Ondo Finance’s TVL crossed the $350 million mark, becomes 4th largest RWA protocol.

https://preview.redd.it/71y2dtyrrmxc1.png?width=800&format=png&auto=webp&s=5d77e65f1b87affba25aa4790e9667a0b1e64e0f

Ondo is tokenizing conventional fixed-income merchandise, predominantly short-term US Treasuries. This allows it to supply beneficiant on-chain yield whereas benefiting from the soundness of conventional bonds.

• The most well-liked chain for Ondo’s tokenized belongings is Ethereum, with virtually $240 million in TVL, adopted by Solana and Mantle, with $54 million and $41 million, respectively.
• Final week, the TVL of RWA belongings on Ethereum reached a brand new file at $6.09 billion, with Ethena and Maker being the primary drivers.

OC: https://www.nftgators.com/ondo-finance-hits-350m-milestone-expanding-reach-in-defi-rwa/