Ondo Finance now offers ONDO on large exchanges. The American giant Coinbase also plans to list the project’s native token DeFi.
Following the recent approval of a proposal to unlock tokens from the issuer of tokenized products Ondo FinanceThese are now transferable, and can also be used for voting.
Ondo Finance in parallel process listing the token on several major crypto exchanges, including ByBit, KuCoin, Gate.io, Crypto.com and HTX, formerly known as Huobi.
ONDO’s price is currently trading at around $0.20, up more than 80% on ByBit and more than 100% on the decentralized Uniswap protocol since its addition. The token’s market cap has exceeded $270 million, according to data from Coingecko and Coinmarketcap.
ONDO’s total offering is 10 billion tokens and the outstanding offering is approximately 1.4 billion. 2% of tokens have been allocated to community access sale participants, 52% for ecosystem growth, 33% for protocol development and just over 12% for private sales.
Ondo made its debut in January 2023 on Ethereum, then deployed on Solana last December. These tokenized products are now worth over $200 million. Its main product, OUSG, is an ETF for short-term US Treasuries offered by TradFi behemoth Blackrock.
Earlier this week, California-based exchange Coinbase announced that it has added ONDO to its roadmap.
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