Ondo Finance Expands to Asia Pacific with New Office Opening
Ondo Finance, a U.S.-based issuer of tokenized securities, has announced the opening of its first office in the Asia Pacific region. The company currently offers three tokenized products that provide exposure to U.S.-based asset classes, including U.S. Treasuries and money market funds. Ondo claims to have occupied close to 40% of the global market share of tokenized securities.
Ashwin Khosa Appointed as Vice President of Business Development for APAC
Ashwin Khosa, who previously worked for Tether and Bitfinex, has been appointed as the vice president of business development for the Asia Pacific region at Ondo Finance.
Launch of USDY Tokenized Note and Expansion on Solana
In collaboration with the Mantle Network, Ondo Finance launched USDY, a tokenized note secured by U.S. Treasuries and bank deposits. In addition, Ondo expanded its offerings on Solana by launching USDY on the platform.
No Comment on APAC Office Location
Ondo Finance did not disclose the specific location of its Asia Pacific office in its statement. The company has not responded to requests for comment from The Block.
Hot Take: Ondo Finance Seizes Opportunities in the Asia Pacific Region
Ondo Finance’s expansion into the Asia Pacific region reflects the growing demand for tokenized securities and exposure to U.S.-based assets in this market. With its established market share and a range of tokenized products, Ondo is well-positioned to cater to the active crypto community in this region. The appointment of Ashwin Khosa, an industry veteran, further strengthens Ondo’s presence and expertise in the Asia Pacific market. As the company continues to innovate and expand its offerings, it is likely to capture a significant portion of the growing market for tokenized assets in the region.
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