Introduction to OndoFinance
Ondo Finance is dedicated to enhancing the security, efficiency, and accessibility of financial services through institutional-grade on-chain products. The company boasts a technical department focused on developing on-chain financial software and an asset management arm that creates and manages tokenized products. Ondo Finance is incubating protocols capable of supporting the tokenization of real-world assets and traditional cryptocurrencies, and it is the first company to tokenize exposure to US Treasuries.
OndoFinance Team
Justin Schmidt: Currently serving as the Chairman and COO of Ondo Finance, Justin previously held the position of Strategic Lead at Talos, where he helped provide features such as comparing cryptocurrency lending rates across different providers and expanding into international markets like Asia-Pacific and Latin America. Prior to that, he was the Vice President and Head of Digital Asset Markets at Goldman Sachs. Justin graduated from MIT with a degree in Computer Science, specializing in Artificial Intelligence and Decentralized Applications.
Nathan Allman: Nathan serves as the Co-Founder and CEO of Ondo Finance. He previously led the global digital asset markets at Goldman Sachs' Digital Assets division and was a Managing Partner at ChainStreet Capital.
Ian De Bode: Ian is Ondo's Chief Strategy Officer, having previously served as the Digital Assets Lead at McKinsey. He holds a Master's degree in Nanoscience from KU Leuven.
Katie Wheeler: Katie is Ondo Finance's Vice President of Partnerships, having previously been the Director of Business Development for Web3 at Circle. She graduated from the Leeds School of Business at the University of Colorado Boulder and Pompeu Fabra University.
Ashwin Khosa: Ashwin is Ondo Finance's Vice President of Business Development, with previous experience at Bitfinex and Citi. He graduated from the University of Pennsylvania.
Ali Azam: Ali is Ondo Finance's Vice President of Engineering, having previously served as the Technical Lead at Boson Protocol.
Ben Grossman: Ben is Ondo Finance's Senior Director of Marketing, having previously held the position of Director of Marketing at the Stellar Development Foundation. He graduated from Columbia University.
OndoFinance Funding
Seed Round: On August 17, 2021, Ondo Finance completed a $4 million seed round funded by Pantera Capital*, CoinFund, DCG, Bixin Ventures, The LAO, Chapter One, Divergence Ventures, Stani Kulechov, Diogo Monica, Richard Ma, Justin Schmidt, Christy Choi, Josh Hannah, and Protoscale Capital.
Series A Round: On April 27, 2022, Ondo Finance completed a $20 million Series A round funded by Pantera Capital, Founders Fund, Coinbase Ventures, Tiger Global, Wintermute, Goldentree, and Flow Traders.
Public Round: On July 6, 2022, Ondo Finance completed a 10millionpublicround,withundisclosedinvestors.Afterthisround,OndoFinance′sprojectvaluationreached535 million!
OndoFinance Token Economics Model
ONDO is the governance token for Ondo DAO and Flux Finance. Holders can control protocol parameters and smart contract upgrades through on-chain proposals. The governance process includes forum discussions and on-chain voting, using Compound's Govern Bravo model and Tally for voting. The total supply of ONDO is 10 billion tokens.
Address: 0xfAbA6f8e4a5E8Ab82F62fe7C39859FA577269BE3
Initial Supply: 10 billion ONDO
Inflation: None
Distribution: ONDO tokens will be freely transferable on January 18, 2024, with a structured allocation:
Coinlist Tranche 1: ~0.3%, 1-year lock + 18-month vesting
Coinlist Tranche 2: ~1.7%, 1-year lock + 6-month vesting
Seed Investors: <7%, 1-year lock + 24-month vesting ($4M equity)
Series A Investors: <7%, 1-year lock + 24-month vesting ($20M equity)
Locked tokens remain eligible for voting, ensuring that all stakeholders can shape Ondo's future.
OndoFinance Future Development
One of Ondo's current successes is its preliminary resolution of the compliance issues surrounding the tokenization of US Treasuries within the existing legal framework in the United States. This has enabled participants in the RWA US Treasury market, including investors, fund managers, custodian banks, brokers, and other parties, to agree on the operating rules of USDY and OUSG and actively participate in them. It can be said that Ondo has seized the initiative in the RWA US Treasury market. In the future, Ondo can leverage this advantage to continue expanding the tokenization of other asset classes. With the powerful background of BlackRock, Ondo's future potential is immeasurable
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Introduction to OndoFinance
Ondo Finance is dedicated to enhancing the security, efficiency, and accessibility of financial services through institutional-grade on-chain products. The company boasts a technical department focused on developing on-chain financial software and an asset management arm that creates and manages tokenized products. Ondo Finance is incubating protocols capable of supporting the tokenization of real-world assets and traditional cryptocurrencies, and it is the first company to tokenize exposure to US Treasuries.
