Ondo Finance
Institutional-grade finance, delivered onchain
New York, United States · Founded 2021 · $46.0M raised
- Headquarters
- New York, New York
- Employees
- 51–200
- Founded
- 2021
- Business Model
- B2B
- Website
- ondo.finance
- Total Funding
- $46.0M
- Last Round
- $22.0M SAFEMay 2022
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Ondo Finance is an institutional-grade real-world asset (RWA) tokenization platform that bridges traditional finance and decentralized finance (DeFi) by bringing US Treasuries, money market funds, and equities on-chain. Founded in 2021 by former Goldman Sachs employees, Ondo is headquartered in New York and operates as a fully remote-first organization. The company's flagship products include OUSG, a tokenized short-term US Treasury product for Qualified Purchasers, and USDY, a yield-bearing stablecoin alternative backed by US bank deposits and short-term Treasuries. Ondo has established partnerships with major financial institutions including JPMorgan, Mastercard, and Ripple for cross-border settlement of tokenized assets.
Summary
Ondo Finance is a Crypto & Web3 company based in New York, United States, founded in 2021. It has raised $46.0M in total across 3 rounds, most recently a $22.0M SAFE round in May 2022. Investors include Pantera Capital, Founders Fund and Coinbase Ventures.
Tech & App Stack
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Funding History
May 2022
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Funding: Seed through SAFE. Amounts, valuations, and investors where available.
Investors
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