TLDR:
Tokenized securities provider Ondo Finance has announced its expansion into the Asia Pacific (APAC) region. Ondo offers three tokenized products that provide exposure to U.S. asset classes such as Treasuries and money market funds. The company aims to address the growing demand in APAC for tokenized products that offer exposure to U.S. assets.
Ondo Finance, a U.S.-based issuer of tokenized securities, has announced its expansion into the Asia Pacific (APAC) region. The company aims to address the growing demand in APAC for exposure to U.S. assets through tokenized products. Ondo currently offers three tokenized products — OUSG, OMMF, and USDY — which provide exposure to U.S.-based asset classes such as U.S. Treasuries and money market funds.
The company claims to have occupied close to 40% of the global market share of tokenized securities. In November, Ondo and the Mantle Network launched USDY, a tokenized note secured by U.S. Treasuries and bank deposits. Ondo also launched USDY on Solana in December.
Ondo has appointed Ashwin Khosa, who previously worked for Tether and Bitfinex, as the vice president of business development for the APAC region. The company has not disclosed the location of its APAC office.
Key Points:
- Ondo Finance announces expansion into APAC region
- Company offers three tokenized products providing exposure to U.S. assets
- Occupies close to 40% of the global market share of tokenized securities
- Appoints Ashwin Khosa as VP of business development for APAC
