Can Ondo grow 100 times?

Ondo is a DeFi protocol based on Ethereum, and its goal is to transform traditional liquidity services into tokenized real-world assets. Simply put, Ondo wants to connect crypto assets and the real economy through innovative financial products.

Its main product is bond RWA, which emphasizes compliance and requires investors to conduct KYC with a threshold of 1 million US dollars and requires the submission of tax forms.

Currently, Ondo has launched Binance Contracts and launched four products: US Money Fund OMMF, BlackRock Short-Term US Treasury ETF OUSG, Tokenized Note USDY, and Flux Finance that supports tokenized securities collateral.

What are Ondo's advantages?

1. Innovator in the RWA field: Ondo claims to have achieved many "firsts". For example, USDY is the first tokenized US Treasury bond, and OUSG is the first tokenized Treasury bond ETF (SHV issued by BlackRock).

2. Huge future narrative: Ondo can not only tokenize Treasury bond ETFs, but also other ETFs, and may even tokenize individual US stocks, which gives it a lot of room for imagination.

3. Compliance route: Ondo is registered in the United States and takes a compliance route, similar to Circle, the issuer of USDC, so there is no need to worry about running away and returning to zero.

4. Already listed on many exchanges: Currently, Ondo has been listed on Coinbase and Huobi, and Binance has also listed contracts.

5. Strong technical and financial strength: Ondo Finance was founded by a former Goldman Sachs trader. With the support of top institutions such as Pantera Capital and A16z, the cumulative financing amount has exceeded US$50 million. Investors include CoinFund, Hashed, and Samsung Next

Ondo's track is RWA, and its market value is not large for the time being, so it has a strong imagination space in terms of narrative. Coupled with its compliance and technical strength, it will have the opportunity to attract a large amount of institutional funds in the future. If you are optimistic about the RWA track, Ondo is indeed worthy of attention. Whether it can increase a hundredfold in the future depends on whether it can take the leading position in the entire RWA field.