Ondo Finance, a US-based issuer of tokenized securities, announced today opening its first office in the Asia Pacific region.
The company, which claims to have captured nearly 40% of the global market share of tokenized securities, currently offers three tokenized products: OUSG, OMMF and USDY – which allows exposure to US-domiciled asset classes such as US government bonds and money market funds.
“There is an active and rapidly growing crypto community and appreciation for the kind of high-quality exposure to US assets that our tokens provide,” Nathan Allman, founder and CEO of Ondo, said in the press release.
Ondo has appointed Ashwin Khosa, who had worked for Tether and Bitfinex, as vice president of business development for the APAC region.
In November Ondo and the Mantle Network launched USDY, a tokenized banknote secured by US government bonds and bank deposits. Ondo also launched USDY on Solana in December, according to his X after.
Ondo did not specify the location of its APAC office in the statement. It did not immediately respond to The Block’s request for comment.
About the author
Danny Park is an East Asian reporter at The Block who writes about topics such as Web3 developments and crypto regulations in the region. He was formerly a reporter at Forkast.News, where he actively covered the demise of Terra-Luna and FTX. Based in Seoul, Danny has previously written and produced video content for media companies in Korea, Hong Kong and China. He holds a bachelor’s degree in journalism and business marketing from the University of Hong Kong.
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