Ondo Finance announced a significant milestone in its crypto journey, surpassing $1 billion in TVL on March 3rd. The project aims for $10 billion in a new 'Wall Street 2.0' era.
Ondo Finance Surpassed $1 Billion in TVL
On March 3rd, Ondo Finance revealed in a Twitter post the achievement of surpassing $1 billion in Total Value Locked (TVL), highlighting the market appetite for institutional-grade tokenized US Treasuries. The project team stated that this is only the beginning with aims set on $10 billion and beyond, seeing tokenization as a multi-trillion-dollar opportunity.
The Genesis of OUSG and USDY
Ondo Finance introduced two pivotal tokenized offerings: OUSG and USDY. OUSG provides institutional investors with novel on-chain management solutions via tokenized US Treasuries. The team also launched USDY, the world’s first freely transferable and DeFi-composable yieldcoin, allowing retail investors to participate in US Treasuries yields.
Institutional Partnerships and Expanding DeFi Ecosystem
Ondo Finance emphasizes the role of institutional partnerships, highlighting their network includes such names as PayPal, BlackRock, and Google Cloud. The project also expands its presence across eight blockchains and more than 80 decentralized apps, stressing the importance of decentralized finance for future open financial systems.
Ondo Finance is paving the way for a new 'Wall Street 2.0' era by developing its network of tokenized assets and financial infrastructure to integrate US markets on-chain.
