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This week at Ondo Finance reflected both a difficult moment for the team and continued progress in the RWA sector.
The company announced the unexpected passing of founder Nate Allman, whose vision helped position Ondo as one of the key players in tokenized finance. Leadership responsibilities have now transitioned to Ian De Bode, who steps in as CEO with support from the broader team.
On the product side, USDY on Sui now supports gas-free peer-to-peer transfers, improving accessibility and reducing friction for users interacting with tokenized yield products.
The broader tokenization market also continues to expand:
➟ Onchain RWAs have crossed $34B ➟ Tokenized equities recently reached $3.57B in daily volume ➟ Solana’s RWA ecosystem grew 43% in Q1 ➟ More institutions across Europe and Asia are launching tokenized products
Ondo remains one of the more active teams in this space through products like OUSG, USDY, and its push into tokenized stocks and ETFs.
Tokenization is gradually moving from concept to real market infrastructure, and the pace of adoption across both crypto-native and institutional markets continues to increase.
#RWA #Tokenization #Bitcoin #Crypto