Ondo Finance Announces Expansion in the Asia-Pacific Region and Opening of First Office

WikiBit 2024-01-22 17:06

US tokenized securities issuance platform Ondo Finance has announced the opening of its first office in the Asia-Pacific region (APAC). According to the company, it holds nearly 40% of the global tokenized securities market share and currently offers three tokenized products—OUSG, OMMF, and USDY—allowing investment in US assets such as government bonds and money market funds.

Ondo has appointed Ashwin Khosa, formerly associated with Tether and Bitfinex, as Vice President of Business Development for the Asia-Pacific region. The company did not specify the exact location of its office in the Asia-Pacific region in the announcement.

In November of last year, Ondo, in collaboration with Mantle Network, launched USDY, a tokenized note backed by US government bonds and bank deposits, and introduced this product on the Solana blockchain in December.

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