Ondo Finance
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.
The profile
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.
Products and services
- OUSG
- Short-term US Treasury exposure with minting and redemption available continuously; $408.98m reported on 25 July 2026.
- USDY
- Transferable yield-bearing note secured by short-dated Treasuries and bank deposits; $2.16bn reported on 25 July 2026, of which about $529m sat on Stellar in June 2026.
- Ondo Stocks
- Tokenized public equities and ETFs, more than 440 instruments and $1.02bn reported on 25 July 2026, not available to US persons.
No development naming Ondo Finance has yet been filed against a primary source. The register entry stands so the institution, its jurisdiction and its products are on the record.