Ondo

ONDO Launched 2024 source

What this page is: neutral, sourced facts about Ondo. Every line links where it was checked. 8 facts, 4 from primary sources. Educational, not financial advice.

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Launch

Following a DAO vote, restrictions on transferring the ONDO token were lifted, enabling free movement of the token as of January 18, 2024. primary source source

Founders and creators

The Ondo Foundation was founded in 2022 as an independently governed nonprofit Cayman Islands Foundation Company. secondary source source

Origin story

The Ondo Foundation was founded in 2022 as a nonprofit Cayman Islands foundation company. secondary source source

Stated purpose

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. secondary source source

Supply model

The initial token supply of ONDO is 10 billion; Ondo Foundation docs state there is no scheduled or planned inflation. primary source source

Main uses today

ONDO is the governance token for the Ondo DAO and Flux Finance. primary source source

Key milestones

The Ondo DAO deployed and governs Flux Finance, the first lending protocol supporting tokenized securities as collateral. secondary source source
Following a vote by the DAO, restrictions on transferring the ONDO token were lifted as of January 18, 2024. primary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

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