Latest news with #IanDeBode
Axios
03-07-2025
- Business
- Axios
Exclusive: Ondo and Pantera Capital earmark $250 million for real-world asset tokenization
Founder's Fund-backed Ondo Finance and crypto investor Pantera Capital plan to invest $250 million in real-world asset projects as tokenization hits a fevered pitch, the duo tells Axios exclusively. Why it matters: Tokenizing treasuries, stocks, and other assets is now the second hottest sector in crypto as the regulatory environment eases. Context: RWA tokenization grew from $5 billion in 2022 to over $24 billion by June 2025, according to data from Redstone — making it the second fastest-growing sector behind stablecoins, which is considered a kind of tokenization itself. Ondo, which also has backing from Pantera, has a focus on the space. Driving the news: Dubbed Ondo Catalyst, the $250 million will be spent on both equity stakes and project tokens, Ondo chief strategy officer Ian De Bode says. Crypto and traditional finance have been developing on parallel, but separate infrastructure in recent years. That's created gaps as the two seek to combine. "Traditional financial markets don't work 24/7 — but crypto markets do," says De Bode. "The types of services that you would want to see on chain ... requires a little bit of rewiring of how some of these DeFi protocols are built." Between the lines: Catalyst also aims to find projects that will make on-chain versions of the asset more attractive to users, compared to the underlying one. "Fundamentally, at some point, the question is going to be 'why would I hold my asset on chain versus off chain in a brokerage account?'" asks De Bode. "That ecosystem of applications needs to get built." De Bode believes on-chain brokerage accounts could rebalance automatically 24/7, becoming more real-time than their older counterparts. The bottom line: Coinbase, Robinhood, and Republic are all entering the tokenization fray — with some hoping the blockchain can eventually help cut out financial middlemen.
Yahoo
11-06-2025
- Business
- Yahoo
Ondo Finance Debuts $693M Treasury Token on XRP Ledger Amid Soaring RWA Trend
Tokenization platform Ondo Finance ONDO has debuted its flagship U.S. treasury-backed token on XRP Ledger (XRPL), giving institutional investors new tools to manage cash on the blockchain. Qualified purchasers can mint and redeem Ondo Short-Term U.S. Government Treasuries (OUSG) tokens around the clock using Ripple's U.S. dollar stablecoin RLUSD, the press release said. Initial supply of the token on XRPL is $30 million to ensure liquidity, the firms said. "This integration strengthens our commitment to providing reliable and composable infrastructure at the intersection of traditional finance and DeFi," Ian De Bode, chief strategy officer at Ondo Finance, said in a statement. The expansion follows Ondo's announcement in January, targeting to go live in six months, CoinDesk reported then. Tokenized Treasuries have spearheaded the rapidly growing real-world asset trend, which is bringing traditional financial instruments like bonds, funds and real estate onto blockchain rails. The market value of tokenized U.S. Treasuries mushroomed to $7.2 billion, up from $1.7 billion a year ago, according to These products allow investors to park idle cash without leaving blockchain rails to earn a steady yield that's independent from crypto markets, similar to a money market fund. Increasingly, they are also used as reserve assets for decentralized finance (DeFi) protocols and as collateral in trading and asset management. OUSG with $693 million supply is the third largest of its kind following BlackRock's BUIDL and Franklin Templeton's BENJI, per data. The new offering also fits into XRP Ledger's growing ambition to position itself as a hub for tokenized assets. This week, Guggenheim Treasury Services said it will issue Digital Commercial Paper on the network, while Dubai announced last month a tokenized real estate platform developed on XRPL as part of its $16 billion property tokenization in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Ondo launches tokenized US Treasuries on XRPL via Ripple's RLUSD
Ondo launches tokenized US Treasuries on XRPL via Ripple's RLUSD originally appeared on TheStreet. Ondo Finance has launched its flagship tokenized treasury product, Ondo short-term US Government Treasuries (OUSG), on the XRP Ledger (XRPL), where Qualified Purchasers can mint and redeem 24/7 using Ripple's RLUSD stablecoin. This marks the first time tokenized US Treasuries have been directly deployed and accessed via XRPL for qualified purchasers—an impactful move toward bridging traditional finance with institutional-level DeFi. The integration to XRPL now provides capital 24/7 and enables instant minting and redemption within OUSG using RLUSD, creating RLUSD as a key settlement rail for real-world assets (RWAs). OUSG allows exposure to low-risk, short-term US government treasuries via institutional-grade money market funds. OUSG already has $30 million TVL on XRPL and is climbing alongside Ondo Finance's total $1.3 billion TVL in tokenized finance. RippleX SVP Markus Infanger mentioned in a statement, launching OUSG marks a point where institutions can begin to rely on trusted assets on public blockchains, i.e., in a developing tokenized market, Treasuries, not IOUs. Ian De Bode, CSO of Ondo, also noted that the deployment of OUSG on XRPL means OUSG is now poised to expand further composable financial access to an even larger institutional audience. OUSG is already live on Ethereum and Solana, with over $670 million in assets, making it one of the most extensive tokenized Treasury offerings, alongside some of the most prominent tokenized Treasury creators, such as BlueRock and Franklin Templeton, which have allocations in BUIDL, FOBXX, WTGXX, and ULTRA. This launch shows XRPL is becoming more usable for institutions and further develops RLUSD's role beyond payments as a bridge to on-chain financial instruments with stable liquidity and compliance. Ondo launches tokenized US Treasuries on XRPL via Ripple's RLUSD first appeared on TheStreet on Jun 11, 2025 This story was originally reported by TheStreet on Jun 11, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-04-2025
