Ondo Finance TVL surpasses $2 billion, driven by its tokenized US Treasury fund

According to ChainCatcher, citing TheDefiant, data from DefiLlama shows that the total value locked (TVL) of the tokenization platform and DeFi protocol Ondo Finance surpassed 2 billions USD this week, reaching a new all-time high. This figure is more than double the TVL from early March last year.

Among them, Ethereum is the main network for Ondo's tokenized assets, with on-chain assets totaling approximately 1.5 billions USD; Solana follows closely with a total value of about 248 millions USD, while BNB Smart Chain has a total value of around 123 millions USD.

The report states that as TVL expands, Ondo Finance's flagship product OUSG (a fund holding tokenized short-term US Treasuries) has also grown. According to RWAxyz data, it currently holds over 820 millions USD in US Treasuries.