CashboardReal-world assets · ONDO
Ondo (ONDO) live price dashboard
Ondo sits where crypto meets traditional markets. The board puts ONDO next to tokenized stock prices, which tend to move on the same news.
What is Ondo?
Ondo Finance tokenizes US Treasury exposure and US stocks. Its best-known products are USDY and OUSG, both built on short-term Treasuries, plus Ondo Stocks (launched as Ondo Global Markets), which gives users outside the US tokenized shares and ETFs. ONDO is the governance token.
Nathan Allman founded Ondo in 2021 after working on digital assets at Goldman Sachs. It started with tokenized Treasury products: OUSG for qualified investors and USDY, a yield-bearing dollar token for non-US holders. In September 2025 it launched Ondo Global Markets on Ethereum with about 100 tokenized US stocks and ETFs, then added BNB Chain in October 2025 and Solana in January 2026. By July 2026, when the product was renamed Ondo Stocks, it listed more than 430 assets and held over 1 billion dollars.
ONDO has a fixed supply of 10 billion, and a large share vests in cliffs. The January 18 unlock releases about 1.94 billion tokens at once, so traders mark that date every year. Roughly half the supply was unlocked by September 2026.
The SEC closed a two-year investigation into Ondo in November 2025 without charges. ONDO itself is a governance token and gives no claim on the yield of USDY or OUSG, so it trades on tokenization headlines more than on fund flows.
| Symbol | ONDO |
|---|---|
| Category | Real-world assets |
| CoinGecko id | ondo-finance |
| Price sources in Cashboard | CoinGecko |
| Wallet tracking | Watch-only, on Solana or an indexed EVM chain |
What do traders watch on ONDO?
- Ondo Stocks asset count and total value locked.
- The ONDO cliff unlock every January 18.
- US rules on tokenized securities, which decide who can buy them.
Where can you read more about Ondo?
Frequently asked questions
What is the max supply of ONDO?
ONDO has a fixed total supply of 10 billion tokens. About half was unlocked by September 2026, and the rest vests on a schedule with a large cliff every January 18.
What is the difference between USDY and OUSG?
Both give exposure to short-term US Treasuries, but they are sold to different people. OUSG is a tokenized fund for qualified investors, while USDY is a yield-bearing dollar token for non-US individuals and institutions.
Can I track ONDO without an account?
Yes. The ONDO board on this page runs in your browser and saves on your device. Prices come from CoinGecko. Paste a public Solana or EVM address into a watch-only Portfolio widget if you hold ONDO there.
Last reviewed . Market data in Cashboard comes from the providers named on each widget and may be delayed. Nothing here is financial advice.