Ondo Finance, a leading player in onchain finance, announced its expansion into the Asia Pacific region by opening its first office there. Ondo currently offers three tokenized products: OUSG, providing exposure to US Treasuries; OMMF, providing exposure to US money market funds; and USDY, providing a yield-bearing alternative to conventional stablecoins.
Already the leading provider of tokenized securities with nearly 40% of the global market share, Ondo’s expansion into Asia Pacific coincides with the region’s growing interest in digital assets, spurred by factors like a thriving crypto community, evolving regulatory landscapes, and increasing interest in exposure to US assets. These factors, coupled with the region’s vast wealth and diverse investor base, make Ondo’s expansion into the region timely.
To facilitate this expansion, Ondo announced its APAC office’s opening today and Mr. Ashwin Khosa’s appointment as Vice President of Business Development in the region.
With nearly ten years of Hong Kong-based institutional business development experience at Citi, Tether and Bitfinex, Mr. Khosa brings to Ondo both substantial understanding of onchain finance and deep knowledge of the Asia Pacific market.
“I’m thrilled to be joining the Ondo team and building out our presence in APAC,” said Mr. Khosa. “The team is top-notch and the mission of bringing real world assets onchain is extremely important. I look forward to working closely with partners in the region to help investors gain access to this next generation of high-quality assets.”
“We’re very excited about our expansion into APAC,” said Nathan Allman, founder and CEO of Ondo. “There is an active and rapidly growing crypto community and an appreciation for the type of high-quality exposure to US assets that our tokens provide.”
Founded in 2021, Ondo Finance is a US-based technology company focused on making institutional-grade financial products and services available to everyone. Ondo focuses both on the tokenization of securities as well as on the development of decentralized protocols that improve the utility and distribution of those tokens. Ondo’s leadership formerly ran the Goldman Sachs Digital Assets team, Ondo works with institutional partners like Blackrock and Morgan Stanley, and Ondo is backed by top VCs including Founders Fund, Pantera Capital, and Coinbase Ventures.