Nikolas Sargeant
On Thursday, the Ondo Finance team announced via X that Real 24/7 trading is now live on Solana. Thanks to this latest development, millions of Solana users can now tap into real market liquidity anytime with Ondo tokenized stocks, even at size.
Ondo's 24/7 liquidity model supports actual minting & redemptions for tokenized stocks at the current market price around the clock.
SPYon, QQQon, CRCLon, NVDAon, TSLAon, and GOOGLon are live now with more assets coming soon.
Ondo (ONDO) stands as a beacon in the realm of decentralized finance, aiming to democratize access to institutional-grade financial services. Founded in 2022 and based in the Cayman Islands, Ondo operates through a unique ecosystem that bridges traditional finance with blockchain technology.
The Ondo Foundation collaborates closely with Ondo Finance, its commercial partner, to support decentralized protocols and the tokenization of real-world assets.
The ONDO token, sold to over 18,000 individuals in mid-2022, plays a pivotal role within this ecosystem. It serves as a governance token within the Ondo Finance decentralized autonomous organization (DAO), granting holders specific rights related to Flux Finance, which is governed by the Ondo DAO.
This governance structure empowers ONDO token holders to influence the direction and policies of the DAO, ensuring that the mission of democratizing finance remains at the forefront.
Flux Finance, a key component of the Ondo ecosystem, benefits from the oversight and governance provided by ONDO token holders. This decentralized approach ensures that decisions are made transparently and in the best interest of the community.
The Ondo Foundation's commitment to supporting decentralized protocols and tokenized assets further solidifies its role as a transformative force in the financial landscape.
ONDO, the native coin of Ondo Finance, is up 0.75% in the last 24 hours and is now trading at $0.3216.
