- Ondo Finance has surpassed $1 billion in Total Value Locked (TVL), solidifying its position as the leading platform for tokenized US Treasuries through products like OUSG and USDY, which enhance liquidity and accessibility in onchain finance.
- With integrations across major blockchain networks and partnerships with institutions like BlackRock and PayPal, Ondo continues to drive the adoption of real-world assets in decentralized finance.
Ondo Finance has officially crossed a significant threshold, surpassing $1 billion in Total Value Locked (TVL). This achievement highlights the growing acceptance of institutional-grade, composable tokenized US Treasuries and marks a major milestone in the evolution of onchain finance.
The Genesis of Ondo Finance: OUSG
Two years ago, Ondo Finance introduced OUSG, an institutional-grade tokenized US Treasuries offering aimed at revolutionizing cash management for capital allocators. At its inception, OUSG was backed by a BlackRock-managed Treasuries ETF, ensuring daily transparency through a third-party administrator.
OUSG quickly established itself as a cornerstone of onchain finance by pioneering:
- The first yieldcoin eligible for onchain repo transactions via Flux Finance, allowing OUSG holders to pledge tokens as collateral for stablecoin borrowing.
- 24/7 instant minting and redemption of OUSG tokens for improved liquidity and accessibility.
- Ondo Nexus, positioning OUSG as the leading liquidity layer for onchain asset managers.
With diversification at its core, OUSG has expanded its reserve assets to include those from Franklin Templeton, Wellington Management, WisdomTree, and Fundbridge Capital, cementing its status as the most diversified tokenized US Treasuries product available.
Broadening Access with USDY
Recognizing the need for greater accessibility, Ondo Finance introduced USDY six months after launching OUSG. USDY, the world’s first freely transferable and DeFi-composable yieldcoin, extends access to tokenized US Treasuries beyond institutional investors, reaching non-US retail users.
USDY maintains institutional-grade standards while enabling holders to use it for payments, collateral, and DeFi applications. Its deep integration across various financial ecosystems has made it the preferred choice for global investors seeking access to US Treasuries yield.
Expanding Adoption & Integration
Traditional financial institutions are playing a key role in accelerating the adoption of onchain finance. Ondo Finance has built a strong institutional network, collaborating with major players like BlackRock, PayPal, Mastercard, Google Cloud, Franklin Templeton, and McKinsey, among others, to enhance the Real World Assets (RWA) ecosystem.
Ondo’s products are now integrated with over 80 DeFi applications across eight blockchain networks, including Ethereum, Solana, Stellar, Ripple, Aptos, Mantle, Sui Network, Arbitrum, Polygon, and Cosmos. This cross-chain integration ensures that RWAs can be leveraged across different financial activities, such as:
- Savings (e.g., Arbitrum DAO)
- Payments (e.g., SpherePay, Helio Pay)
- Derivatives Trading (e.g., Drift Protocol)
- DeFi Applications (e.g., Orca, Dolomite, NAVI Protocol)
The Future of Onchain Finance
With over 80% market share by number of holders, Ondo Finance has established itself as the leading platform for tokenized US Treasuries. However, reaching $1 billion in TVL is just the beginning.
Looking ahead, Ondo Finance remains committed to building the infrastructure and technology required to bring global capital markets onchain. Initiatives like Ondo Chain exemplify this vision, aiming to further bridge traditional finance with blockchain innovation.
Ondo Finance’s journey is a testament to the growing demand for tokenized assets and the transformative potential of blockchain in modern finance. As adoption continues to expand, Ondo is poised to lead the next phase of the financial revolution—Wall Street 2.0.
