Ondo (ONDO) is the governance token of Ondo Finance, a company that brings traditional financial assets, such as US Treasuries, on chain as tokens. Ondo's products include USDY, a token backed by US Treasuries and bank deposits, and OUSG, which gives qualified investors exposure to short term US government bonds. The aim is to give investors anywhere access to yield from real world assets, available around the clock on a blockchain. The ONDO token launched in January 2024 and lets holders vote on decisions about the Ondo DAO. Ondo is one of the best known projects in the real world assets (RWA) category.