- Business
- Yahoo
Ondo Finance discusses tokenized U.S. treasuries with the SEC
Representatives from Ondo Finance met with the U.S. Securities and Exchange Commission (SEC) to discuss ways of issuing and selling tokenized U.S. securities in compliant ways. Ondo Finance is a decentralized finance (DeFi) platform that tokenizes real-world assets (RWAs) such as U.S. Treasuries, stocks, bonds, and exchange-traded funds (ETFs). It is one of the pioneering projects engaged in tokenization of RWAs. The platform aims to bridge the gap between decentralized finance (DeFi) and traditional finance (TradFi) by offering on-chain investment products. The SEC released a memorandum on Apr. 24 as per which representatives from Ondo Finance and Davis Polk & Wardwell LLP met the SEC's crypto task force on Apr. 24. Ondo Finance representatives included founder and CEO Nathan Allman, CSO Ian De Bode, and general counsel Mark Janoff. The discussion involved the Web3 firm's proposal for issuing and selling wrapped, tokenized versions of publicly traded U.S. securities. The topics under the agenda included structural models of tokenized securities, registration requirements, broker-dealer requirements, market structure regulations, financial crimes compliance, and state corporate laws. The DeFi platform also discussed securing a sandbox or other such relief. A sandbox is a facility offered by a regulator that allows a crypto firm to test the latest financial products and services using emerging technologies in a controlled environment before full-scale deployment. The ONDO token rallied more than 10% immediately after the SEC sharing the memorandum. It was trading at $1.01 at press time. However, its price is still more than 50% lower than the all-time high (ATH) of $2.14 that it hit on Dec. 16, 2024. Sign in to access your portfolio
Yahoo
06-02-2025
- Business
- Yahoo
Ondo Finance Unveils Layer-1 Network for Tokenized Assets
New York, NY — Ondo Finance, the second-largest tokenized Treasuries issuer, said it plans to start its own layer-1 blockchain designed for tokenized real-world assets in a bid to connect traditional capital markets with decentralized finance, the company announced on Thursday at its inaugural Ondo Summit. Ondo Chain was crafted to meet institutional compliance standards while maintaining the transparency and accessibility of public blockchains like Ethereum, the company said. The network will rely on permissioned validators to verify transactions and ensure accurate financial data, such as asset prices and token backing. It will also support staking of tokenized real-world assets and native bridging between blockchains for interoperability. "Financial markets are overdue for an upgrade," CEO Nathan Allman said in a statement. "We're creating an ecosystem that bridges the best of traditional finance with blockchain technology.' ONDO, the native token of the ecosystem, saw volatile swings following the announcement, dipping 1.5% before rallying 3.5% higher. "We really set out to build something that could combine the best of both traditional finance with its incredible deep liquidity and investor protections with all the benefits of DeFi with its open access and innovation and new primitives," Ian De Bode, chief strategy officer at Ondo, said during a presentation at the Ondo Summit in New York City on Thursday. "However, as we set out on this mission, we realized that the necessary conditions to really bring together really did not exist. The infrastructure to bring these two together really was not present" The announcement comes the day after Ondo unveiled a tokenization platform that helps place stocks, bonds and funds on blockchain rails. Allman said that he believes that with a new administration in place, it could take two to three years to achieve meaningful adoption for tokenized real-world assets. Tokenization, or the creation of digital tokens that represent ownership of traditional assets on a blockchain, is gaining traction globally. Institutions and even governments are increasingly exploring the process in pursuit of operational efficiency gains like speedier settlements and broader investor accessibility. The tokenized RWA market could grow to trillions of dollars through this decade, reports from McKinsey, BCG, 21Shares and Bernstein have projected. Recently, several influential leaders in the financial world touted tokenized RWAs as the next frontier of financial innovation. Larry Fink, CEO of asset management behemoth BlackRock, said bonds and stocks will be traded on blockchain rails in the future and urged U.S. regulators and policymakers to create rules for security tokens. Vlad Tenev, co-founder and CEO of digital brokerage Robinhood, said tokenization could democratize access to private equity investment, which is currently limited to accredited investors and wealthy individuals, and proposed rule changes to unlock tokenized asset investments for retail investors. Ondo Finance is the second largest issuer of tokenized U.S. Treasuries offerings, according to data. The protocol's U.S. Dollar Yield (USDY) and Short-Term US Government Bond (OUSG) tokens stand at $385 million and $268 million market capitalization, respectively. UPDATE (Feb. 6, 2025, 15:36 UTC): Adds quotes and ONDO price move. Sign in to access your portfolio
