Finance platform Ondo Financehas made a significant achievement by officially announcing its expansion into Asia Pacific in the region. On the other hand, the company did not disclose the country or city where the office was opened.
Tokenized Real World Assets platform Ondo Finance currently holds 40% of the global market share with three main tokenized product offerings: OUSG, OMMF and USDY. These products enable investors globally to access key US-based asset classes in tokenized form.
Ondo Finance has opened its Asia Pacific office to lead expansion efforts and appointed Ashwin Khosa as Vice President of Business Development for the region. Mr., who previously worked at Citi, Tether and Bitfinex. “I look forward to working closely with partners in the region to help investors access this next generation of high-quality assets,” Khosa said in a press release shared with Cryptonews.
Ondo founder and CEO Nathan Allman shared his excitement about the expansion, stating,
“We are very excited about our expansion into APAC. An active and rapidly growing crypto- community and they appreciate the type of high-quality exposure to US assets that our tokens provide.”
Ondo Finance has teamed up with Mantle Network to introduce USDY, an innovative tokenized banknote backed by U.S. Treasury securities and bank deposits.
Koinfinans.com It’s also worth noting that Ondo expanded its reach by launching USDY on the Solana blockchain in December, as we reported.