The post Ondo Foundation To Unlock And Release ONDO Token Soon appeared on BitcoinEthereumNews.com.

The Ondo Foundation proposes to unlock the ONDO token, aiming to democratize access to institutional-grade finance and aligning with its mission to enhance transparency and efficiency in global finance. The initiative marks a pivotal moment for the foundation, aligning its community toward a future of open, transparent, and efficient global finance.  ONDO Genesis And Real-World Impact Ondo Finance is a US-based technology company that has made significant strides in making institutional-grade financial products and services accessible to all.  Managing over $200 million in tokenized assets, Ondo Finance has been at the forefront of developing decentralized financial protocols, including Flux Finance – the world’s first lending protocol supporting tokenized securities as collateral.  With $24 million in equity financing from notable investors like Peter Thiel’s Founders Fund, Pantera, and Coinbase, and collaborations with institutions like Blackrock and Morgan Stanley, Ondo Finance is led by former Goldman Sachs Digital Assets team leaders. In 2022, Ondo Finance played a crucial role in establishing the Ondo Foundation, an independently-governed, nonprofit entity based in the Cayman Islands.  The foundation, initially known as the Neptune Foundation, shares a mission similar to Ondo Finance: democratizing access to institutional-grade finance.  The Ondo Foundation’s first major act was acquiring ONDO token issuance rights from Ondo Finance, followed by selling ONDO tokens to over 18,000 individuals through CoinList.  The foundation also assisted in launching the Ondo DAO, which now governs Flux Finance. See Also: PancakeSwap Plans To Reduce CAKE Token Supply By 300 Million Governance, DAO, And Ondo Foundation’s Role ONDO token holders are entrusted with the crucial task of shaping the future of the Ondo DAO, ensuring it continues to democratize access to institutional-grade finance.  The Ondo DAO grants ONDO holders specific rights within Flux Finance, such as listing new fToken markets, pausing markets, updating interest rate models, and managing…

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Filed under: News - @ December 29, 2023 2:12 am