Ondo Finance Raises the Bar for RWA Platforms, Hits $600M TVL

Ondo Finance surpasses $600M in Total Value Locked (TVL) across its yield-bearing products.
USDY and OUSG drive Ondo Finance’s success, securing $384M and $221M in TVL respectively.
Ondo Finance’s valuation nears $1B as it leads the tokenized treasury market in the RWA sector.

Ondo Finance has hit a significant milestone, surpassing $600 million in Total Value Locked (TVL) across its yield-bearing products. The platform now holds $384 million in USDY and $221 million in OUSG, solidifying its position as a leading issuer of tokenized treasuries. Ondo Finance shared the announcement in a recent post, celebrating this achievement as it continues to lead in the Real-World Asset (RWA) sector.

Celebrating a new milestone! Ondo Finance has surpassed $600M in Total Value Locked (TVL) across our yield-bearing products:
• USDY: $384M
• OUSG: $221M
We’re proud to be the first issuer of tokenized treasuries to achieve this milestone pic.twitter.com/BEGdkLW9o0
— Ondo Finance (@OndoFinance) September 3, 2024

Launched in January 2024, Ondo Finance has quickly become a major player in the Real World Assets (RWA) sector. With a current market cap approaching $1 billion…

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Source: https://coinedition.com/ondo-finance-raises-the-bar-for-rwa-platforms-hits-600m-tvl/