Ondo Finance, a prominent player in the world of onchain finance, has set its sights on expanding its global footprint with the inauguration of its first office in the Asia Pacific (APAC) region. The move comes as Ondo seeks to tap into the escalating interest in digital assets within Asia Pacific, driven by a flourishing crypto community, evolving regulatory frameworks, and an increasing appetite for exposure to US-based assets.
The company currently offers three tokenized products: OUSG, providing investors with exposure to US Treasuries; OMMF, which offers exposure to US money market funds; and USDY, designed to serve as a yield-bearing alternative to traditional stablecoins. These products collectively enable investors from around the world to gain exposure to key US asset classes in a tokenized format.
Ondo Finance has already established itself as a leader in the field of tokenized securities, commanding nearly 40% of the global market share. Its strategic move into the Asia Pacific aligns with the region’s vast wealth and diverse investor base, making it a well-timed expansion.
To facilitate this expansion, Ondo has officially opened its Asia Pacific office and has appointed Mr. Ashwin Khosa as Vice President of Business Development for the region.
Mr. Khosa brings nearly a decade of institutional business development experience in Hong Kong, having previously worked at renowned financial institutions including Citi, Tether, and Bitfinex. His extensive background in onchain finance and deep knowledge of the Asia Pacific market positions him as a valuable asset to Ondo Finance’s ambitions in the region.
Mr. Khosa expressed his enthusiasm about joining Ondo, stating, “The team is top-notch, and the mission of bringing real-world assets onchain is extremely important. I look forward to working closely with partners in the region to help investors gain access to this next generation of high-quality assets.”
Nathan Allman, the founder and CEO of Ondo Finance, shared his excitement about the company’s expansion, saying, “We’re very excited about our expansion into APAC. There is an active and rapidly growing crypto community, and an appreciation for the type of high-quality exposure to US assets that our tokens provide.”
This significant announcement follows a series of recent milestones for Ondo, including the release of its strategic roadmap, which outlines the company’s vision for the industry’s current state and its high-level plans for the next 24 months.
In addition to Ondo’s own developments, several key players in the Ondo Ecosystem have made notable announcements recently:
- Mantle and Solana have announced partnerships with Ondo Finance, aiming to integrate USDY into their respective blockchain networks.
- The Ondo Foundation has introduced a points program and proposed a mechanism to unlock its ONDO token, reinforcing its commitment to building a robust and sustainable ecosystem around Ondo Finance’s offerings.
With its strategic expansion into Asia Pacific, Ondo Finance continues to assert its position as a pioneer in the world of tokenized securities, poised to capitalize on the surging interest in digital assets across the region. As the company leverages its expertise and partnerships, it remains one to watch in the evolving landscape of onchain finance.
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