Ondo Finance’s TVL crossed the $350 million mark, becomes 4th largest RWA protocol.

https://preview.redd.it/71y2dtyrrmxc1.png?width=800&format=png&auto=webp&s=5d77e65f1b87affba25aa4790e9667a0b1e64e0f

Ondo is tokenizing traditional fixed-income products, predominantly short-term US Treasuries. This enables it to offer generous on-chain yield while benefiting from the stability of traditional bonds.

• The most popular chain for Ondo’s tokenized assets is Ethereum, with almost $240 million in TVL, followed by Solana and Mantle, with $54 million and $41 million, respectively.
• Last week, the TVL of RWA assets on Ethereum reached a new record at $6.09 billion, with Ethena and Maker being the main drivers.

OC: https://www.nftgators.com/ondo-finance-hits-350m-milestone-expanding-reach-in-defi-rwa/