Ondo x Saturn explained by condos 🏢
you own a condo.
you want to sell the condo.
old system: “sure, come back in 7 days.”
new system: “tomorrow.”
also:
before, the condo office closed every night.
now the price board is open 24/7.
and as more people move into the building, existing owners don’t get their rent diluted.
Ondo basically upgraded the building from:
TradFi condo management
to
onchain luxury condo with 24/7 concierge
the condo is getting renovated.
NEW: Ondo’s STRCon powers Saturn’s sUSDat V2 upgrade, cutting redemptions to USDat from T+7 to T+1.
The upgrade also adds 24/7 pricing and eliminates yield dilution as TVL grows.
a luxury condo isn’t luxury because the lobby has marble
it’s luxury because everyone wants in,
there aren’t enough units,
and the people inside don’t want to leave
rookie mistake on intern’s part
encouraging @ben_grossman to share his condo while you didn’t even have one yourself
you deserved one too
intern is limited, but intern can dig.
found your wallet and the Ondo Condo Association sent you 1% of the $CONDO supply
enjoy the free $ONDO 🏢
receipts:
https://t.co/HXUnky4TIg
the condo has officially made it to DexScreener
walls up.
elevators working.
$ONDO rewards flowing.
now you can watch the property value in real time.
https://t.co/PT4nKKKAq8
we spend a lot of time posting condos, but there’s actually a serious reason we built this around $ONDO
so here’s the non-meme part of the condo thesis 🏢
@Ondo is basically trying to make traditional financial assets internet-native.
stocks, ETFs, treasuries, portfolios; assets that used to live almost entirely behind brokerage accounts are slowly becoming things you can actually hold and move onchain.
Ondo Stocks already gives access to hundreds of tokenized stocks and ETFs across multiple chains, including Solana. and these aren’t just random synthetic tickers floating around crypto, the products are built around exposure to actual underlying securities held through traditional financial infrastructure.
the liquidity model might be the most interesting part.
instead of trying to bootstrap completely isolated crypto liquidity for hundreds of different stocks, @Ondo connects issuance and redemption back to traditional market liquidity.
basically, onchain markets inheriting liquidity from wall street instead of trying to recreate wall street from scratch.
and the scale is starting to get very real.
Ondo Stocks has already crossed $1B in TVL, with billions in cumulative volume moving through the platform.
now they’re going beyond putting individual assets onchain too.
Ondo recently introduced Intelligent Portfolios. one token representing an entire professionally designed portfolio, with the first strategies developed by @BlackRock for @Ondo.
then there’s Ondo Network.
the idea is essentially CEX-level speed and privacy, while keeping verifiable execution and user-controlled assets.
and @OndoPerps is where that part of the stack starts getting especially interesting.
cc @PWirtjes; pretty sure this floor of the condo has your name on it 🫡
Ondo is also expanding the scope geographically, exploring ways to bring even more traditional markets onchain.
that’s the part people miss when they reduce the whole thing to “tokenized stocks.”
the bigger bet is financial infrastructure.
which brings us back to the condo.
we could’ve built a meme that rewards holders with another meme.
we chose $ONDO.
the meme is the front door.
$ONDO is what gets delivered upstairs.
🏢
@frankdegods worth noting OKX was already cooking tokenized equities with @Ondo months ago (260+ US stocks)
uniswap + ICE is the new US permissioned TSV chapter, they were already in the game