Leading US-based tokenized securities provider, Ondo Finance, has revealed plans to expand into the Asia-Pacific (APAC) region, marking a significant milestone in its mission to meet the rising demand for US asset exposure through tokenized products.
Ondo's APAC Milestone
With nearly 40% of the global market share, Ondo Finance's expansion into the APAC market is a strategic move. The new APAC office aims to leverage its strong presence in tokenized securities, offering innovative products such as OUSG, OMMF, and USDY.
Innovative Offerings for Investors
OUSG provides exposure to US Treasuries, OMMF to US money market funds, and USDY offers a yield-bearing alternative to traditional stablecoins. These products enable investors to access US Treasuries and money market funds.
Founder's Perspective on APAC Expansion
Nathan Allman, the founder and CEO of Ondo Finance, emphasized the active and growing crypto community in Asia, highlighting the region's appreciation for high-quality US asset exposure.
"We're very excited about our expansion into APAC. 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," Allman said.
Strategic Planning for Market Expansion
Ondo Finance strategically planned its expansion into new markets, aligning with the forecasted boom in asset tokenization. Outlier Ventures' prediction suggests that the market for real-world asset tokenization could reach $10 to $15 trillion by the end of the decade.
Wide-ranging Impact of Tokenization
Jasper De Maere, research lead at Outlier Ventures, highlighted the transformative potential of tokenization across various sectors, including financial markets, manufacturing, healthcare, and infrastructure.
"You have the likes of Franklin Templeton, for example. They're tokenizing debt and treasury, and they're putting them on chain for execution efficiencies and transparency gains," De Maere explained.
Tokenization Benefits and Ondo Finance's Alignment
De Maere outlined the benefits of tokenization, such as increased accessibility and liquidity for financial products, real estate, and art, coupled with enhanced transparency and security through blockchain technology. These advantages align with Ondo Finance's objectives and financial services approach.
HTX's Contribution to Growing Interest
Ondo's expansion coincides with HTX's launch of ONDO/USDT perpetual futures, indicating the increasing interest and acceptance of tokenized securities in financial markets.
Ondo Finance's strategic expansion into the APAC region positions the company to tap into the growing demand for tokenized US assets. As the market continues to evolve, Ondo Finance aims to play a pivotal role in shaping the future of tokenized securities.