Ondo Finance (ONDO) Price
Source mode: Binance public market data
Reference price
−0.77% in 24h
Market capitalization
$1.12B
24h trading volume
$10.45M
24h range
24h price trend
Hourly closes over the last 24 hours
About this asset
What is Ondo Finance?
ONDO is the governance token of the Ondo ecosystem, which issues tokenised versions of real-world financial assets such as US Treasury exposure and listed shares on public blockchains.
As of 5 November 2026 at 12:01 UTC, Ondo Finance (ONDO) was priced at $0.4005 (about ₹34.64), down 0.77% over 24 hours, according to Binance public market data. Its estimated market capitalisation was ₹9688.00 Cr. Prices differ between exchanges; confirm on your chosen venue.
- Ondo Finance founded
- 2021
- Founder
- Nathan Allman
- Max supply
- 10 billion ONDO
- Token standard
- ERC-20 on Ethereum
Bringing traditional assets on-chain
Ondo Finance was founded in 2021 by Nathan Allman, who previously worked on digital assets at Goldman Sachs. The company focuses on real-world assets: financial products that exist off-chain but are represented by tokens that can be held and transferred on blockchains.
Its products include OUSG, which gives qualified investors exposure to short-term US government bonds, and USDY, a yield-bearing token backed by short-term Treasuries and bank deposits. Through Ondo Global Markets it also offers tokenised exposure to US-listed stocks and exchange-traded funds for eligible investors outside the United States.
What ONDO does and does not represent
ONDO is a governance token. It was first used to govern Flux Finance, a lending protocol that accepts tokenised securities as collateral, and is overseen by the Ondo Foundation and Ondo DAO. The maximum supply is 10 billion tokens, with large portions allocated to ecosystem growth, the development team and early investors and released on a schedule.
Importantly, ONDO is not backed by the Treasuries or shares that sit behind Ondo's products. Holding it gives voting rights within the ecosystem, not ownership of underlying assets or a claim on fees earned by Ondo Finance. Its value therefore rests on the wider growth of the ecosystem rather than on any income stream.
ONDO and the tokenisation theme
ONDO is widely seen as a bet on tokenisation. News about regulatory approvals, partnerships with asset managers and growth in tokenised Treasuries tends to influence sentiment.
Scheduled unlocks add circulating supply, and the token can diverge from the steady value of Ondo's yield products, since those products are designed to be stable while ONDO trades freely.
Many of Ondo's products are restricted by investor type and location. OUSG, for example, is aimed at qualified investors, while USDY is not offered to US persons. Ondo has also announced plans for its own blockchain, Ondo Chain, intended for institutional tokenised assets.
Frequently asked questions
Is ONDO backed by US Treasuries?
No. Ondo's products such as OUSG and USDY are backed by real-world assets, but the ONDO token itself is a governance token without asset backing.
What is Ondo Finance?
Ondo Finance is a company that issues tokenised versions of traditional financial assets, such as government bond exposure and listed shares.
What is the maximum supply of ONDO?
ONDO has a maximum supply of 10 billion tokens, released gradually according to an unlock schedule.