Ondo Finance

Ondo Finance is a leading real-world asset tokenization platform bringing US Treasury bills, money market funds, and short-duration government bonds on-chain, creating a new asset class of compliant, yield-bearing tokenized securities accessible to both institutional and DeFi participants. Founded in 2021 and backed by Pantera Capital, Coinbase Ventures, and Tiger Global, Ondo has grown into one of the most prominent players in the rapidly expanding tokenized RWA sector. Ondo flagship products include OUSG, a tokenized fund holding BlackRock iShares Short Treasury Bond ETF, and USDY, a yield-bearing stablecoin collateralized by US Treasuries and bank deposits that generates real-world yield for holders.

Real-world asset perpetual futures on Hyperliquid use HIP-3 infrastructure to create on-chain markets for commodities, indices, and other traditional assets. Ondo Finance operates in this category where traders can access non-crypto exposure through Hyperliquid's native order book with the same sub-second settlement and deep liquidity as crypto perps.