Ondo Archives - Coin Engineer

Binance and Ondo Partner to Tokenized U.S. Stocks and ETFs

Emre Yumlu — Wed, 25 Feb 2026 09:00:06 +0000

Binance has expanded its Alpha trading platform by introducing tokenized versions of U.S. stocks and exchange-traded funds (ETFs), marking a renewed push into blockchain-based representations of traditional financial assets. Through this integration, users can gain exposure to major equities without leaving the Binance ecosystem.

The new feature allows investors to trade tokenized securities directly using funds already held on Binance Exchange. There is no requirement to transfer assets to external wallets, as all transactions are executed within the Alpha section of the platform. This structure is designed to streamline access while maintaining on-platform liquidity.

At launch, the offering includes 10 instruments. Among them are tokenized shares of major technology companies such as Apple, Tesla, Nvidia, Amazon, Meta, Microsoft, and Alphabet. The lineup also features a tokenized version of the Invesco QQQ ETF, which tracks the Nasdaq-100 index.

Regulatory Structure and Trading Mechanics

Binance stated that these tokenized securities are categorized as structured products under the regulatory framework of the Financial Services Regulatory Authority (FSRA) within Abu Dhabi Global Market. As a result, the products are available only in approved jurisdictions and are not accessible to users in the United States.

Each token is engineered to mirror the market price of its underlying stock or ETF. While holders benefit from price exposure, they do not receive shareholder rights such as voting privileges or corporate entitlements.

Within the Alpha interface, users can place both market and limit orders. Binance has indicated that trading fees may be reduced to as low as 0% for a limited time, and gas fees for placing or canceling orders are temporarily waived.

Additionally, a rewards mechanism has been introduced. Users who trade or hold these tokenized assets can accumulate Alpha Points, which may be redeemed for participation in token sales, promotional campaigns, and airdrops.

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Strategic Return to Tokenized Equities

Binance previously discontinued a similar product in 2021 amid regulatory scrutiny. This new rollout reflects a more compliance-oriented approach, supported by its collaboration with Ondo. The partnership is structured to mitigate legal risk while reintroducing tokenized equities to non-U.S. markets.

Since its launch, Ondo Global Markets has surpassed $550 million in total value locked. The company continues to focus on compliant infrastructure for tokenized stocks and ETFs, alongside broader initiatives involving real-world asset tokenization and structured financial products.

Following the announcement, ONDO experienced an approximate 5% price increase, accompanied by a surge in trading activity. Binance has signaled that additional tokenized instruments may be added in the future, subject to market demand and regulatory developments.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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SEC Closes Investigation Into Ondo Finance: A New Era Begins

Haciyev Reşit — Tue, 09 Dec 2025 05:31:49 +0000

The U.S. Securities and Exchange Commission (SEC) has officially announced that it has closed its nearly two-year investigation into Ondo Finance. This brings the company’s legal process with the SEC to an end. Closely followed within the crypto ecosystem, this development is considered an important milestone both on the regulatory front and in terms of investor confidence.

What Does This Decision Mean?

The SEC’s decision to terminate the investigation formally confirms that Ondo Finance has been operating in compliance with regulatory standards. This indicates that the company’s operating model, product structures, and services offered to investors were thoroughly examined by the SEC, and no securities violations or compliance issues were identified. It therefore confirms that Ondo’s business practices do not conflict with current regulations.

This outcome not only resolves past uncertainty, but also significantly reduces potential future legal risks for Ondo. With a stronger regulatory foundation, the company can now pursue its growth plans with greater confidence and face fewer obstacles when launching new products. Following the announcement, the Ondo token price experienced a slight increase.

Why Is This Important?

As the crypto sector faces mounting regulatory pressure, a company emerging cleanly from an SEC investigation is viewed as a highly significant achievement. This development:

Eliminates uncertainty surrounding Ondo Finance,
Highlights the importance of regulatory-compliant business practices,
Sets a positive precedent for other companies operating with similar models.

Particularly in a period where regulatory risk in the U.S. is high, such an approval is considered a strategic advantage for Ondo.

Potential Impact on the Market and the Company

With the conclusion of the investigation, both investor confidence and institutional partnerships are expected to strengthen for Ondo Finance. Medium-term effects may include:

Increased investor confidence: With uncertainty resolved, both retail and institutional investors may become more eager.
Faster business operations: Reduced regulatory risk enables clearer execution of growth strategies.
New investments and partnerships: Institutional firms prefer working with companies whose legal status is well-defined, which could boost Ondo’s collaboration opportunities.

