Ondo Finance extends tokenized asset platform to the Asia Pacific region
Ondo Finance, a specialized platform in tokenized real-world assets, has expanded its operations into the Asia Pacific region, appointing Ashwin Khosa as its new Vice President of Business Development. The company, which holds a significant 40% share of the global market, offers three key tokenized products: OUSG, OMMF, and USDY. These products provide global investors with the opportunity to engage with prominent US asset classes through tokenization. Ondo’s founder and CEO, Nathan Allman, emphasized the growing crypto community in Asia Pacific and the region’s interest in US asset exposure through tokenized means.
This expansion follows a series of notable developments from Ondo, including the release of a strategic roadmap for the next two years and partnerships with Mantle Network and Solana. These partnerships aim to integrate USDY into their respective blockchain networks. The Ondo Foundation has also launched a points program and proposed unlocking the ONDO token, reflecting the company’s dedication to evolving the on-chain finance landscape.
As of now, Ondo’s price has experienced a 2.4% increase and is trading at $0.265, with a trading volume surge of 28.8% to $196.7 million. Over the past seven days, the price has risen by more than 60%.
