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Ondo Finance

ondo.finance →·304 stories in our coverage

Institutional-grade tokenized treasuries, stocks and ETFs (USDY, OUSG).

Ondo Finance in the news

Stocks

What Is SKHYON? Ondo Tokenized SK hynix ADS Explained

SKHYON is a tokenized product issued by Ondo Finance that provides economic exposure to the Nasdaq-listed American Depositary Shares (ADS) of the South Korean semiconductor giant SK hynix. Launched on the MEXC exchange on July 13, 2026, the token is designed as a total-return tracker, reflecting both price movements and reinvested dividends of the underlying SKHY security. Unlike direct stock ownership, SKHYON holders do not possess legal rights to the underlying ADSs or the Korean common shares, as the product is structurally backed by securities held through U.S. broker-dealers. The tokenization process involves a complex relationship between the KRX-listed common shares, the Citibank-managed ADS program, and Ondo’s onchain issuance platform. Because SKHYON trades against USDT on MEXC, its price can deviate from the Nasdaq-listed SKHY due to differences in market liquidity, trading hours, and currency fluctuations. This product highlights the growing trend of bridging traditional equity markets with blockchain infrastructure to provide global investors with exposure to AI-linked assets. However, the structure introduces unique risks, including reliance on Ondo’s custody arrangements, smart-contract security, and the operational stability of the MEXC exchange. Investors must navigate jurisdictional restrictions, as the product is not available to U.S. persons and requires careful monitoring of the shares-per-token ratio.

#RWA#Ondo#TokenizedStocks

mexc.coAdded: Aug 7, 20267.5

Stocks

Why Does SNDKON Track SNDK? Tokenized Stock Price Differences Explained

SNDKON is a tokenized stock product issued by Ondo that tracks the economic performance of Sandisk Corporation (SNDK) common stock. While SNDK trades on the Nasdaq, SNDKON is available for trading against USDT on the MEXC exchange. The two assets are economically linked but operate on different infrastructures, leading to potential price discrepancies caused by varying liquidity, trading hours, and USDT volatility. Ondo utilizes a backing structure involving U.S.-registered broker-dealers to maintain the connection between the token and the underlying security. However, SNDKON holders do not possess direct shareholder rights, and the product is designed as a total-return tracker that reinvests distributions rather than paying cash dividends. Market participants should note that arbitrage mechanisms do not guarantee immediate price convergence, especially during periods of high volatility or corporate actions. Understanding these structural differences is critical for investors, as SNDKON is subject to unique risks including blockchain, custody, and exchange-specific liquidity constraints. Ultimately, the product serves to bridge traditional equity market exposure with blockchain-based financial infrastructure.

#RWA#Ondo#TokenizedStocks

mexc.coAdded: Aug 7, 20267.5

Credit (Private Credit)

Power struggle erupts at Ondo Finance after founder’s death

A corporate governance dispute has emerged at Ondo Finance following the death of founder Nathan Allman, who served as the company's sole director and controlling shareholder. The estate, represented by Kathleen Allman, filed a lawsuit in the Delaware Chancery Court alleging that CEO Ian De Bode attempted to improperly seize control of the firm while voting rights were held in probate. According to the complaint, De Bode allegedly bypassed bylaws to appoint himself as the sole director and authorize corporate actions before the estate could exercise its voting power. Kathleen Allman, after being appointed personal representative, attempted to stabilize the company by appointing new directors and removing De Bode from his positions on July 24. De Bode has publicly contested these claims, labeling them meritless and asserting that the current leadership team maintains the support of key stakeholders and the Ondo Foundation. The legal battle highlights the critical importance of succession planning and governance structures for RWA issuers, as leadership uncertainty threatens to disrupt operations and contractual obligations. This conflict underscores the risks inherent in centralized control within the tokenized asset sector, where clear legal frameworks are essential for maintaining investor confidence. The court has yet to rule on the validity of the competing claims regarding the company's leadership.

#Ondo Finance#RWA#Tokenization

CoinDeskAdded: Aug 6, 20266.5

Commodities

Ondo Perps unlocks tokenized gold and silver for perpetual trading

Ondo Finance has expanded its Ondo Perps platform to include tokenized gold and silver, enabling users to trade these precious metals via perpetual contracts. This integration leverages the OUSG token, which represents ownership in BlackRock's Short-Term Treasury ETF, as collateral for trading these commodities. By bridging traditional financial assets with decentralized finance, Ondo aims to provide 24/7 liquidity and increased capital efficiency for investors. The platform utilizes the Mantle blockchain to facilitate these transactions, ensuring high-speed execution and lower costs compared to traditional brokerage environments. This development marks a significant step in the evolution of RWA tokenization, as it allows users to maintain exposure to yield-bearing assets while simultaneously accessing commodity markets. The move reflects a broader industry trend of creating sophisticated financial instruments that combine stable, real-world collateral with the flexibility of perpetual trading. As more institutional-grade assets are brought on-chain, the utility of tokenized treasuries as a foundational layer for decentralized derivatives continues to grow.

