# Ondo Finance

> Ondo Finance is a U.S.-based blockchain company that brings traditional financial assets - U.S. Treasuries, money-market funds, stocks and ETFs - on-chain as tradable, yield-bearing tokens. Through products like OUSG (tokenized short-term Treasuries), USDY (a yield-bearing dollar token) and Ondo Global Markets (tokenized U.S. equities), it aims to make institutional-grade financial products accessible to anyone, anywhere, around the clock. The company is also building Ondo Chain, a blockchain purpose-built for regulated real-world assets.

- **Founded:** 2021
- **Headquarters:** New York, United States
- **Founders:** Nathan Allman (Founder & former CEO (former Goldman Sachs Digital Assets)), Pinku Surana (Co-founder & former CTO (PhD Northwestern; ex-Goldman Sachs, ex-Facebook))
- **Team size:** ~70 employees
- **Products:** OUSG (Ondo Short-Term US Government Treasuries), USDY (US Dollar Yield Token), Ondo Global Markets, Ondo Chain, Flux Finance / lending
- **Notable:** Built one of the largest tokenized U.S. Treasury platforms, with $2.75B+ in TVL by early 2026., SEC closed its two-year investigation in late November 2025 without recommending charges., Acquired Oasis Pro (late 2025) to secure SEC licenses for institutional products.

## Products & services

- **OUSG (Ondo Short-Term US Government Treasuries)** — A tokenized fund giving institutional investors exposure to short-term U.S. Treasuries with instant minting and redemption. Largely backed by BlackRock's BUIDL fund.
- **USDY (US Dollar Yield Token)** — A freely transferable, yield-bearing token backed by short-term Treasuries and bank deposits, aimed at retail and non-U.S. institutional users who want dollar exposure plus yield.
- **Ondo Global Markets** — A platform for tokenized U.S. stocks and ETFs, enabling on-chain access to public equities.
- **Ondo Chain** — A blockchain purpose-built for regulated real-world assets, combining permissioned validation with public accessibility. Mainnet expected early-to-mid 2026.
- **Flux Finance / lending** — DeFi lending infrastructure historically associated with Ondo's ecosystem, supporting collateralized borrowing against tokenized assets.

## Achievements

- Built one of the largest tokenized U.S. Treasury platforms, with $2.75B+ in TVL by early 2026.
- SEC closed its two-year investigation in late November 2025 without recommending charges.
- Acquired Oasis Pro (late 2025) to secure SEC licenses for institutional products.
- First tokenized real-world asset provider on Mastercard's Multi-Token Network.
- Completed a delivery-versus-payment test for tokenized Treasuries with J.P. Morgan and Chainlink.
- First to bring tokenized Franklin Templeton-managed ETFs on-chain (March 2026).

## Latest updates

- **2026-05** — Ondo, Kinexys (J.P. Morgan), Mastercard and Ripple completed the first cross-border settlement of tokenized U.S. Treasuries.
- **2026-05** — Founder Nathan Allman died unexpectedly at 32; Ian De Bode named CEO, committing to the public regulatory roadmap.
- **2026-03** — Ondo and Franklin Templeton began tokenizing 5 ETFs - the first FT-managed ETFs on-chain.
- **2025-11** — SEC closed its two-year investigation into Ondo without recommending charges; Oasis Pro acquisition secured institutional SEC licenses.
- **2025-05** — Ondo Chain moved to testnet activity with an institutional delivery-versus-payment proof-of-concept involving J.P. Morgan and Chainlink.
- **2025-02** — Announced Ondo Chain, a blockchain purpose-built for regulated real-world assets.

## Links

- Website: https://ondo.finance
- LinkedIn: https://www.linkedin.com/company/ondo-finance
- Twitter/X: https://twitter.com/OndoFinance
- GitHub: https://github.com/ondoprotocol

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Profile page: https://yespress.io/ondo-finance
Published by YesPress — https://yespress.io
Last updated: 2026-06-13