Tokenized Real-World Assets Platform Ondo Finance Expands into Asia Pacific
Ondo Finance, the platform for tokenized real-world assets, has officially announced its expansion into the Asia Pacific region. The company has opened its first office in the area, although the specific location has not been disclosed.
Ondo Finance currently dominates 40% of the global market share with its three main tokenized products: OUSG, OMMF, and USDY. These products provide investors worldwide with access to key US-based asset classes in tokenized form.
Appointment of Vice President for Business Development
In order to lead its expansion efforts, Ondo Finance has appointed Mr. Ashwin Khosa as the Vice President of Business Development for the Asia Pacific region. Mr. Khosa brings extensive experience from his previous roles at Citi, Tether, and Bitfinex.
In a press release, Mr. Khosa expressed his enthusiasm for working with partners in the region to provide investors with access to high-quality assets through Ondo Finance’s tokens.
Excitement about APAC Expansion
Nathan Allman, founder and CEO of Ondo Finance, shared his excitement about the company’s expansion into the Asia Pacific region. He highlighted the active and rapidly growing crypto community in the area and their appreciation for the platform’s tokens that offer exposure to US assets.
Collaboration and Solana Blockchain Integration
Ondo Finance collaborated with the Mantle Network to introduce USDY, an innovative tokenized note backed by U.S. Treasuries and bank deposits. Additionally, Ondo expanded its reach by launching USDY on the Solana blockchain in December.
Hot Take: Ondo Finance Expands into Asia Pacific
Ondo Finance has made a significant move by expanding its operations into the Asia Pacific region. By opening its first office in the area, the company aims to cater to the growing demand for tokenized real-world assets among investors in this region. With its three main offerings, OUSG, OMMF, and USDY, Ondo Finance provides global investors with convenient access to US-based asset classes in tokenized form.
With the appointment of Ashwin Khosa as Vice President of Business Development for Asia Pacific, Ondo Finance is well-positioned to establish partnerships and facilitate investor access to high-quality assets. This expansion highlights the company’s commitment to meeting the needs of the active and rapidly growing crypto community in the region.
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