News, data and analysis on tokenized assets, market design and digital economic systems.
Issuer of tokenized Treasury, dollar-yield and equity products, with $2.16bn in USDY reported on 25 July 2026, which took ownership of an SEC-registered broker-dealer, alternative trading system and transfer agent by acquiring Oasis Pro on 7 October 2025.
Issuer of tokenized Treasury, dollar-yield and equity products, with $409m in OUSG, $2.16bn in USDY and $1.02bn across more than 440 tokenized stocks reported on its site on 25 July 2026. It completed the acquisition of Oasis Pro on 7 October 2025, taking ownership of an SEC-registered broker-dealer, alternative trading system and transfer agent, and so holds the permissions needed to run a primary offering venue and a secondary market for tokenized securities in the United States. USDY is structured as a note secured by short-term Treasuries rather than as a registered fund, which is how it pays yield to bearers who transfer it permissionlessly; its tokenized equities are not offered to US persons.
Developments in which Ondo Finance is a named party, newest first.
Ondo Finance has replaced Ondo Chain, the institutional layer-1 it announced in February 2025, with an off-chain execution network that settles on public blockchains—a bet that what institutional tokenized markets lack is execution speed and privacy,…
Ondo Finance introduced the Ondo Network on 27 July 2026, an execution layer running trades inside secure hardware enclaves with asset transfers settling on public blockchains and a set of attestors verifying the code in use. It replaces Ondo Chain, the institutional layer-1 announced in February 2025, and carries the firm's perpetual futures venue as its first application.
What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.
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