Ondo Finance is a securities tokenization protocol that brings together real-world assets (RWA) and blockchain technology. It is essentially an asset manager that specializes in tokenized digital assets and liquidity lending. The protocol also develops decentralized apps to support the scaling and interoperability of tokenized assets.

Ondo Finance (ONDO) was founded on July 27, 2021, by Nathan Allman, a former employee of Goldman Sachs. He currently serves as the CEO of Ondo Finance. 

1. Ondo Finance specializes in tokenizing traditional financial assets, such as US Treasuries, money market funds, and yield-bearing alternatives to stablecoins.

2. Ondo offers Vaults that isolate risks, allowing lenders to specify collateral preferences, fund usage, and loan-to-value (LTV) thresholds. 

3. It undergoes security audits by firms like Peckshield, Certik, and Quantstamp.

4. The Ondo Finance is completely decentralized and it allows token holders to participate in governance decisions.

The ONDO token has witnessed a rapid rise since its launch in January 2024. As of July 2024, ONDO ranks among the top 54 cryptos by market capitalization. With a total supply of 10,000,000,000 ONDO tokens, the token ranks under the top 43 in terms of trading volume. In just six months since its launch, the token is up over 560%, per CoinMarketCap. Crypto analysts expect the token to give promising returns to investors, forecasting a bullish future for the crypto.

You can buy ONDO from cryptocurrency exchanges like CoinSwitch.

• Governance: The ONDO token is the governance token of Ondo Finance and Flux Finance protocol. Token holders can participate in decisions related to the governance of the protocol.

• Staking: Token holders can earn extra income by staking or lending the ONDO.

• Trade: Crypto investors can trade in ONDO by buying and selling ONDO tokens from crypto exchanges like CoinSwitch to leverage short-term price movements.

• A group of former Goldman Sachs employees leads the team behind the ONDO token, boosting its credibility.

• The protocol offers unique tokenized securities. 

• Ondo Finance makes institutional-grade financial products accessible to all.

• The ONDO token is new to the crypto market, making it prone to volatility. 

• The idea of tokenized securities is not familiar to most investors.

• Despite being ranked among the top cryptos by market cap, broader adoption may take time.

• You can invest in ONDO starting with just ₹100.

• CoinSwitch offers a smooth and seamless crypto trading experience for traders of all levels.

• Users can easily manage their transactions and portfolios.

Ondo Finance raised $20M in a Series A funding round led by Founders Fund and Pantera Capital. Other investors included Coinbase Ventures, GoldenTree, Wintermute, Steel Perlot, Tiger Global, and Flow Traders. The protocol said the funds would go to expand the Ondo team and build new products to boost DeFi adoption among mainstream investors.