This development is seen as a strong signal that the importance placed on regulatory compliance by crypto finance companies will continue to rise.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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What is Ondo US Dollar Yield (USDY)?

Emre Yumlu — Wed, 15 Oct 2025 16:00:45 +0000

Ondo US Dollar Yield (USDY), offered by Ondo Finance, is a tokenized note secured by short-term U.S. Treasury Bills and bank demand deposits. Tailored for non-U.S. individual and institutional investors, USDY blends the accessibility of a stablecoin with high-quality, USD-denominated yield. This article explores what USDY is, how it functions, and the opportunities it provides.

What is Ondo US Dollar Yield (USDY)?

USDY, issued by Ondo USDY LLC, is a tokenized secured note distinct from other Ondo Finance tokens. It comes in two forms: “accumulating” USDY, where the per-token price rises with accrued yield, and “rebasing” rUSDY, which maintains a fixed $1 price with yield reflected as additional tokens. USDY tokens are minted 40-50 days after investment and can only be redeemed in USD to non-U.S. bank accounts. For example, if 100 rUSDY tokens at $1 each increase in value to match a USDY price of $1.01, you’d hold 101 rUSDY tokens at $1 each. Conversion between USDY and rUSDY is instant via the Ondo website.

Unlike Ondo’s OUSG, which provides tokenized access to short-term Treasury Bills and is limited to Qualified Purchasers, USDY is accessible to both retail and institutional investors. OUSG represents fund membership/equity, while USDY is a senior secured loan.

Purpose of Ondo US Dollar Yield (USDY)

USDY combines stablecoin accessibility with USD yield, though U.S. regulatory compliance imposes constraints. Yield accrual begins upon deposit processing, but tokens are minted 40-50 days later, and redemptions are restricted to USD transfers to non-U.S. bank accounts. Unlike OUSG, which targets Qualified Purchasers with tokenized Treasury exposure, USDY serves a broader audience with a distinct legal structure: OUSG is fund-based, while USDY is a secured note.

How Does Ondo US Dollar Yield (USDY) Work?

USDY operates through three key processes: Subscription, Redemption, and Transfer.

Subscription

Investment: After onboarding, invest via USDC or USD wire transfer ($100,000+). Yield begins once funds are processed (2-3 business days).
Cohort Assignment: Investments are assigned to weekly cohorts (Wednesday to Tuesday), determining token minting dates.
Certificate and USDYc Issuance: Within 3 business days of processing, a Temporary Global Certificate is issued, and USDYc tokens are minted as placeholders. USDYc, used for bookkeeping, is burned upon USDY minting.
Token Minting: After the Restricted Period (40-50 days), USDY is minted and sent to the designated wallet.

Transfer

Post-Restricted Period, tokens can be freely transferred in eligible non-U.S. regions, usable in DeFi or secondary markets.

Ondo US Dollar Yield (USDY) Use Cases

USDY serves dual purposes:

USDY: Accumulating; price per token rises, ideal for holding and collateral.
rUSDY: Rebasing; fixed at $1 with yield as additional tokens, suited for payments.

Usage Steps:

Log into the Ondo portal with an email and complete the onboarding questionnaire.
Select the USDY product, click “Request Access,” and submit KYC documents.
Upon approval, mint or redeem via the USDY portal.

Advantages of Ondo US Dollar Yield (USDY)

Security: Ondo USDY LLC is bankruptcy-remote from other Ondo entities.
Yield: Offers Treasury-backed returns, distinct from other Ondo tokens.
Transparency: Daily price updates and rebasing.
Accessibility: Available to non-U.S. retail and institutional investors.

Risks of Ondo US Dollar Yield (USDY)

Collateral Risk: Potential value loss in Treasury Bills or repos.
Blockchain Risk: Irreversible transactions or forks.
Smart Contract Risk: Vulnerabilities, despite ChainSecurity audits.
Liquidity Risk: Market fluctuations.
Legal Risk: Regulatory changes.
Exchange Risk: Platform disruptions.
Trading Risk: Volatility.
Banking Risk: Fiat transaction issues.
No Insurance: No deposit insurance.
Third-Party Risk: Unverified integrations.
Blocked Addresses: Blacklisting for illicit activities.
Termination Risk: Inability to redeem post-account closure.
Inaccuracy Risk: Losses from incorrect addresses.

