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January 23, 2024

Ondo Finance soars into APAC with tokenised products on offer.

The on-chain finance firm Ondo Finance is expanding into the Asia Pacific region, offering its tokenised products to investors in the area. The firm currently offers three tokenised products: OUSG, which provides exposure to US Treasuries; OMMF, which provides exposure to US money market funds; and USDY, which offers a yield-bearing alternative to stablecoins. The expansion comes as the region shows increasing interest in digital assets, driven by a thriving crypto community, evolving regulatory landscapes, and growing demand for exposure to US assets. To facilitate the expansion, Ondo has opened an APAC office and appointed Ashwin Khosa as vice president of business development in the region. Khosa brings nearly 10 years of institutional business development experience in Hong Kong, having previously worked at Citi, Tether, and Bitfinex. The expansion follows several recent milestones for Ondo, including the launch of the Ondo Points program and partnerships with Mantle and Solana.