What is Ondo (ONDO)?
RANK #44A protocol bringing tokenised real-world assets like US treasuries on-chain.
Ondo market stats
Ondo at a glance
- Ticker
- ONDO
- Launched
- 2024 (token)
- Category
- Real-world assets (RWA)
- Focus
- Tokenised treasuries & funds
- Use
- Governance
- Theme
- Institutional DeFi
Categories: Decentralized Finance (DeFi) · Ethereum Ecosystem · Real World Assets (RWA) · Coinbase Ventures Portfolio · Pantera Capital Portfolio · GMCI DeFi Index
How Ondo works
Ondo Finance (ONDO) is a leading project in the tokenisation of real-world assets (RWA), bringing instruments such as US Treasury funds on-chain so they can be held and used in DeFi. It targets the bridge between traditional finance and crypto.
ONDO is the governance token of the ecosystem. The broader RWA theme — putting bonds, credit and funds on blockchains — is one of crypto’s fastest-growing narratives.
Ondo creates tokenised versions of real-world financial products — for example, tokens backed by short-term US government securities — so on-chain users can access that yield with the convenience of crypto rails.
These products combine on-chain tokens with off-chain custody, issuance and legal structure. ONDO holders govern the protocol.
What moves the Ondo price?
- Growth of tokenised real-world assets.
- Institutional adoption and partnerships.
- The regulatory environment for tokenised securities.
- The broader market cycle.
What ONDO is used for
- Governance over the Ondo protocol and treasury.
- Participation in the RWA ecosystem.
- Coordinating the project’s direction.
Ondo FAQ
What is Ondo Finance?
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Ondo Finance tokenises real-world assets such as US Treasury funds, bringing their yield on-chain for DeFi users. ONDO is its governance token.
What are real-world assets (RWA)?
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RWAs are traditional financial instruments — like treasuries, credit or funds — represented as tokens on a blockchain, combining on-chain settlement with off-chain backing.
What is ONDO used for?
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ONDO is used for governance over the Ondo protocol and participation in its real-world-asset ecosystem.
How do I buy Ondo (ONDO)?
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ONDO is available on most major exchanges and compatible wallets. See our ratings for vetted options.
This page is information, not financial advice. Prices come from CoinGecko; the text is written and checked by our desk. See our editorial policy.