Ondo

Ondo (ONDO) is the governance token of the Ondo ecosystem, a project focused on bringing institutional-grade finance and tokenized real-world assets on-chain. ONDO holders help govern the Ondo DAO, which oversees Flux Finance, described as the first lending protocol that supports tokenized securities as collateral. Ondo sits at the center of crypto's fast-growing real-world-asset (RWA) sector.

What is Ondo?

The Ondo Foundation was established in 2022 as an independently governed, nonprofit Cayman Islands foundation with no beneficial owners. It helped launch the Ondo DAO, a decentralized organization that deployed and now governs Flux Finance. The mission is to democratize access to institutional-grade financial products, tokenizing assets such as securities so they can be used within DeFi. ONDO is the token that lets the community steer this effort.

How does Ondo work?

ONDO is an Ethereum-based token, so it inherits Ethereum's proof-of-stake security. Its role is governance: holders are entrusted with shaping the future of the Ondo DAO and hold specific rights relating to Flux Finance, the lending protocol at the heart of the ecosystem. Flux Finance allows tokenized securities to serve as collateral, connecting traditional financial instruments to on-chain lending markets.

Ondo tokenomics and supply

ONDO has a maximum supply of 10,000,000,000 tokens, with roughly 4.87 billion currently in circulation. As with many governance tokens, a meaningful portion of the supply may still be subject to vesting and future release, so watching unlock schedules is prudent. The 2022 founding date makes Ondo relatively young among top-50 assets.

• Maximum supply: 10,000,000,000 ONDO
• Circulating supply: about 4.87 billion ONDO
• All-time high near $2.14; all-time low around $0.082

What is Ondo used for?

ONDO's core use is governance over the Ondo DAO and its associated protocols, particularly Flux Finance. More broadly, the token is widely held as exposure to the real-world-asset narrative, the tokenization of securities, treasuries and other traditional instruments, which has attracted backing from investors including Coinbase Ventures and Pantera Capital.

Where to buy Ondo

ONDO is listed on many major exchanges; our best crypto exchanges ranking helps you compare fees, liquidity and regional access. As an Ethereum token, it can be held in standard self-custody wallets, and our best crypto wallets guide covers options that connect to DeFi so you can participate in governance directly.

Is Ondo a good investment?

Ondo benefits from strong interest in tokenized real-world assets, and its sentiment readings have been notably positive. That said, the RWA space is still maturing, faces significant regulatory questions around tokenized securities, and the token's large remaining supply could create sell pressure as it unlocks. Treat ONDO as a bet on the RWA thesis rather than a sure thing, research thoroughly, and note that this is not financial advice.