Ondo US Dollar Yield (USDY) Team

The Ondo US Dollar Yield team comprises Ondo Finance’s founding members. Established by Nathan Allman, a Stanford University graduate in Economics and Business, Ondo Finance reflects Allman’s transition from traditional finance to crypto, driven by a vision to innovate. Allman founded Ondo to bridge decentralized and traditional finance.

Official Links

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Robinhood US Officially Lists SUI Token!

Emre Yumlu — Tue, 19 Aug 2025 12:14:06 +0000

Robinhood platform has officially opened access to SUI token, developed by the high-performance Layer-1 blockchain network Mysten Labs, for its users. This listing marks a significant milestone for the SUI ecosystem, enabling Robinhood’s 25 million users to directly access the token.

Previous Early Announcement

Previously, a blog post announcing SUI’s listing on Robinhood was briefly published and then removed. This was likely an early release of a press draft. However, with the official listing now confirmed, SUI is fully accessible to users, allowing investors to trade the token on the platform.

SUI Token Market Performance and Institutional Interest

Following the listing, SUI rose to $3.63, showing a daily increase of approximately 1%. The token has gained strong momentum in recent months, attracting significant interest from institutional investors. A $450 million investment by Mill City Ventures has further supported SUI’s market value and credibility. These developments are expected to enhance the token’s adoption in DeFi, gaming, and NFT ecosystems.

Robinhood Crypto Expansion Strategy

The official listing of SUI is part of Robinhood’s broader crypto expansion strategy. The platform previously listed tokens such as FLOKI and ONDO, offering users diverse investment opportunities. Robinhood’s acquisitions of Bitstamp and WonderFi have strengthened its infrastructure, providing room for innovative projects like SUI.

Growth Within the SUI Ecosystem

The total value locked (TVL) on the SUI blockchain stands at $2.093 billion. Additionally, indicators such as 1.28 million new accounts created within just 24 hours highlight the token’s technical infrastructure and its competitive potential against rivals like Ethereum and Solana.

With Robinhood users now having direct access to SUI, token adoption and market activity are likely to increase. This official listing marks the beginning of a new growth phase for both the platform and the token.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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SUI Network Announces and Deletes Robinhood Listing Announcement!

Emre Yumlu — Tue, 12 Aug 2025 14:00:25 +0000

SUI Network briefly published and then deleted a blog post announcing its listing on the Robinhood platform. This is likely due to an early release of a press release draft.

Announcement About SUI Token on Robinhood

The blog post stated that Robinhood added the SUI token to its trading platform. According to the post, this listing would mark a significant milestone for the high-performance Layer-1 blockchain network developed by Mysten Labs. Robinhood’s 25 million users would gain access to SUI, potentially driving greater adoption of the token in the DeFi, gaming, and NFT sectors.

SUI Token Market Performance and Institutional Interest

The post highlighted that the SUI token has gained strong momentum in recent months, with increasing interest from institutional investors. Following a $450 million institutional investment by Mill City Ventures, SUI surged 8.7% to $3.73. This signals solid confidence in the blockchain’s long-term potential.

Robinhood’s Crypto Expansion Strategy

SUI’s inclusion on Robinhood is seen as part of the platform’s broader crypto expansion strategy. This process started with the listing of FLOKI and ONDO tokens in August 2025 and accelerated as Robinhood generated $927 million in crypto revenue in the first quarter of 2025 alone.

Growth in the SUI Ecosystem

The blog post mentioned that SUI blockchain’s total value locked (TVL) stands at $2.093 billion. It also shared growth indicators such as 1.28 million new accounts created within just 24 hours. These developments reflect growing interest in SUI’s technical infrastructure and its potential to compete with established networks like Ethereum and Solana.

Robinhood’s Global Crypto Ambitions

The post also emphasized Robinhood’s significant investments in crypto infrastructure, including acquisitions of Bitstamp and WonderFi. The platform is open to listing both established and trending tokens, including meme coins and Solana-based tokens.

SUI’s Position in the European Market

Finally, the blog highlighted that Robinhood’s expanding user base in the US and Europe could help SUI gain recognition across different markets and investor groups.

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Binance Announces Liquidity Expansion Initiative! “Spot Altcoin LiquidityBoost”

Emre Yumlu — Wed, 04 Jun 2025 12:09:49 +0000

Binance is launching a new program aimed at creating a more fair and deep liquidity structure in the crypto market. This initiative, called “Altcoin LiquidityBoost,” stands out as the first large-scale liquidity program focused solely on altcoin trading pairs. The move is designed to enable small and medium-sized market makers to play a more active role.

