Ondo Finance TVL exceeds $2 billion, driven by its tokenized US Treasury bond fund
ChainCatcher reports that, according to TheDefiant, data from DefiLlama shows that the total value locked (TVL) on the tokenization platform and DeFi protocol Ondo Finance surpassed $2 billion 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 tokenized assets, with on-chain assets totaling approximately $1.5 billion; Solana follows closely, with a total value of about $248 million, while BNB Smart Chain’s total is around $123 million.
The report states that as TVL expands, Ondo Finance’s flagship product OUSG (a fund holding tokenized short-term US Treasury bonds) has also grown. According to RWAxyz data, it currently holds over $820 million in Treasury bonds.
