Ondo Finance Surpassed $1B TVL – Next Stop: $10B and Beyond

Key Points

• Ondo Finance’s $1 billion TVL surpassed on March 3rd mirrors increasing institutional adoption.
• The project’s next target is $10 billion in a new era called “Wall Street 2.0”.

Ondo Finance announced an important milestone in its crypto journey – the project surpassed $1 billion in TVL on March 3rd.

The project designs institutional-grade platforms, assets, and infrastructure to bring financial markets on-chain.

Ondo Finance Surpassed $1 Billion in TVL

On March 3rd, Ondo Finance revealed the important announcement via X. This new $1 billion TVL milestone is a testament to market-wide appetite for institutional-grade, composable tokenized US Treasuries, according to the team behind the project.

The team also highlighted that this is only the beginning and its next stop is $10 billion and beyond.

They noted that tokenization represents a multi-trillion dollar opportunity and the project is just getting started.

The team behind the project also reflected on the journey that brought them to this peak of success, highlighting what’s next.

The Genesis OUSG

Two years ago, Ondo Finance launched OUSG – an institutional-grade tokenized US Treasuries offering for institutional investors worldwide. The project transformed the way capital allocators manage their cash on-chain.

Notable achievements include the following:

• Investing OUSG’s assets in a Treasuries ETF managed by BlackRock.
• Providing daily transparency reporting into the full holdings and financials of the underlying fund, validated by a 3rd party fund administrator.
• OUSG became the 1st yieldcoin eligible for on-chain repo transactions via Flux Finance, with token holders being able to pledge tokens as collateral to borrow stablecoins.
• The project introduces instant minting and redeeming of OUSG tokens non-stop.
• Ondo Nexus offered the project the ability to become an instant liquidity layer for on-chain asset managers.
• OUSG is now the most diversified tokenized US Treasuries exposure in the markets.

USDY Launch

Ondo Finance launched USDY – the world’s first freely transferable and DeFi-composable yieldcoin to broaden retail access to tokenized US Treasuries, according to the team behind the project.

USDY’s main features include the following:

• It allows users to tap into the full potential of tokenized assets while keeping institutional-grade standards.
• Holders can use USDY for payments and in DeFi apps, including as collateral.
• USDY became the default choice to access US Treasuries yield globally outside of the US.

Institutional Partnerships

Ondo Finance highlighted the important role of institutions in on-chain finance’s growth.

Institutional collaboration brings the following advantages:

• Leveraging expertise
• Developing products, processes, and solutions for a better financial infrastructure

Ondo Finance’s institutional network boosting RWA ecosystem includes names like PayPal, BlackRock, Mastercard, WisdomTree, GoogleCloud, McKinsey, Aon Plc, ABNAMRO, Fundbridge Capital, and FTDA US.

Expanding DeFi Ecosystem

Ondo Finance also said that dApps are key to interoperable and inclusive finance. So far, the project is live on 8 blockchains integrated with more than 80 dApps across:

• Ethereum
• Solana
• Aptos
• 0xMantle
• Sui
• Arbitrum
• 0xPolygon
• Cosmos

Ondo Finance also announced that Ripple, Stellar, and Plume Network are coming soon.

Building RWAs

The project revealed that it’s committed to building “the leading ecosystem” in tokenized RWAs as it believes true value lies in utility across blockchains.

Ondo Finance built RWAs used for:

• Savings
• Payments
• Derivatives Trading
• DeFi

A New Era – Wall Street 2.0

The project’s team concluded its thread by saying that it remains focused on developing the following:

• Assets
• Infrastructure
• Technology

All these will be used to bring US financial markets on-chain – Ondo Finance called this new era “Wall Street 2.0”.