High Rebate Rates as Incentives

Under the new program, liquidity providers will receive rebates ranging from 0.005% to 0.01%, based on their trading volume. Binance aims to reduce the dominance of large market makers with this system and establish a more balanced structure.

Participants who provide at least 0.5% liquidity on altcoin pairs can receive a 0.5 bps rebate. To reach a 1 bps rebate, participants must exceed the 1% liquidity threshold. Applications will start on June 9, and rebate payments will go into effect as of June 17.

Flexible Structure for Altcoin-Focused Strategies

The program makes it easier for investors with different volumes and strategies to participate. Users who have traded over $20 million in the past 30 days on Binance Spot, Margin, or other platforms will be eligible to apply. This allows both small and medium-sized participants to engage in profitable market making.

Initially, the program will be limited to 18 altcoin/USDT pairs. Notable projects included are STO, SYRUP, SXT, BABY, WCT, FIL, TON, ONDO, KMNO, W, KERNEL, ICP, PARTI, HYPER, EOS and INIT. Binance stated that this list will be updated regularly based on market demand.

Next-Generation Market Maker Model

Catherine Chen, Head of VIP and Institutional at Binance, stated that this new approach offers a significant opportunity for participants who focus on altcoin strategies. Thanks to this model, investors can actively engage in the market with custom strategies, rather than being restricted to major cryptocurrencies like Bitcoin.

The program’s benefits include reducing slippage, increasing market depth, and enhancing trading efficiency. This innovative model could help build a healthier and more sustainable trading environment for the altcoin ecosystem.

This new liquidity program can be seen as part of Binance’s long-term vision for altcoin markets. It marks an important step toward enabling more investors to play an active role in an evolving and diversified crypto landscape.

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ONDO Breaks Key Resistance: Is a Bullish Move Coming?

Yigit Taha OZTURK — Thu, 15 May 2025 14:00:50 +0000

While the broader crypto market remains sideways, some altcoins are starting to show technical breakouts. Most recently, ONDO broke its descending trendline on the daily chart, catching the attention of traders. Could this breakout signal the start of a sustained uptrend?

Downtrend Broken, Minor Uptrend Forming

After a prolonged period under pressure, ONDO has taken a technically significant step. The descending trendline on the daily chart has been broken to the upside, and a minor ascending channel has begun to form. This breakout, especially with volume support, has piqued investor interest.

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If FVG Zone Holds, Target Could Be 1.11$

According to technical analysis, if ONDO can maintain support within the bullish FVG (Fair Value Gap) zone between 0.96$ – 0.88$, the price could potentially move toward the next resistance level at 1.11$. This range is also a key zone where short-term buying interest tends to increase.

However, caution is still warranted. If the FVG support zone is broken to the downside, the next likely stop for ONDO would be around 0.80$. This would suggest a renewed correction phase. While technical indicators currently show cautious optimism, price movements remain sensitive to support and resistance zones.

ONDO/USDT pair daily chart.

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Ondo Finance Launches OUSG–PYUSD Conversion

Yigit Taha OZTURK — Thu, 15 May 2025 13:28:25 +0000

In the evolving world of decentralized finance, liquidity access is rapidly becoming a top priority for investors. Traditional financial systems often fall short in providing seamless, round-the-clock transactions—especially during off-market hours. But blockchain-powered solutions continue to push those boundaries.

Now, Ondo Finance has taken a major step forward in bridging traditional finance with crypto by enabling instant conversions between Ondo Short-Term US Government Treasuries (OUSG) and PayPal USD (PYUSD).

Seamless 24/7 Conversions Between Stablecoin and Treasuries

With the new feature, users can now mint OUSG using PYUSD and instantly redeem their holdings back to PYUSD—24/7. The $25 million facility supporting these conversions makes it one of the largest gateways between stablecoins and tokenized money market funds.

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Nathan Allman, CEO of Ondo Finance, stated: “Enabling OUSG to PYUSD redemptions expands our clients’ trusted settlement options. We’re proud to deepen our collaboration with PayPal.”

Ondo Nexus: A Major Leap for Tokenized Treasuries

This update also advances Ondo Nexus, a technical initiative focused on enhancing instant redemption liquidity for tokenized treasuries. By incorporating PYUSD, Nexus enables broader support for real-world assets (RWAs), increasing their utility and accessibility.

