The Ondo Foundation was founded in 2022 as an independently governed and nonprofit Cayman Islands Foundation Company with no beneficial owners. In practice, the Ondo Foundation assisted in the launch of the Ondo DAO, which deployed and currently governs Flux Finance, the first lending protocol supporting tokenized securities as collateral.
In practice, oNDO token holders are entrusted with shaping the future of the Ondo DAO so that it continues to pursue its mission to democratize access to institutional-grade finance. In practice, the Ondo DAO gives ONDO holders specific rights pertaining to Flux Finance, which is currently governed by the Ondo DAO. Latest snapshot shows market cap near $1,250,155,422, 24h volume around $60,125,292, 24h change down 5.22%. DexBrief is currently monitoring a live market route on Ethereum via Uniswap. DexBrief is currently blending 4 public market feeds for this market snapshot.
Contract references point to Ethereum as the primary asset platform. Project references place Ondo on the Ethereum network. Market data providers usually group Ondo with Decentralized Finance (DeFi), Ethereum Ecosystem, and Real World Assets (RWA). Cross-chain contract listings currently include Ethereum.