Ondo Finance expands into Asia Pacific region

Ondo Finance, a leader in on-chain finance, aims to expand its global presence with the opening of its first office in the Asia Pacific (APAC) region. The move comes as Ondo looks to capitalize on the growing interest in digital assets within the Asia Pacific region, driven by a thriving cryptocurrency community, evolving regulatory frameworks and a growing appetite for exposure to US-based assets. .

The company currently offers three tokenized products: OUSG provides investors with exposure to U.S. Treasury bonds. OMMF, which provides exposure to U.S. money market funds; USDY is designed as a yield alternative to traditional stablecoins. These products allow investors around the world to gain exposure to major U.S. asset classes in a tokenized format.

temperature finance It has already established itself as a leader in tokenized securities, holding approximately 40% of the global market share. Our strategic move to the Asia Pacific region is a timely expansion to match the region’s significant wealth and diverse investor base.

To facilitate this expansion, Ondo officially opened its Asia Pacific office and appointed Ashwin Khosa as Vice President of Business Development for the region.

Mr. Khosa has nearly 10 years of institutional business development experience in Hong Kong, having previously worked at prominent financial institutions including Citi, Tether and Bitfinex. His extensive background in on-chain finance and deep knowledge of the Asia Pacific markets positions him as a valuable asset to Ondo Finance’s ambitions in the region.

Mr Khosa expressed his enthusiasm about joining Ondo: “The team is top-notch and the mission of bringing real-world assets on-chain is extremely important. “We look forward to working closely with our partners in the region to provide investors with access to the next generation of high-quality assets.”

Nathan Allman, founder and CEO of Ondo Finance He said, “We are very excited about our expansion into APAC. “There is an active and fast-growing cryptocurrency community and an appreciation for the type of high-quality exposure to US assets that our token provides.”

This important announcement follows a series of recent milestones for Ondo, including the launch of a strategic roadmap that outlines the company’s vision for the current state of the industry and its high-level plans for the next 24 months.

In addition to Ondo’s own developments, several key players in the Ondo ecosystem have recently made notable announcements.

• Mantle and Solana announced a partnership with Ondo Finance aimed at integrating USDY into their respective blockchain networks.
• The Ondo Foundation has strengthened its efforts to build a strong and sustainable ecosystem around its Ondo Finance products by introducing a points program and proposing a mechanism to unlock ONDO tokens.

With its strategic expansion into the Asia Pacific region, Ondo Finance continues to assert its position as a pioneer in the world of tokenized securities and is poised to capitalize on the burgeoning interest in digital assets across the region. As the company leverages its expertise and partnerships, it remains a company to watch in the evolving on-chain finance landscape.

Also Read: Bitcoin ETF Approval Sparks Optimism in Cryptocurrency Markets, Experts Weigh In.