OndoFinance Team
Justin Schmidt: Currently serving as the Chairman and COO of Ondo Finance, Justin previously held the position of Strategic Lead at Talos, where he helped provide features such as comparing cryptocurrency lending rates across different providers and expanding into international markets like Asia-Pacific and Latin America. Prior to that, he was the Vice President and Head of Digital Asset Markets at Goldman Sachs. Justin graduated from MIT with a degree in Computer Science, specializing in Artificial Intelligence and Decentralized Applications.
Nathan Allman: Nathan serves as the Co-Founder and CEO of Ondo Finance. He previously led the global digital asset markets at Goldman Sachs' Digital Assets division and was a Managing Partner at ChainStreet Capital.
Ian De Bode: Ian is Ondo's Chief Strategy Officer, having previously served as the Digital Assets Lead at McKinsey. He holds a Master's degree in Nanoscience from KU Leuven.
Katie Wheeler: Katie is Ondo Finance's Vice President of Partnerships, having previously been the Director of Business Development for Web3 at Circle. She graduated from the Leeds School of Business at the University of Colorado Boulder and Pompeu Fabra University.
Ashwin Khosa: Ashwin is Ondo Finance's Vice President of Business Development, with previous experience at Bitfinex and Citi. He graduated from the University of Pennsylvania.
Ali Azam: Ali is Ondo Finance's Vice President of Engineering, having previously served as the Technical Lead at Boson Protocol.
Ben Grossman: Ben is Ondo Finance's Senior Director of Marketing, having previously held the position of Director of Marketing at the Stellar Development Foundation. He graduated from Columbia University.
OndoFinance Funding
Seed Round: On August 17, 2021, Ondo Finance completed a $4 million seed round funded by Pantera Capital*, CoinFund, DCG, Bixin Ventures, The LAO, Chapter One, Divergence Ventures, Stani Kulechov, Diogo Monica, Richard Ma, Justin Schmidt, Christy Choi, Josh Hannah, and Protoscale Capital.
Series A Round: On April 27, 2022, Ondo Finance completed a $20 million Series A round funded by Pantera Capital, Founders Fund, Coinbase Ventures, Tiger Global, Wintermute, Goldentree, and Flow Traders.
Public Round: On July 6, 2022, Ondo Finance completed a 10millionpublicround,withundisclosedinvestors.Afterthisround,OndoFinance′sprojectvaluationreached535 million!
OndoFinance Token Economics Model
ONDO is the governance token for Ondo DAO and Flux Finance. Holders can control protocol parameters and smart contract upgrades through on-chain proposals. The governance process includes forum discussions and on-chain voting, using Compound's Govern Bravo model and Tally for voting. The total supply of ONDO is 10 billion tokens.
Address: 0xfAbA6f8e4a5E8Ab82F62fe7C39859FA577269BE3
Initial Supply: 10 billion ONDO
Inflation: None
Distribution: ONDO tokens will be freely transferable on January 18, 2024, with a structured allocation:
Coinlist Tranche 1: ~0.3%, 1-year lock + 18-month vesting
Coinlist Tranche 2: ~1.7%, 1-year lock + 6-month vesting
Seed Investors: <7%, 1-year lock + 24-month vesting ($4M equity)
Series A Investors: <7%, 1-year lock + 24-month vesting ($20M equity)
Locked tokens remain eligible for voting, ensuring that all stakeholders can shape Ondo's future.
OndoFinance Future Development
One of Ondo's current successes is its preliminary resolution of the compliance issues surrounding the tokenization of US Treasuries within the existing legal framework in the United States. This has enabled participants in the RWA US Treasury market, including investors, fund managers, custodian banks, brokers, and other parties, to agree on the operating rules of USDY and OUSG and actively participate in them. It can be said that Ondo has seized the initiative in the RWA US Treasury market. In the future, Ondo can leverage this advantage to continue expanding the tokenization of other asset classes. With the powerful background of BlackRock, Ondo's future potential is immeasurable
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