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Ondo Finance is a US-based issuer of tokenized securities. announced today Opening of first office in Asia Pacific region.
The company, which claims nearly 40% of the global market share of tokenized securities, currently offers three tokenized products: OUSG, OMMF, and USDY — This allows exposure to US-based asset classes such as US Treasuries and money market funds.
“We have a vibrant and rapidly growing crypto community that appreciates the type of high-quality exposure to U.S. assets that our tokens provide,” said Ondo founder and CEO Nathan.・Mr. Allman stated in a press release.
Ondo appointed Ashwin Khosa, who previously worked at Tether and Bitfinex, as vice president of business development for the APAC region.
November Ondo and Mantle Network launched USDY, a tokenized banknote secured by US government bonds and bank deposits. According to X, Ondo also launched USDY in Solana in December post.
Ondo did not disclose the location of its Asia-Pacific offices in the statement. The Block did not immediately respond to a request for comment.
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© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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