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Project Overview
Ondo Finance is an institutional-grade financial infrastructure protocol dedicated to bringing real-world assets (RWAs) and traditional public securities on-chain. By offering tokenized investment products such as USDY (yield-bearing stablecoin backed by US Treasuries) and OUSG (Short-Term US Treasuries Fund), and developing the dedicated Ondo Chain Layer 1 blockchain, the platform enables global investors to access high-quality, transparent, and regulated financial markets within a decentralized ecosystem.
The Ondo team has again transferred $34 million worth of tokens from the main wallet to a new address.
According to on-chain analyst onchainschool.pro (@how2onchain), the ONDO team has again transferred $34 million worth of ONDO tokens from its main wallet to a new wallet address.
Ondo Finance’s multisig wallet has continuously transferred ONDO tokens to Coinbase over the past six weeks, totaling 116 million tokens.
According to on-chain analyst Ember (@EmberCN), approximately 116 million ONDO tokens (valued at roughly $30.21 million) have been transferred from the Ondo Finance multisig wallet to Coinbase over the past ~six weeks. The transfer pattern shows a clear regularity: roughly 20 million ONDO tokens are transferred weekly from the multisig wallet to another multisig address, followed by multiple smaller transfers to Coinbase within several days.
Ondo Finance Launches Proxy Voting Functionality for Holders of Over 250 Tokenized Securities
According to CoinDesk, Ondo Finance has partnered with Broadridge to introduce proxy voting functionality for holders of over 250 tokenized securities on its platform. Users can log in to Broadridge’s ProxyVote system via their crypto wallets to review corporate documents and submit voting preferences. The total market value of stocks and ETF tokens currently issued on its Global Markets platform exceeds $700 million. Ondo stated that while these tokens do not directly confer shareholder rights, the platform can consider investors’ voting preferences when exercising voting rights on the underlying shares it holds.
Ondo Finance Submits No-Action Request to the SEC to Advance On-Chain Operations of Its OGM Product
According to Ondo Finance’s official blog, Ondo Finance recently submitted a “no-action” request to the U.S. Securities and Exchange Commission (SEC), seeking confirmation from the SEC that it will not take enforcement action against Ondo’s model for recording and managing certain security interests in tokenized form on the Ethereum mainnet. The request concerns its Ondo Global Markets (OGM) product, which currently offers non-U.S. investors tokenized notes providing exposure to U.S. equities and ETFs. Under this model, the underlying securities remain within the existing legal, custodial, and recordkeeping frameworks; official books and records remain unchanged. Only in limited circumstances are the relevant security interests mapped onto the Ethereum mainnet in tokenized form, held by custodian BitGo to support recordkeeping and operational processes.
Related news
Ondo Finance Launches Proxy Voting Functionality for Holders of Over 250 Tokenized Securities
According to CoinDesk, Ondo Finance has partnered with Broadridge to introduce proxy voting functionality for holders of over 250 tokenized securities on its platform. Users can log in to Broadridge’s ProxyVote system via their crypto wallets to review corporate documents and submit voting preferences. The total market value of stocks and ETF tokens currently issued on its Global Markets platform exceeds $700 million. Ondo stated that while these tokens do not directly confer shareholder rights, the platform can consider investors’ voting preferences when exercising voting rights on the underlying shares it holds.
Ondo: Tokenized stocks to soon feature shareholder governance and voting functions
Ondo Finance announced on X platform that it has partnered with Broadridge, which provides issuer communication services for retail and institutional investors. This collaboration will enable holders of over 250 tokenized stocks and ETFs under Ondo to access investor information and participate in proxy voting. Investors in tokenized stocks will be able to enjoy all the benefits of on-chain trading while also participating in the underlying security governance of the world's largest stocks and ETFs.
The Ondo team has again transferred $34 million worth of tokens from the main wallet to a new address.
According to on-chain analyst onchainschool.pro (@how2onchain), the ONDO team has again transferred $34 million worth of ONDO tokens from its main wallet to a new wallet address.
Ondo Finance Submits No-Action Request to the SEC to Advance On-Chain Operations of Its OGM Product
According to Ondo Finance’s official blog, Ondo Finance recently submitted a “no-action” request to the U.S. Securities and Exchange Commission (SEC), seeking confirmation from the SEC that it will not take enforcement action against Ondo’s model for recording and managing certain security interests in tokenized form on the Ethereum mainnet. The request concerns its Ondo Global Markets (OGM) product, which currently offers non-U.S. investors tokenized notes providing exposure to U.S. equities and ETFs. Under this model, the underlying securities remain within the existing legal, custodial, and recordkeeping frameworks; official books and records remain unchanged. Only in limited circumstances are the relevant security interests mapped onto the Ethereum mainnet in tokenized form, held by custodian BitGo to support recordkeeping and operational processes.
Ondo Finance’s multisig wallet has continuously transferred ONDO tokens to Coinbase over the past six weeks, totaling 116 million tokens.
According to on-chain analyst Ember (@EmberCN), approximately 116 million ONDO tokens (valued at roughly $30.21 million) have been transferred from the Ondo Finance multisig wallet to Coinbase over the past ~six weeks. The transfer pattern shows a clear regularity: roughly 20 million ONDO tokens are transferred weekly from the multisig wallet to another multisig address, followed by multiple smaller transfers to Coinbase within several days.