#Ondo Finance#RWA#Perpetuals

thestreet.comAdded: Aug 6, 20267.5

Stocks

Asset Tokenization of ETFs: Easy Way to Invest in S&P 500 and Nasdaq Starting at Rp11 Thousand

Tokenized ETFs are transforming access to global markets like the S&P 500 and Nasdaq by allowing investors to trade representations of these assets directly via blockchain wallets. By bypassing traditional foreign brokerage requirements and high minimum deposits, platforms like Pintu enable fractional ownership with entry points as low as Rp 11,000. The sector has experienced significant growth, reaching a market capitalization of US$150 million by June 2026, representing a 400 percent increase since September 2025. Key technical advantages include 24/7 trading availability and atomic settlement, which eliminates the traditional T+2 settlement delay and associated default risks. Major players such as Ondo Finance and Backed have facilitated billions in transaction volume, while institutional products like BlackRock’s BUIDL fund have surpassed US$4 billion in assets under management. Despite these benefits, the market faces risks including reliance on smart contract security, fragmented liquidity across chains, and the fact that many tokens represent contractual claims rather than direct asset ownership. This shift signifies a broader move toward democratized, high-frequency financial access, though regulatory frameworks in regions like Indonesia remain in a state of evolution.

#Ondo Finance#BlackRock#AtomicSettlement

voi.idAdded: Aug 6, 20267.5

U.S. Treasuries

Tokenized Treasuries Guide 2026: Earning Wall Street Yield On-Chain

The tokenized Treasury market has reached a significant milestone, with total value surpassing $15.86 billion as part of a broader $34.67 billion Real World Asset (RWA) sector in 2026. Traditional financial giants like BlackRock and Franklin Templeton have successfully migrated sovereign debt onto blockchain networks, allowing investors to earn government-backed yields directly through digital wallets. BlackRock’s BUIDL fund, managed via Securitize, currently holds approximately $2.4 billion in assets across eight blockchains, setting a benchmark for institutional participation. For retail investors, platforms like Ondo Finance provide accessible alternatives through wrapper tokens such as USDY, which can be traded on decentralized exchanges like Uniswap and Jupiter. This shift enables global users, particularly those in emerging markets, to bypass traditional banking barriers and hedge against local currency depreciation using U.S. Treasury-backed assets. By utilizing smart contracts, these tokens provide 24/7 liquidity and automated yield distribution, effectively turning blockchain wallets into efficient savings accounts. The integration of these assets into the DeFi ecosystem represents a fundamental dissolution of the historical divide between traditional sovereign debt and decentralized finance.

#Ondo Finance#RWA#BUIDL

streamlinefeed.co.keAdded: Aug 6, 20268.0

U.S. Treasuries

Tokenized ETF Market Growth: Ondo Leads Onchain Expansion

The tokenized ETF market has experienced significant growth over the past year, with investors increasingly moving capital into regulated, asset-backed tokens on public blockchains. Ondo Finance has emerged as the clear market leader, recording $338.6 million in new market capitalization over the last 12 months. This expansion is supported by the platform's ability to provide non-U.S. investors with access to short-term Treasuries and money market returns across Ethereum, BNB Chain, and Solana. Binance bStocks and xStocks followed in the rankings, contributing $101.8 million and $85.9 million in net additions, respectively. These platforms facilitate access to traditional market instruments like stock trackers and index baskets through decentralized protocols. The concentration of liquidity around these issuers highlights a broader trend of traditional finance integrating with onchain infrastructure. As cross-chain rails mature, the sustained inflows into these tokenized funds demonstrate a practical shift toward using blockchain for holding liquidity and managing real-world assets.

#Ethereum#Solana#Ondo Finance

coingabbar.comAdded: Aug 5, 20267.5

U.S. Treasuries

Ondo Finance hires former Blockchain.com CFO Adam Schlisman

Ondo Finance has appointed Adam Schlisman, formerly of Blockchain.com and Monashee Investment Management, as its new Chief Financial Officer to oversee the firm's expanding financial operations. This strategic hire follows a period of significant growth for the platform, which now manages over $3.5 billion in assets across its tokenized U.S. Treasuries and stock products. Schlisman’s arrival coincides with Ondo’s transition from early-stage adoption toward institutional-scale operations, highlighted by its Ondo Stocks product recently surpassing $1 billion in total value locked. The company, founded by former Goldman Sachs executives, currently operates across the Solana, Ethereum, and BNB Chain networks. By integrating with major infrastructure providers like the DTCC and various global custodians, Ondo aims to solidify its position in the rapidly evolving onchain capital markets. This leadership expansion reflects a broader industry trend where traditional financial expertise is being integrated into crypto-native firms to support the migration of traditional assets onto blockchain rails. The move also follows reports that the firm is evaluating potential acquisitions valued between $250 million and $500 million to further scale its infrastructure.

