#CryptoScamSurge A Bit of History: Ondo - the company was founded in 2021. Initially, the developers presented Ondo Finance as a Liquidity-as-a-Service (LaaS) protocol that provides the ability to lease liquidity for platforms in the decentralized finance sector. Ondo Finance is a system based on the concept of tokenized assets. The company purchases shares in well-known exchange-traded funds (ETFs) and then uses its platform for their tokenization. The price of each coin changes just like the value of the assets it represents.

As of March 2024, the platform offers 3 products: US Treasury Bonds (USDY), Debt Securities (OUSG), and Money Market Funds (OMMF). Operating as an open and decentralized bank, Ondo Finance bridges the DeFi and TradiFi sectors.

ONDO is a type of digital cryptocurrency that allows the creation of a modern asset through transactions between self-sufficient mining nodes and other technologies. Ondo is an open and decentralized investment bank that ensures and facilitates connections between various stakeholders in the emerging DeFi ecosystem, including DAOs, institutional, and retail companies.