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TON, also known as The Open Network, is an innovative, community-driven blockchain that has a lot to offer. TON was initially developed by Telegram to register billions of users and enable blockchain transactions that are fast, affordable, and energy efficient. Its features were designed with everyday users in mind from the beginning. TON operates on a Proof of Stake (PoS) mechanism.
The Open Network is known for its adaptability and scalability, as well as providing easy-to-use applications, super-fast transactions, and very low fees.
The founders of Ondo Finance are two former Goldman Sachs employees. The venture completed a $4 million seed funding round in August 2021, led by Pantera Capital. In April 2022, it completed a $20 million Series A funding round, bringing the total funding received to date to $24 million.
Ondo Finance currently focuses on real world assets (RWA) and has launched funds backing a variety of underlying assets, including US government bonds, bills and money market funds. This provides investors with diversification based on their risk appetite. Ondo Finance charges an annual management fee of 0.15%.
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