# Ondo

> Institutional-grade finance, now onchain

Ondo brings traditional financial assets onchain. It issues tokenized US Treasuries and tokenized US stocks and ETFs, giving institutions and individuals blockchain-based access to yield and equity markets.

Ondo builds platforms, assets, and infrastructure to bring traditional financial markets onchain. Its offerings span tokenized US Treasuries and tokenized public equities, giving both institutions and individuals blockchain-based exposure to yield-bearing instruments and stock markets that were previously accessible only through traditional intermediaries.

The company addresses the limited accessibility and settlement speed of conventional financial markets by issuing tokens that track underlying assets held with regulated custodians and broker-dealers, with reserves subject to independent verification. Ondo Stocks issues tokens denoted with an on suffix that mirror shares of individual companies, indexes, and exchange-traded funds, supporting instant, around-the-clock minting and redemption for eligible non-US investors. A companion Layer 1 network is also in development to serve as dedicated settlement infrastructure for tokenized real-world assets.

Core products include USDY, a yield-bearing token backed by short-term US Treasuries and bank deposits, OUSG for qualified purchasers seeking Treasury exposure, and Ondo Stocks for equity and ETF exposure across a range of sectors. The company also runs an investment initiative that funds protocols and infrastructure extending tokenized asset utility. Ondo's products are used by institutional investors, asset managers, and individual users across multiple blockchain networks and integrated wallets and exchanges.

- Type: Company
- Sector: Finance
- Status: Active
- Founded: 2021-01-01
- Profile: https://thegrid.id/profiles/Ondo

## Products

- [Ondo Stocks](https://thegrid.id/profiles/Ondo): Ondo Stocks (formerly Ondo Global Markets) is a tokenization platform that brings exposure to traditional public securities onchain for non-U.S. retail and institutional users. Tokens representing stocks and ETFs are backed by underlying shares and cash held with U.S. broker-dealers, with an independent verification agent and security agent overseeing collateral and holder protections. Users can instantly mint and redeem tokens around the clock, and the tokens remain freely transferable and usable in DeFi applications across multiple blockchains. (RWA Tokenisation Platform, Live, Main Product)
- [Ondo Nexus](https://thegrid.id/profiles/Ondo): Ondo Nexus is a shared liquidity layer that enables instant, 24/7 minting and redemption for tokenized U.S. Treasuries and related yield-bearing assets. It coordinates conversion operations across issuers, unifying multiple tokenized fund structures into a single settlement infrastructure. Custodians, brokers, and other institutions use it to route mint and redemption flows across several blockchains without waiting for traditional market hours. (RWA Tokenisation Platform, Live)
- [Ondo Network](https://thegrid.id/profiles/Ondo): Ondo Network is a verifiable execution layer for onchain financial applications. Application logic and order matching run inside hardware enclaves for speed and privacy, a decentralized network of attestors verifies that only approved code executes, and resulting asset transfers settle on a public blockchain. It currently powers a perpetual futures trading platform, providing execution speed comparable to a centralized exchange while remaining non-custodial. (Developer Tooling, In Development)
- [Ondo Bridge](https://thegrid.id/profiles/Ondo): Ondo Bridge is a cross-chain bridge enabling native transfers of Ondo's yield-bearing tokens across multiple blockchains. It is built on a cross-chain messaging protocol and uses multiple independent verifier networks to confirm transfers, alongside configurable rate limiting and emergency pause controls. Holders use it to move tokens such as USDY between supported networks without wrapping or intermediary custody. (Bridge, Live)
- [Ondo Catalyst](https://thegrid.id/profiles/Ondo): Ondo Catalyst is a venture initiative that makes strategic investments in projects extending the Ondo ecosystem and broader tokenization of capital markets. It backs protocols, platforms, and infrastructure providers working on custody, compliance, identity, and data interoperability for tokenized assets. Applicants submit proposals through a dedicated application process for consideration. (Venture Fund, Live)
- [Ondo Perps](https://thegrid.id/profiles/Ondo): Ondo Perps is a decentralized derivative exchange offering perpetual futures on tokenized U.S. equities, ETFs, and commodities. Order matching runs inside a hardware enclave verified by a decentralized attestor network, with trade settlement recorded on-chain, letting users open leveraged long or short positions up to 20x. Users post stablecoins or tokenized equity holdings as collateral, enabling continuous trading and hedging of spot positions without giving up custody of their assets. (Decentralized Derivative Exchange, Live)

## Assets

- [Ondo US Dollar Yield Token (USDY)](https://thegrid.id/profiles/Ondo): USDY is a tokenized note issued by Ondo Finance for non-US investors, backed by short-term US Treasuries and bank demand deposits. It accrues daily yield reflected in a rising redemption value and can be freely transferred and used across DeFi. Unlike typical stablecoins, USDY passes most of its backing yield directly to holders rather than an issuer. (Stablecoin)
- [Ondo Short-Term US Government Treasuries (OUSG)](https://thegrid.id/profiles/Ondo): OUSG is a tokenized fund issued by Ondo Finance giving qualified purchasers exposure to short-term US Treasury securities. It supports instant 24/7 minting and redemption through USDC and is deployed across multiple blockchains as collateral for lending and cash management. Its portfolio holds BlackRock's BUIDL fund alongside other Treasury vehicles, letting investors access government bond yields without a traditional brokerage account. (Security)

## Links

- [Main](https://ondo.finance)
- [Blog](https://ondo.finance/insights)
- [Documentation](https://docs.ondo.finance)
- [Privacy policy](https://docs.ondo.finance/legal/privacy-policy)
- [Terms of Service](https://docs.ondo.finance/legal/terms-of-service)
- [Media Kit/branding](https://ondo-finance.notion.site/Ondo-Media-Kit-3bc0a5aced014cc4b0ef62f1638bbf8e)
- [GitHub](https://github.com/ondoprotocol)
- [Telegram](https://t.me/ondofinance)
- [LinkedIn](https://www.linkedin.com/company/ondo-finance)
- [Twitter / X](https://x.com/OndoPerps)
- [Telegram](https://t.me/official_ondo_perps)

## Relationships

- [Ondo Foundation](https://thegrid.id/profiles/ondo_foundation): Subsidiary

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