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Ondo Finance

Leading tokenized US Treasury platform offering USDY and OUSG products for institutional and retail access to Treasury yields on-chain.

Founded

2021

Headquarters

New York, USA

Regulatory

Reg D/Reg S exempt offerings

## Overview

Ondo Finance is a pioneering platform in the tokenized real-world assets (RWA) space, specializing in bringing US Treasury exposure on-chain. Founded in 2021, Ondo has quickly become one of the largest issuers of tokenized Treasury products, with their USDY (US Dollar Yield) token becoming a cornerstone product for DeFi protocols seeking stable, yield-bearing assets.

Key Products

USDY (US Dollar Yield)

USDY is a tokenized note secured by short-term US Treasuries and bank demand deposits. It offers holders daily accruing yield while maintaining a stable value against the US dollar. USDY is designed for non-US persons and entities.

OUSG (Ondo US Government)

OUSG provides exposure to short-term US Treasuries through a tokenized fund structure. It's designed for institutional investors seeking compliant on-chain Treasury exposure.

API Capabilities

Ondo provides comprehensive API access for integrators:

  • **REST API**: Full programmatic access to mint/redeem operations
  • **WebSocket feeds**: Real-time price and yield data
  • **SDK support**: JavaScript/TypeScript SDK for rapid integration
  • **Webhook notifications**: Event-driven updates for compliance workflows

    • Integration Requirements

    Integrating with Ondo typically requires:

  • KYB/KYC verification for your platform
  • API key provisioning
  • Smart contract integration for on-chain operations
  • Compliance workflow implementation

    • Chains Supported

    Ondo tokens are available on multiple chains:

  • Ethereum (primary)
  • Solana
  • Mantle
  • Sui
  • Aptos

    • Regulatory Framework

    Ondo operates under a carefully structured legal framework:

  • USDY is issued by Ondo USDY LLC, a special purpose vehicle
  • Products are offered under Regulation D and Regulation S exemptions
  • Regular third-party attestations published

    • How Fensory Connect Integrates with Ondo

    Fensory Connect provides a unified API layer that simplifies Ondo integration:

  • **Single API**: Access USDY and OUSG alongside other RWA products
  • **Unified compliance**: Streamlined KYC/KYB across multiple issuers
  • **Cross-chain support**: Mint and manage positions across all supported chains
  • **Real-time data**: Aggregated yield and TVL data in standardized format

    • Frequently Asked Questions

    What is Ondo Finance?

    Ondo Finance is a leading tokenized real-world assets platform that brings US Treasury exposure on-chain through products like USDY and OUSG.

    How do I integrate with Ondo API?

    Integration requires KYB verification, API key provisioning, and smart contract integration. Fensory Connect simplifies this with a unified API layer.

    What chains does Ondo support?

    Ondo tokens are available on Ethereum, Solana, Mantle, Sui, and Aptos.

    Live Data

    via DefiLlama

    Yield data from DefiLlama. Rates are indicative and subject to change. Verify current rates directly with Ondo Finance.

    Key Products

    USDYOUSG

    Supported Chains

    EthereumSolanaMantleSuiAptos

    API Features

    • REST API
    • WebSocket
    • SDK
    • Webhooks

    Integrate via Fensory Connect

    Access Ondo Finance and 50+ other issuers through a single API.

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