Ondo Finance

📣 We are excited to share that the Arbitrum DAO has successfully ratified the STEP Committee's recommendation to diversify 6M $ARB from the Arbitrum DAO Treasury into Ondo Finance $USDY.  Representing over 17% of the total 35m ARB allocation, second only to BlackRock’s BUIDL, this vote grants the DAO access to one the industry's leading yield-generating real-world assets. 🙏 A special thanks to the STEP committee and DAO members who have made this initiative possible! https://lnkd.in/eViJtvdg NOTE: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY has also not been registered under the US Securities Act.

🌐 We’re excited to welcome Pyth Network to the Ondo Ecosystem with the launch of their USDY/USD price feed. 🌍  This launch expands the reach of Ondo Finance's USDY to over 65 blockchains, including #Solana, #Sui, #Mantle, #Aptos, and more, enabling smart contract developers globally to now tap into a real-time feed for Ondo’s market-leading yieldcoin, USDY. 🗣️ Katie Wheeler, VP of Partnerships at Ondo Finance, stated, “This is a huge unlock for developers and projects building the future of finance. Many leading DeFi applications and protocols rely on Pyth as an Oracle Provider, and this USDY/USD price feed marks a significant step towards cutting through the fragmented nature of blockchain ecosystems to make institutional assets widely accessible.” 🗣️ Mike Cahill, CEO and Co-Founder of Douro Labs, said, "We’re excited about the launch of the USDY/USD price feed. The Pyth contributors are committed to providing feeds for leading real-world assets based on the demands of Web3 developers, and as Ondo Finance and USDY continue to gain momentum, launching this price feed was a clear choice.” Learn more about Pyth's USDY/USD price feed below NOTE: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY has also not been registered under the US Securities Act or pursuant to the securities laws of any other jurisdiction, and may not be offered, sold or otherwise transferred in the US or to US persons unless the securities are registered under the US Securities Act or an exemption from the registration requirements thereof is available. Additional restrictions may apply. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, USDY or any securities. Acquiring USDY is speculative and involves substantial risks. There can be no assurances that a USDY holder will not incur losses, including total loss of their funding to acquire USDY tokens.

Another week, another milestone for tokenized real-world assets (RWA): BlackRock's first tokenized offering, created with Securitize, has surpassed $500 million market value as the tokenized Treasury market now tops $1.8 billion, according to RWA.xyz. And per CoinDesk, “The growth for BlackRock's tokenized product has been fueled by other decentralized finance (DeFi) protocols such as Ondo Finance,” whose tokenized Treasury offering OUSG leverages BlackRock's token as reserve asset. https://lnkd.in/gqk7WJWg

Katie Wheeler, VP of Partnerships at Ondo Finance, will be a panelist at the first ever Injective Labs Builder House in Brussels, July 10th! 🎙️ 📅 Join Katie for the latest in tokenization: https://lnkd.in/eceqeDh2

Each month, we bring you the latest developments from the forefront of RWA tokenization. Catch up on the key highlights throughout June! 👇 https://lnkd.in/emtFC2Rx

🌊 Ondo Finance 🤝 💧 Sui Foundation 🤝 🔒 Copper.co 👏 Copper.co, a leader in digital asset custody, collateral management, and prime services, is excited to announce its latest integration with #Sui, a high-performance Layer 1 blockchain and smart contract platform. 🙌 The strategic partnership will enable robust custody infrastructure support for stablecoin and Real-World Asset (#RWA) issuers on #Sui such as Ondo Finance's ($USDY), marking a significant advancement in connecting institutional finance to #onchain opportunities on the Sui Network. https://lnkd.in/eSVFANc5 🚫 NOTE: USDY is not, and may not be, offered, sold or otherwise made available in the US or to US persons. USDY also has not been registered under the US Securities Act.

🌊 We are thrilled to share that the Arbitrum STEP Committee has recommended a diversification of 6M $ARB from the Arbitrum DAO Treasury into Ondo Finance's $USDY. 🙌 Out of 30+ applications, the Committee is recommending six products, with over 17% of the funds set to be allocated to $USDY, second only to BlackRock’s #BUIDL. 👏 We are proud that the high-quality nature of $USDY has been recognized and appreciate the committee's thorough diligence process. We look forward to the #Arbitrum community vote, and stand ready to further extend collaboration efforts. 🙏 A special thanks to the STEP committee and DAO members who have made this initiative possible! 🎉 We also extend our congratulations to the other five projects to which allocations have been recommended: Securitize, Superstate, Mountain Protocol, OpenEden & Backed Finance AG! Stay tuned! https://lnkd.in/e9tqGPfx

📆 Save the date! Nathan Allman, Founder & CEO of Ondo Finance will be speaking at Korea Blockchain Week this year.

🌊 McKinsey & Company's new report - From ripples to waves: The transformational power of tokenizing assets! 📈 Tokenized financial assets are moving from pilot to at-scale deployment. Adoption is not yet widespread, but financial institutions with blockchain capabilities in place will have a strategic advantage. 🏦 Tokenized money market funds have attracted over $1 billion in assets under management, signaling demand from investors with on-chain capital in a high-interest-rate environment. Investors can choose from funds managed by established incumbents, such as BlackRock, WisdomTree, and Franklin Templeton, as well as Web3 natives such as Ondo Finance, Superstate, and Maple Finance. 💱 Tokenized money market funds will likely see sustained demand in a higher-interest-rate environment, potentially offsetting stablecoins as on-chain stores of value. Other types of mutual funds and ETFs could offer #onchain capital diversification to conventional financial instruments. 🙏 Thanks for the feature McKinsey & Company. Always nice to be in good company! https://lnkd.in/garHachf

🤝 We're delighted to welcome Hex Trust into the Ondo Finance Ecosystem following an integration of $USDY and $OUSG into its fully-licensed custody solution! 🔒 Hex Trust is a digital asset custodian that provides solutions for protocols, foundations, financial institutions, and the Web3 ecosystem. From today, its users can custody two market-leading #yieldcoins from Ondo Finance. 🗣 Justin Schmidt, President of Ondo Finance, expressed, "We are thrilled to collaborate with Hex Trust, a distinguished digital asset custodian. This integration expands the reach of our yieldcoins to Hex Trust’s extensive client network.” 🗣 Alessio Quaglini, CEO & Co-Founder of Hex Trust stated, “We are excited to extend custody support to $USDY and $OUSG. Our bank-grade platform, designed to meet the strictest institutional requirements, now enables our clients to securely custody these market-leading assets.” 🚫 NOTE: USDY is not, and may not be, offered, sold or otherwise made available in the US or to US persons. USDY also has not been registered under the US Securities Act.