OndoONDO

Ondo (ONDO) is the governance token of the Ondo DAO, which is connected with Ondo Finance, a company that brings real-world financial assets, such as US Treasurys, onto blockchains. Ondo Finance was founded in 2021 by Nathan Allman, who previously worked at Goldman Sachs. ONDO became freely transferable in January 2024 after a vote by the Ondo DAO. ONDO is separate from the products that Ondo Finance offers, which are backed by financial assets.

Ondo Finance's products include OUSG, a tokenized fund that holds short-term US government Treasurys and is aimed at qualified and institutional users, and Ondo US Dollar Yield (USDY), a tokenized note secured by Treasurys and bank deposits. Through Ondo Global Markets, it also offers tokenized versions of US stocks and exchange-traded funds to users outside the United States. ONDO is used to govern the Ondo DAO and the Flux Finance lending protocol.

ONDO has a supply of 10 billion tokens, and according to the project's documentation, there is no planned inflation. Part of the supply is released on a vesting schedule, so the circulating supply grows over time. Current circulating and total supply figures are shown at the top of this page.

ONDO rose in 2024 as interest in tokenized real-world assets grew, and it reached a high of about $2.14 in December 2024. You can see the all-time high and the full price history on the chart above.

Cointelegraph's Ondo price index gives you the current ONDO to USD price and the numbers behind it: market cap, 24-hour volume, all-time high and year-to-date performance. Explore the price chart across six timeframes and use the ONDO to USD converter for quick calculations. For market updates, see our markets news page.