What is OndoFinance (ONDO)

1. Project Introduction
It is an RWA project that provides infrastructure for the tokenization of securities and the development of protocols supporting these assets (e.g., Flux Finance).It collaborates with leading financial institutions such as BlackRock and Morgan Stanley to issue security tokens. The project partners with other L1/L2 chains and protocols to expand RWA use cases, including Mantle and Polygon.
Summary: Ondo Finance is a leader in the current Real-World Asset (RWA) tokenization market. Its products, such as USDY and OUSG, bring institutional financial products on-chain, benefiting a broader user base.
2. Team & Investment Info
The founders previously worked in Goldman Sachs' digital assets team, specifically in securities tokenization. They led the issuance of the first rated bond tokenized on a public blockchain by the European Investment Bank. Most team members have extensive institutional finance backgrounds from major firms like Bridgewater Associates and Polyera, while their technical expertise comes from companies like Boson Protocol and Salesforce.
Funding:
In 2021, they raised approximately $20 million in a seed round, led by Pantera Capital, with participation from The LAO, Divergence Ventures, CMS Holding, CoinFund, Genesis, and DCG.
In 2022, they raised $4 million in Series A funding, led by Founders Fund and Pantera, with participation from GoldenTree, Coinbase, Tiger Global, Wintermute, Flow Traders, and Steel Perlot.
In 2022, they raised a total of $10 million through CoinList, with valuations of $300 million and $550 million, involving around 18,000 investors.
3. Social Media URLs
X: https://x.com/ondofoundation
Telegram: https://t.me/ondocommunity
Discord: https://discord.com/invite/YzhZaFbB92
4. Token Info
Token Symbol: ONDO
Total Supply: 10,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0xfAbA6f8e4a5E8Ab82F62fe7C39859FA577269BE3
Token Distribution:
Ecosystem: 52.1%, 24% unlocked at TGE, 60 months linear unlock
Protocol Development: 33%, 0% unlocked at TGE, 12 months lockup, 36 months linear unlock
Private Round: 12.9%, 0% unlocked at TGE, 12 months lockup, 36 months linear unlock
Airdrop: 2%, 90% unlocked at TGE, 12 months linear unlock
5. Related Links
Official Website: https://ondo.foundation/
White Paper: https://docs.ondo.foundation/
Other Info:
https://blog.ondo.foundation/
https://forum.fluxfinance.com/