Ondo

About Ondo

Ondo is a cryptocurrency associated with the Ondo Foundation, a nonprofit Cayman Islands Foundation Company established in 2022. The foundation assisted in launching the Ondo DAO, which governs Flux Finance, a lending protocol that supports tokenized securities as collateral. ONDO token holders have governance rights within the Ondo DAO, enabling them to shape the protocol's future and its mission to democratize access to institutional-grade finance.

• The Ondo Foundation is a nonprofit entity with no beneficial owners.
• Flux Finance is the first lending protocol to support tokenized securities as collateral.
• ONDO token holders govern the Ondo DAO, which oversees Flux Finance.
• Ondo is categorized under Real World Assets (RWA) and Decentralized Finance (DeFi).
• The project is backed by Coinbase Ventures and Pantera Capital.