Ondo Finance's Total Value Locked Surpasses $2 Billion

According to ChainCatcher, DefiLlama data reveals that the total value locked (TVL) in the tokenization platform and DeFi protocol Ondo Finance has exceeded $2 billion this week, marking a record high. This figure is more than double the TVL from early March last year. Ethereum serves as the primary network for Ondo's tokenized assets, with on-chain assets valued at approximately $1.5 billion. Solana follows with a total value of around $248 million, while the BNB Smart Chain holds assets worth about $123 million. The report indicates that as the TVL expands, Ondo Finance's flagship product, OUSG, a fund holding tokenized short-term U.S. Treasury bonds, has also grown. According to RWAxyz data, it currently holds over $820 million in Treasury bonds.