Wall Street 2.0 Is Coming
The next era of finance will be revealed at our first-ever Ondo Summit. We can’t wait to show you what’s next.
Save the date at https://t.co/RWLSo23v9H
Exciting energy here at @CoinDesk's #Consensus2024 in #Austin! We kicked off the conference this morning -- standing room only -- with our panel on #tokenization and #RWAs. Second @OndoFinance panel this afternoon on what's next for #TradFi, the good, the bad, and the ugly.
I don't tweet much. This #token2049 conference is LEGENDARY. Many didn't make it here -- for real reasons -- rockets, drones, rains, floods. Those of you who found a way no matter what -- the builders, the dreamers, the fixers -- I <3 you fam.
"We can all see the long term vision of tokenization. However, different actors have different timing. Governments and banks have their timing. Startups needs to find quicky product-market fit. Hence, we have selected a focused approach" @JustinUS
Friends been asking me what will be the catalyst for the next crypto bear market crash.
Restaking tokens getting leveraged?
BTC Layer2 shennanigans?
Ethena depegging?
Nope, none of these.
It'll be the cats and dogs.
You think I'm April fooling but..
We’re thrilled to announce that Ian De Bode has joined @OndoFinance as our new Chief Strategy Officer. As the former @McKinsey head of digital assets, Ian brings extensive experience.
https://t.co/favPFP7Tbk
"I am honored to join Ondo Finance at this pivotal juncture," expressed Mr. De Bode. "As we witness the dawn of tokenization reshaping the financial landscape to be more inclusive, transparent, and efficient, I am excited to contribute my expertise. Institutional interest is at a turning point, and I am excited to strengthen new and existing institutional relationships and further advance Ondo's visionary product suite."
"We are thrilled to welcome Ian to our team," stated @nathanlallman, CEO and Founder of Ondo Finance. "With his outstanding track record and forward-thinking approach to onchain finance, Ian brings a wealth of expertise that will undoubtedly catalyze transformative growth for an exciting new initiative and the broader ecosystem.”
Welcome, Ian!
This latest announcement follows a series of significant hires made by Ondo in the first quarter of this year. Notably, Chris Tyrrell, former @GoldmanSachs Head of Digital Assets Compliance, joined as Chief Risk and Compliance Officer, while Ashwin Khosa, previously of Institutional BD at @tether, assumed the role of VP of Business Development, and @KatieAWheeler, a former @BlackRock VP and @circle’s Director of Business Development in Web3, joined as VP of Partnerships.
#RWA platform @OndoFinance plans to move $95 million of assets to BlackRock's tokenized fund to back its $OUSG token, aiming to boost redemption time, CEO @nathanlallman told CoinDesk.
by @sndr_krisztian
https://t.co/DlrTxBpFf3
📢 OUSG will soon offer 24/7/365 subscriptions and redemptions via USDC and transition its backing predominantly into the newly launched @BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
https://t.co/qXmC3Y3adm
Registration w @FinCENnews is an important regulatory and strategic milestone and the latest demonstration of Ondo’s continuous commitment to building and operating a compliant and secure tokenization ecosystem together with regulators, users, and other partners.
📣 Ondo Finance is delighted to announce that its affiliate, Ondo USDY LLC (“USDY”), has successfully registered as a Convertible Virtual Currency Administrator and Money Services Business with the Financial Crimes Enforcement Network (“FinCEN”) in the United States. 📣
📝 Registration as a Convertible Virtual Currency (“CVC”) Administrator is an important milestone in USDY’s regulatory strategy and demonstrates Ondo’s commitment to building a compliant and secure tokenization ecosystem along with regulators, users, and ecosystem partners.
💼 CVC Administrators have had to register as Money Services Businesses with FinCEN since the publication of FinCEN’s guidance on the “Application of FinCEN's Regulations to Persons Administering, Exchanging, or Using Virtual Currencies” over 10 years ago.
🗣 “We are proud to be a compliant CVC Administrator and Money Services Business under FinCEN’s jurisdiction,” said @nathanlallman, CEO of Ondo Finance. “We have made regulatory compliance a leading priority in the design and development of our products,” he added.
🤝 As a Money Services Business registered with FinCEN, USDY operates anti-money laundering (AML) and know your customer (KYC) programs that verify customer identities, maintain transaction records, and report suspicious transactions. Ondo selected @chainalysis, the leading blockchain analytics firm, as its compliance technology provider to monitor onchain data for purposes of its AML program.
🗣 “The US leads the world in the development of regulated markets, and FinCEN is a core institution at the center of that activity,” said Ondo’s Chief Risk and Compliance Officer Chris Tyrrell, adding, “In our own small way, we are joining FinCEN’s mission to combat money laundering and related crimes including terrorism, safeguarding the financial system from illicit use.”
1/ 🚨 @OndoFinance is solving the RWA liquidity problem 🚨
Introducing Ondo Global Markets, a platform to bring all publicly traded securities onchain with native access to traditional securities exchange liquidity (e.g. Nasdaq/NYSE/LSE).
https://t.co/5NGN64cYPA
1/ We are excited to announce @OndoFinance's expansion into the Aptos ecosystem through a significant integration with Thala.
With this, USDY will be:
→ Launching in Thala’s AMM pools with deep liquidity.
→ Whitelisted as collateral for the MOD stablecoin.
🧵