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Ondo Finance expands footprint in Asia-Pacific with new office

By Gloria Mathias

February 01, 2024

  • APAC Expansion
  • APAC Fintech news
  • APAC news
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Ondo Finance, Fintech News, APAC News, APAC expansion, Onchain Finance, Newyork Fintech, APAC Fintech news, Ondo Finance, an onchain finance company, has announced its expansion into the Asia Pacific with the opening of its first office in the region.

Ondo currently offers three tokenized products: OUSG, providing exposure to US Treasuries; OMMF, providing exposure to US money market funds; and USDY, providing a yield-bearing alternative to conventional stablecoins. Together, they enable investors from around the world to gain exposure to key US-based asset classes in tokenized form.

Already the provider of tokenized securities with nearly 40% of the global market share, Ondo’s expansion into Asia Pacific coincides with the region’s growing interest in digital assets, spurred by factors like a thriving crypto community, evolving regulatory landscapes, and increasing interest in exposure to US assets. These factors, coupled with the region’s vast wealth and diverse investor base, make Ondo’s expansion into the region timely.

To facilitate this expansion, Ondo has announced the opening of its APAC office and the appointment of Ashwin Khosa as Vice President of Business Development in the region. With nearly ten years of Hong Kong-based institutional business development experience at Citi, Tether and Bitfinex, Khosa brings to Ondo both a substantial understanding of onchain finance and deep knowledge of the Asia Pacific market.

“I’m thrilled to be joining the Ondo team and building out our presence in APAC,” said Khosa. “The team is top-notch and the mission of bringing real-world assets onchain is extremely important. I look forward to working closely with partners in the region to help investors gain access to this next generation of high-quality assets.”

“We’re very excited about our expansion into APAC,” said Nathan Allman, Founder, and CEO of Ondo. “There is an active and rapidly growing crypto community and an appreciation for the type of high-quality exposure to US assets that our tokens provide.”

This announcement comes on the heels of several major announcements by Ondo over the past few weeks, such as its strategic roadmap, which lays out its view of the current state of the industry and its high-level plans over the next 24 months.

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