Ondo (ONDO) perpetual market

Ondo is the governance token of Ondo Finance, a protocol focused on bringing real-world assets on-chain, launched to tokenize traditional financial instruments such as US Treasuries and money-market funds. Its products let holders gain on-chain exposure to yield-bearing government debt through tokens backed by those underlying assets, aimed at giving stablecoin holders and institutions a compliant way to earn traditional yield in crypto form. Ondo became one of the most recognized names in the tokenized-Treasury trend that accelerated in 2023 and 2024 as on-chain investors sought returns backed by real assets rather than purely crypto-native strategies. The ONDO token is used for governance over the protocol. The project sits at the center of the broader real-world-asset narrative, which envisions moving trillions of dollars of traditional securities onto blockchains, and it has pursued partnerships with established financial firms.