OUSG now holds over $525m in total value locked and remains the only tokenized treasury product offering fee-free 24/7 redemptions. The fund includes investments in vehicles like BlackRock’s BUIDL, Franklin Templeton’s FOBXX, WisdomTree’s WTGXX, and FundBridge Capital’s ULTRA, all integrated into Ethereum and Solana chains.

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Binance Announces Three New Listings!

Yigit Taha OZTURK — Fri, 11 Apr 2025 10:37:37 +0000

Binance has announced the results of its second “Vote to List” round, with Ondo (ONDO), Big Time (BIGTIME), and Virtuals Protocol (VIRTUAL) selected for spot trading following due diligence.

Spot trading will go live on April 11, 2025 at 14:00 UTC. These tokens were previously available on Binance Alpha, and will be removed from there once spot trading begins. Users may transfer tokens from their Alpha wallets to Spot Accounts immediately.

Trading Details and Smart Contracts

ONDO/USDT, ONDO/USDC
BIGTIME/USDT, BIGTIME/USDC
VIRTUAL/USDT, VIRTUAL/USDC

Deposits opened 1 hour after the announcement. Withdrawals will be available from April 12, 2025 at 14:00 UTC. Listing fee: 0 BNB

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Project Summaries

Ondo (ONDO): A decentralized investment banking protocol offering on-chain financial products.
Big Time (BIGTIME): A free-to-play multiplayer RPG.
Virtuals Protocol (VIRTUAL): An AI protocol for creating co-owned, human-curated, plug-and-play gaming AIs.

Evaluation Metrics and Voting Stats

The listing decision was based on multiple factors including:

Trading demand on Binance Alpha and Futures
Community votes (filtered for ineligible entries)
Token history and fundamental analysis
Compliance and risk checks
Signs of unethical conduct or unjustified tokenomic changes

Total votes cast: 523,111
Total participants: 424,749

“Unlisted tokens may be considered again in future based on continued evaluation,” Binance noted.

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Binance Alpha Lists Six New Coins!

Yigit Taha OZTURK — Thu, 13 Feb 2025 09:30:15 +0000

One of the largest cryptocurrency exchanges, Binance, has announced the listing of four new tokens through its pre-listing platform, Binance Alpha. $ONDO, $MORPHO, $AERO, and $VIRTUAL are now available for investors, drawing attention to the significance of Binance Alpha once again.

What is Binance Alpha and Why is it Important?

Binance Alpha is a pre-listing pool that evaluates cryptocurrency assets and highlights trustworthy projects before they are officially listed on exchanges. This system ensures that high-potential projects undergo a thorough review before being made available to investors, creating a safer market environment for both project owners and investors.

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$ONDO is a decentralized finance (DeFi) project that provides tokenized asset management solutions. By accelerating the digitalization of financial assets, ONDO offers investors broader opportunities within the DeFi sector.

$MORPHO is an innovative DeFi protocol that optimizes lending and borrowing processes. By providing efficient and high-yield financial services to users, MORPHO has become one of the standout projects in the DeFi ecosystem.

$AERO is a blockchain-based flight reservation platform aiming to revolutionize the aviation industry. AERO has great potential as it seeks to make travel experiences more efficient for users.

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$VIRTUAL is a platform focused on virtual reality and augmented reality-based projects. Offering innovative solutions in the entertainment and education sectors, $VIRTUAL aims to create new opportunities in the virtual world with cutting-edge technologies.

$KMNO is the token of Kamino Finance, a DeFi protocol aimed at optimizing decentralized financial transactions and establishing a strong presence in the DeFi space.

$GPS is the token of GoPlus, a platform offering blockchain-based security and data protection solutions. $GPS is designed to support the growth of the platform.

These listings not only pave the way for ONDO, MORPHO, AERO, VIRTUAL, KMNO, and GPS to potentially be listed on larger exchanges, but they also provide early investment opportunities for investors.

What Does Binance Alpha’s Pre-Listing System Mean for Investors?

By thoroughly evaluating projects before they enter major markets, Binance Alpha ensures that only high-quality and reliable assets are listed. This provides investors with an early-stage entry point into promising projects that have the potential for further market expansion.

Projects that pass through the pre-listing stage are often considered strong candidates for listing on major exchanges, making Binance Alpha a crucial gateway for investors looking for high-growth opportunities.

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