What is Ondo (ONDO)? How Does It Work?

With the rise of cryptocurrencies, we have witnessed how tokens on the blockchain can offer highly practical and efficient solutions. Tokenization initiatives launched for this purpose aim to represent physical and digital assets in the form of tokens, making them more efficient. Ondo (ONDO) is a tokenization infrastructure that focuses on the tokenization of financial products, aiming to bridge traditional finance with the cryptocurrency ecosystem. In this article, you will find the answers to your questions about Ondo (ONDO), such as What is Ondo (ONDO)?, How does Ondo (ONDO) work?, What is ONDO coin?, How to buy ONDO token?, and How to store ONDO coin?

What is Ondo (ONDO)?

Ondo is an infrastructure that aims to provide a professional tokenization (RWA) platform. On the Ondo platform, users can buy and sell tokens representing stablecoins and various funds. What sets Ondo apart from other similar tokenization projects is its compliance with regulations. Although cryptocurrencies have been around for some time, trading cryptocurrencies has not always been feasible for institutional investors. Due to the standards and restrictions brought about by regulations, even if institutions want to engage with cryptocurrencies, they often have to postpone their plans as requirements are not met.

Since Ondo ensures full compliance with regulations, it allows institutional and individual investors to interact with cryptocurrencies without facing any limitations.

On the Ondo platform, USDY is a stablecoin native to the platform. A portion of this stablecoin’s reserves is held in short-term U.S. Treasury bonds, and the passive income generated from these bonds is distributed to USDY holders.

Another popular product on Ondo is OUSG, which is backed by U.S. Treasury bonds. In March 2024, $95 million in OUSG was transferred to the BUIDL fund, which was tokenized by Wall Street giant BlackRock. The fund represented by the BUIDL token includes cash, treasury bonds, and repo agreements.

As seen, Ondo serves as a bridge for traditional financial products such as treasury bonds and funds to be traded in the cryptocurrency ecosystem in a regulated manner. For this reason, while some products are open to the public, others are only accessible to professional investors.

How Does Ondo (ONDO) Work?

Ondo’s core principle is compliance with regulations. To align with this principle, Ondo’s infrastructure ensures that assets traded on the platform are held in a regulated custodial structure. Every asset traded on Ondo has a corresponding reserve, guaranteeing its backing.

The assets held by Ondo on behalf of its users are independent of any bankruptcy process. This standard, imposed by regulatory requirements, ensures that even if Ondo or its partners were to face bankruptcy or become unable to provide services for any reason, users’ assets would remain untouched, and they would still have access to them.

Get to Know Ondo

• Ondo was founded in 2021 by Nathan Allman.
• Ondo is a tokenization (RWA) platform.
• Ondo offers a regulatory-compliant infrastructure, inclusive of institutional investors.
• Ondo supports Ethereum, Solana, and Cosmos blockchains.
• ONDO token is Ondo’s native cryptocurrency.
• The ONDO coin grants voting rights on changes related to the Ondo platform.
• Ondo is built on the ERC-20 token standard.
• The maximum supply of ONDO is capped at 10,000,000,000.
• To access the Ondo website, click here, and for more detailed information, click here.

How to Store Ondo (ONDO)?

The ONDO cryptocurrency can be stored in web, browser, desktop, mobile, and hardware wallets that support the Ethereum network.

How to Buy and Sell Ondo (ONDO)?

To buy and sell Ondo (ONDO) with Turkish Lira or Tether (USDT), you can use the BtcTurk | Kripto website or the BtcTurk | Kripto mobile app. If you are not a member of BtcTurk | Kripto, you can sign up immediately on our website or mobile application and buy Ondo (ONDO). You can deposit Turkish Lira 24/7 using one of our seven affiliated banks.