#Ondo Finance#RWA#TokenizedStocks

CoinDeskAdded: Aug 5, 20267.0

U.S. Treasuries

USDY Is Now Live on BNB Chain

Ondo Finance has officially launched its U.S. Dollar Yield token (USDY) on the BNB Chain, expanding the reach of its tokenized U.S. Treasuries to one of the largest DeFi ecosystems globally. This deployment enables users to access yield-bearing dollar exposure directly on the BNB Chain, eliminating the need for cross-chain bridging. The integration supports instant minting and redemption features, enhancing capital efficiency for both individual users and emerging AI agents operating within the network. By leveraging BNB Chain's massive user base and high transaction volume, Ondo aims to solidify USDY as a foundational real-world asset primitive. This multichain expansion strategy is designed to increase the utility of tokenized government debt across diverse blockchain environments. The move highlights the growing institutional demand for permissionless access to stable, yield-generating assets in decentralized finance. Ultimately, this launch serves as a critical step in integrating traditional financial instruments into high-activity, consumer-facing blockchain infrastructures.

#Ondo Finance#RWA#TokenizedTreasuries

ondo.financeAdded: Aug 4, 20267.5

U.S. Treasuries

Tokenized US T-bills reach all-time high market cap of $15B

Tokenized US Treasury products have reached a significant milestone, surpassing $15 billion in total on-chain market capitalization as of May 2026. This figure represents a threefold increase from the $5 billion recorded just 14 months prior, signaling rapid institutional adoption of blockchain-based financial instruments. Data from rwa.xyz indicates that by August 2026, the sector grew further to $16.16 billion across 85 distinct assets held by nearly 63,000 participants. Market leadership is highly concentrated, with five major products—including Circle’s USYC, BlackRock’s BUIDL, Franklin Templeton’s BENJI, and Ondo’s USDY—accounting for approximately 71% of the total market share. These assets provide institutional investors with traditional yields of roughly 3% APY while leveraging blockchain rails for near-instant settlement and enhanced composability. The shift away from legacy clearinghouses allows for efficient collateralization in DeFi protocols and streamlined cross-party transfers. However, the high concentration among a few issuers introduces systemic risk, as regulatory actions against any single provider could significantly impact the broader ecosystem. With an average position size exceeding $250,000, the market remains primarily an institutional domain with limited retail liquidity.

#RWA#Ondo#Tokenization

cryptobriefing.comAdded: Aug 3, 20268.5

Stocks

2026 Onchain RWA MidYear Report: The market v...｜RWA, tokenized stocks

The tokenized stock market experienced significant growth, with distributed value rising from 951 million dollars in March 2026 to 1.89 billion dollars by July 2026. Despite this near-doubling, the market remains highly concentrated, with Ondo, xStocks, and Securitize accounting for 85.1% of the total distributed value. The sector faces a fundamental trade-off between products with strong legal foundations and those with high liquidity or accessibility. Regulated infrastructure, such as Nasdaq’s CUSIP settlement model and DTC integration, prioritizes legal certainty and controlled custody over unrestricted portability. Conversely, offshore products like those from Ondo have expanded across Ethereum, BNB Chain, and Solana to enhance composability and decentralized routing. Total RWA market data, including represented assets, reached 218.27 billion dollars, though these figures require cautious interpretation due to frequent reclassifications and revaluations. Ultimately, the market functions as a fragmented Layer 2.5 system where no single product currently achieves standard ownership, widespread distribution, institutional liquidity, and independent price discovery simultaneously. This analysis highlights that reported growth figures often conflate new issuances with price fluctuations and methodology adjustments.

#RWA#Ondo#Securitize

chaincatcher.comAdded: Aug 3, 20268.0

Infrastructure

Ondo Finance weighs a $500 million acquisition as tokenized securities cross $36 billion

Ondo Finance has successfully navigated significant regulatory milestones in 2026, including closing an SEC investigation without charges and securing FINRA authorization for tokenized equities. The platform has further solidified its market position by placing BlackRock’s IVV ETF onchain under an SEC-endorsed framework. With $2.5 billion in assets under management and a market that has tripled in size over the last eighteen months, the company is now exploring potential acquisitions in the wealthtech sector. Reports indicate Ondo is evaluating targets valued between $250 million and $500 million to evolve from a specialized protocol into a broader financial conglomerate. While the company denied active negotiations with specific parties, it did not refute the strategic exploration of such acquisitions. This expansion reflects a broader trend of tokenization platforms scaling their infrastructure to capture institutional demand. The news triggered a 6% rise in the $ONDO token price, reflecting investor confidence in the firm's growth trajectory. These developments mark a pivotal shift for Ondo as it transitions from a niche infrastructure provider to a major player in the global financial ecosystem.

#Ondo Finance#BlackRock#TokenizedSecurities

cryptonews.netAdded: Aug 2, 20268.5