Imagine a coin doing 3.5x Against Ethereum since Launch. Partnarship with largest Asset manager and top of it leading the sector in just span of 6 months and most of the people just missed the opportunity, well it's been a Dream come true story For Ondo Finance : The RWA leader. 

Real World Assets has been one of the most intriguing trend in 2024. According to DeFiLlama, the RWA TVL is worth over $6 billion. Here, the Ethereum-based RWA single-handedly constitutes over $5 billion, and other blockchains like Tron, BSC, and Solana are also witnessing projects to tokenize RWA assets.

TL;DR 

• Ondo Finance aims to make high-quality financial products available to everyone through blockchain technology.

• Their product, USDY, is a tokenized security backed by US treasuries and yields 5.3% APY.

• Another product, OUSG, is a token collateralized by BlackRock's BUIDL token and yields 4.86% APY.

• Ondo plans to launch Ondo Global Markets (Ondo GM) to tokenize stocks and allow them to be used in DeFi.

🔆 How ONDO Succeed 

Ondo Finance represents a pioneering venture in the realm of cryptocurrency and decentralized finance. At its core, Ondo is dedicated to democratizing access to institutional-grade financial products and services through the innovative use of blockchain technology. 

The BlackRock USD Institutional Digital Liquidity Fund, represented by the BUIDL token on the Ethereum (ETH) network and backed by U.S. Treasury bills, repo agreements and cash, now boasts Almost $500 Million. And that's where ONDO Succeed. 

🔼 Ondo Products 

Since launch ondo core products have done phenomenal growth. They are the first RWA project that got mainstream exposure thanks to partnarship with BlackRock. 

1. USDY, a tokenized security collateralized by short-term US treasuries, has grown to a market cap of ~$331M and yields 5.3% APY.

   

2. OUSG, a token collateralized by BlackRock's BUIDL token, has grown to a market cap of ~$222M and yields 4.86% APY. 

💡 How does Ondo Finance work?

🔹 USDY: U.S. Dollar Yield

U.S. Dollar Yield (USDY) is a token backed by short-term U.S. treasuries and bank demand deposits. Usually, these assets are only available to traders in the U.S.. However, through USDT, almost any trader and institution worldwide can gain exposure to them. Better still, USDY generates a safer stablecoin yield, which is currently at 5.2%.

USDY has a strict KYC process users must complete. Users must also confirm the wallet addresses they intend to purchase USDY with, and only use approved addresses.

Here’s how you can purchase USDY:

1. After you’re verified, you can deposit your funds to Ondo Finance. You can fund your account using USDT and USDC, or through a USD bank wire transfer if the value is more than $100K.

2. You’re assigned a date when the tokens can be issued. It usually takes about 40 to 50 days for the tokens to be issued.

3. Meanwhile, token certificates are issued as soon as the funds are deposited. These aren't tokens, and they can’t be traded. However, the token certificates allow you to start gaining interest while you wait for your tokens to arrive.

4. The final step is token minting and claiming. You’ll receive the USDY tokens in your designated wallet.

5. Once you have the tokens in your wallet, you can use them however you want. They can be sold, transferred, or used to take out loans for other DeFi activities, all while your USDY accumulates interest.

🔸 OUSG: U.S. treasuries

OUSG incorporates Blackrock’s new tokenized fund, BUIDL — a tokenized fund on the Ethereum blockchain. BUIDL invests 100% of its assets into cash, U.S. treasuries, and repurchase agreements. Ondo moved the entire total value locked (TVL) funds of OUSG into BUIDL, bringing key advantages to users. 

Trading OUSG has strict KYC checks and you must be a U.S.-accredited investor to access the product. The common criteria is a net worth of over $5 million, or $25 million in assets. It’s important to note that this is a restriction placed by regulators in the U.S. for anyone wanting to trade such assets.

⚡ Future Plans 

Ondo plans to launch Ondo Global Markets, aka Ondo GM. This product would tokenize stocks such as TSLA and allow the respective tokens, such as tTSLA, to be used onchain. It will be wise for ONDO tokenholders to track if Ondo’s core products continue to attract additional TVL, and any news pertaining to the Ondo GM launch that could spur the next wave of growth for Ondo.

🔼 Data Credit

> Rwa.xyz

> Ondo Blog

> Dune Analytics

> Blockworks

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ONDO is one of the rare projects having both institute and retail support. The real world value of the project rapidly increasing and tokenization also growing day by day. 

🔸🔹🔸🔹🔸🔹🔸🔹🔸🔹🔸🔹🔸🔹🔸🔹

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#Binance #rwa #ONDO‬⁩