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Recent Progress of Ondo Finance Project
According to the official announcement, Binance will list Ondo (ONDO) online at the following times:
Binance Earn: ONDO will be listed on April 11, 2025, at 22:00 (UTC+8).
One-click trading: Within one hour after the spot listing of ONDO.
Instant exchange platform: Within one hour after ONDO is listed on Binance spot.
Binance leverage: Scheduled for April 11, 2025, at 22:20 (UTC+8).
Introduction to Ondo Finance Project
Ondo Finance is an innovative protocol focusing on tokenizing traditional financial assets through blockchain technology, aiming to provide compliant, efficient, and highly liquid on-chain financial services for institutional and individual investors. Its core mission is to enhance the security, efficiency, and accessibility of the financial market through on-chain products and to become a benchmark in the field of Real World Assets (RWA) tokenization.
Composition of the Ondo Finance Team
Justin Schmidt, Chairman and CEO of Ondo, former head of digital assets at Goldman Sachs, driving the development of crypto lending tools and the expansion of emerging market, with an MIT AI background empowering technological strategy.
Nathan Allman, CEO and co-founder, bringing experience from Goldman Sachs' crypto market and ChainStreet investments, focusing on institutional-grade product innovation and ecosystem layout.
Ian De Bode, Chief Strategy Officer, a digital asset expert from McKinsey, optimizing market landing strategies with interdisciplinary capabilities (nanotechnology + blockchain).
Katie Wheeler, Vice President of Partnerships, with a background in Circle's Web3 business, deepening global payment cooperation and expanding Latin America/Europe crypto ecosystem connections.
Ondo Finance Project Financing
Seed Round (August 2021, $4 million)
Led by Pantera, with participation from DCG, CoinFund, and other institutions, laying the foundation for the project's early development and exploring compliant on-chain financial solutions.
Series A (April 2022, $20 million)
Jointly led by Pantera and Founders Fund, with Coinbase Ventures and Tiger Global following, promoting the implementation of tokenized U.S. Treasury bond products.
Public Offering Round (July 2022, $10 million)
Valued at $535 million, funds used to expand the scale of tokenized assets, strengthen competitiveness in the RWA field, with undisclosed investors.
Ondo Finance Announces Token Economics
The total supply of ONDO tokens is 10 billion, of which 3.38 billion (approximately 33.9% of the total) have already been unlocked, with 6.61 billion still locked (66.1%). The main allocations are in four areas:
5.21 billion (52.1%) for ecosystem growth, including community incentives and partnership projects;
3.3 billion (33%) for protocol development and technical maintenance;
1.29 billion (12.9%) for private sales, where investors acquired at a discounted price of $0.0133-$0.02;
200 million (2%) for community sales, priced at $0.055.
From the allocation perspective, the project side has invested over 85% of the tokens into long-term ecosystem construction and protocol development, showing a focus on sustainable development. It is worth noting that private investors obtained a significant price advantage, with the lowest price being about a quarter of the community sale price.
Future Outlook for Ondo Finance
As a frontrunner in the RWA track, Ondo Finance is expected to further expand the scale of institutional-grade on-chain assets in the future, promoting the widespread application of traditional assets like U.S. Treasury bonds in the DeFi field. With the improvement of regulatory frameworks and the increase in institutional adoption rates, its tokenized products may become a key bridge connecting traditional finance and the crypto market. If successful in expanding the global market and deepening DeFi ecosystem integration, ONDO could occupy a core position in the new wave of RWA.
Recent Progress of Ondo Finance Project
According to the official announcement, Binance will list Ondo (ONDO) online at the following times:
Binance Earn: ONDO will be listed on April 11, 2025, at 22:00 (UTC+8).
One-click trading: Within one hour after the spot listing of ONDO.
Instant exchange platform: Within one hour after ONDO is listed on Binance spot.
Binance leverage: Scheduled for April 11, 2025, at 22:20 (UTC+8).
Introduction to Ondo Finance Project
Ondo Finance is an innovative protocol focusing on tokenizing traditional financial assets through blockchain technology, aiming to provide compliant, efficient, and highly liquid on-chain financial services for institutional and individual investors. Its core mission is to enhance the security, efficiency, and accessibility of the financial market through on-chain products and to become a benchmark in the field of Real World Assets (RWA) tokenization.
Composition of the Ondo Finance Team
Justin Schmidt, Chairman and CEO of Ondo, former head of digital assets at Goldman Sachs, driving the development of crypto lending tools and the expansion of emerging market, with an MIT AI background empowering technological strategy.
Nathan Allman, CEO and co-founder, bringing experience from Goldman Sachs' crypto market and ChainStreet investments, focusing on institutional-grade product innovation and ecosystem layout.
Ian De Bode, Chief Strategy Officer, a digital asset expert from McKinsey, optimizing market landing strategies with interdisciplinary capabilities (nanotechnology + blockchain).
Katie Wheeler, Vice President of Partnerships, with a background in Circle's Web3 business, deepening global payment cooperation and expanding Latin America/Europe crypto ecosystem connections.
Ondo Finance Project Financing
Seed Round (August 2021, $4 million)
Led by Pantera, with participation from DCG, CoinFund, and other institutions, laying the foundation for the project's early development and exploring compliant on-chain financial solutions.
Series A (April 2022, $20 million)
Jointly led by Pantera and Founders Fund, with Coinbase Ventures and Tiger Global following, promoting the implementation of tokenized U.S. Treasury bond products.
Public Offering Round (July 2022, $10 million)
Valued at $535 million, funds used to expand the scale of tokenized assets, strengthen competitiveness in the RWA field, with undisclosed investors.
Ondo Finance Announces Token Economics
The total supply of ONDO tokens is 10 billion, of which 3.38 billion (approximately 33.9% of the total) have already been unlocked, with 6.61 billion still locked (66.1%). The main allocations are in four areas:
5.21 billion (52.1%) for ecosystem growth, including community incentives and partnership projects;
3.3 billion (33%) for protocol development and technical maintenance;
1.29 billion (12.9%) for private sales, where investors acquired at a discounted price of $0.0133-$0.02;
200 million (2%) for community sales, priced at $0.055.
From the allocation perspective, the project side has invested over 85% of the tokens into long-term ecosystem construction and protocol development, showing a focus on sustainable development. It is worth noting that private investors obtained a significant price advantage, with the lowest price being about a quarter of the community sale price.
Future Outlook for Ondo Finance
As a frontrunner in the RWA track, Ondo Finance is expected to further expand the scale of institutional-grade on-chain assets in the future, promoting the widespread application of traditional assets like U.S. Treasury bonds in the DeFi field. With the improvement of regulatory frameworks and the increase in institutional adoption rates, its tokenized products may become a key bridge connecting traditional finance and the crypto market. If successful in expanding the global market and deepening DeFi ecosystem integration, ONDO could occupy a core position in the new wave of RWA.
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