Ondo

Pacific

Mantle

Foundation

<div class="cryptonews">
 <p class="is-style-lead">Ondo Finance, a <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a> specializing in <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>ized real-world <a rel="noopener noreferrer nofollow" title="asset" href="https://thebittimes.com/tag/asset.html">asset</a>s, has expanded its operations into the Asia Pacific <a rel="noopener noreferrer nofollow" title="region" href="https://thebittimes.com/tag/region.html">region</a>.</p>
 <p>In line with its expansion efforts Ondo has appointed Ashwin Khosa — a former employee of Tether and Bitfinex — as its new Vice President of Business Development for the Asia/Pacific region.</p>
 <p>However, the firm did not disclose the country or the city where the office has been opened.</p>
 <p>The company, with a substantial 40% share of the global market, offers three key tokenized products: OUSG, providing access to US Treasuries; OMMF, linked to US money market funds; and USDY, a yield-bearing alternative to traditional stablecoins.</p>
 <p>These offerings grant global investors the opportunity to engage with prominent US asset classes through tokenization.</p>
 <p>Nathan Allman, the founder and CEO of Ondo, highlighted the vibrant and expanding crypto community in Asia Pacific, as well as the <a rel="noopener noreferrer nofollow" title="region" href="https://thebittimes.com/tag/region.html">region</a>’s interest in US <a rel="noopener noreferrer nofollow" title="asset" href="https://thebittimes.com/tag/asset.html">asset</a> exposure through <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>ized means.</p>
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 <p>The latest expansion follows a sequence of notable developments from Ondo, including the release of a strategic roadmap for the upcoming 24 months and recent partnerships with Mantle Network and Solana. These alliances aim to integrate USDY into their respective blockchain networks.</p>
 <p>Additionally, the Ondo Foundation has launched a points program and proposed unlocking the ONDO token, reflecting the company’s commitment to evolving the on-chain finance landscape.</p>
 <p>At the time of writing, Ondo price witnessed a 2.4% rise and traded at $0.265, with its trading volume soaring 28.8% to $196.7 million. However, over the last seven days, it has added more than 60% to its price.</p>
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   <img decoding="async" width="898" height="495" src="https://cdn.thebittimes.com/images/2024/01/22/e0a28732c5f20440577e7a31a9ce2459.webp" alt="Ondo Finance expands tokenized asset platform to Asia Pacific region - 1"> 
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   ONDO 24-hour price chart | Source: CoinMarketCap
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ondo-finance-expands-tokenized-asset-platform-to-asia-pacific-region-tbt77271.html">https://thebittimes.com/ondo-finance-expands-tokenized-asset-platform-to-asia-pacific-region-tbt77271.html</a></p>

Ondo Finance expands tokenized asset platform to Asia Pacific region

TheBitTimes

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