maintaining legal compliance and transparency.
The ONDO token underpins the ecosystem's governance and incentives. Holders participate in the Ondo DAO and influence decisions across Flux Finance and related protocols. While token utility has sparked debate—particularly regarding its role beyond governance—ONDO remains central to aligning ecosystem stakeholders and supporting future infrastructure, including fee payments and governance on the newly launched Ondo Chain L1 built for institutional asset markets.