The Ondo Finance platform aims to tokenize real-world assets, providing new investors with access to financial products previously available only to large institutions.
How Ondo Works?
Ondo enables investors to use traditional assets like U.S. treasuries by creating tokenized versions on the blockchain. Investors use stablecoins to receive tokens that represent their share of asset portfolios and yield from those assets.
**USDY (U.S. Dollar Yield Token)** USDY is backed by short-term U.S. treasuries and bank deposits, functioning like a stablecoin with yields from underlying assets.
**OUSG (Ondo Short-Term U.S. Treasuries)** OUSG provides institutional investors tokenized access to short-term U.S. treasuries.
Ondo Ecosystem
Ondo plans to introduce Ondo Global Markets, a platform for tokenizing traditional investments.
**Ondo Chain** This blockchain network will allow tokenized assets to be used in lending operations and will provide the infrastructure for secure functioning of assets at scale.
ONDO Token and Its Functions
The ONDO token serves governance functions within the ecosystem. Holders can participate in decision-making and voting, promoting democracy in managing the platform. It is used for managing finances and expanding Ondo products.
Ondo Finance aims to integrate real-world assets into the world of cryptocurrencies through tokenization, offering innovations that could expand investors' access to yield-generating instruments.
