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Most $ONDO holders cannot name the entity that actually issued their token. I read the legal docs. Here is the real structure nobody is explaining. OUSG is issued by Ondo I LP. A Delaware limited partnership. The fund itself. USDY and the GM tokens are issued by Ondo Global...

10,453 Aufrufe • vor 1 Monat •via X (Twitter)

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The $ONDO DAO has 190,000 token holders. Only 3,040 have ever touched governance. The vote that decides everything about this investment has not even been filed yet. Most people bought $ONDO because of the narrative. BlackRock. Clearstream. Deutsche Börse. Tokenised Treasuries. The story is real, and the protocol is legitimate. $3.57 billion in TVL. $66 million in annual management fees from real assets. But here is what nobody told you when you bought: None of that revenue touches the $ONDO token right now. The Ondo DAO has had 9 proposals in its entire history. The last one was executed in January 2024. It was not a fee switch. Zero active proposals today. 190,000 token holders. 3,040 delegates. 1.6% of holders are participating in the governance that controls the future of your investment. The other 98.4% are holding a vote they have never cast. Protocol fees flow into Ondo Finance Inc., USDY LLC, and the Ondo Foundation. Operations. Audits. Legal. Compliance. Whatever remains stays with the corporate entities. Not with you. The fee switch changes this entirely. If it passes, protocol revenue begins flowing directly to token holders. That single vote is the difference between $ONDO being a speculation instrument and a cash flow asset. This structure was not an accident. Tokenised securities live inside regulated wrappers. Ondo deliberately kept the token outside the revenue loop during the build phase. You do not flip a switch before the rails are in place. SEC no-action letter received. Clearstream integration announced. DTCC partnership confirmed. 500 million regulated investors now have onchain access to US markets. The rails are now in place. Before you size your position, answer this honestly: Are you investing in Ondo Finance (the protocol) or $ONDO (the token)? Right now, those are two completely different bets. The protocol is already winning. The token is still waiting for permission to participate in that win. The window between now and that vote is the only time you can position before the crowd understands what they are actually buying. Most people will find out what $ONDO really is the day the fee switch passes, and the price has already moved. The people who understood the governance structure before the vote will not need to explain themselves later. Track the DAO. The most important moment in $ONDO history has not happened yet. You just understood it now.

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61,042 Aufrufe • vor 2 Monaten

$ONDO is not a token waiting for adoption. It is already running two products with real money inside them right now. USDY: $2.14 billion in TVL. 3.55% APY. Deployed across Ethereum, Solana, Sui, Aptos, Mantle, Near, and six other chains. A yield-bearing stablecoin that outperforms a standard US Treasury Bill return every single day it runs. OUSG: $539 million in TVL. 3.43% APY. Built specifically for institutional investors who need 24/7 instant access to short-term US Treasuries without touching a bank or waiting for settlement windows. Combined TVL across both products: $2.68 billion. $ONDO's current market cap: $1.7 billion. Read that again. The protocol has $2.68 billion of real capital sitting inside its products right now and the market is valuing the entire protocol at $1.7 billion. TVL is 157% of market cap. Most DeFi protocols would celebrate a TVL equal to their market cap. $ONDO already has more real capital deployed in its products than the market thinks the entire protocol is worth. That is not a narrative. That is a balance sheet. USDY price accrues daily. OUSG beats the T-Bill rate consistently. Both are growing. Both are live. Both have institutional counterparties on the other side of every single transaction. The SEC confidential filing is active. The DTCC consortium seat is confirmed. Over 200 tokenised US stocks are preparing to launch on Solana. The product is built. The capital is inside it. The institutional pipeline is forming. The people who understood this before the repricing will not need to explain their positioning later

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22,263 Aufrufe • vor 1 Monat

Most $ONDO holders are waiting for the fee switch. Nobody is asking who is actually allowed to flip it. Here is what the DAO docs say and why it changes everything. You need 100 million ONDO just to submit a proposal. Not to pass one. Not to win a vote. Just to put something on the table for discussion. There have been exactly 9 proposals in the entire history of the ONDO DAO. Zero of them have ever touched fees. Zero have ever discussed revenue sharing. Zero have proposed any form of value accrual to token holders. The last proposal was a simple token unlock in January 2024. That was 16 months ago. This is not governance apathy. This is governance architecture. The rules were written so that retail cannot force this conversation. Mid-sized holders cannot force it either. Only whales, VCs, and foundation-aligned wallets hold enough ONDO to submit anything. Past votes averaged between 50 and 600 participating addresses. In a protocol with 3,040 delegates and tens of thousands of holders, that number tells you everything about who is actually in control. The fee switch is not delayed because nobody wants it. It is delayed because the people who can call the vote have not decided it is time yet. That changes the entire question you should be asking. Stop asking when the fee switch drops. Start asking which wallet submits it. And what changes between now and then that makes it worth their while to pull the trigger. The answer to that question is where the real alpha lives. Agree or cap?

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24,014 Aufrufe • vor 1 Monat

BlackRock just filed with the SEC to become the yield layer underneath a $320 billion stablecoin market. And the protocol sitting directly on top of that infrastructure is $ONDO. Here is what most of the community has not connected yet. BlackRock filed for two tokenised money market funds on May 8, 2026: - BRSRV targets stablecoin holders who prefer self custody over brokerages, and will launch across multiple blockchain networks. - BSTBL tokenises BlackRock's existing $6.1 billion Treasury liquidity fund on Ethereum. The problem they are solving is enormous. Over $320 billion sits in stablecoins right now. Most of it earns zero yield. It sits in wallets. It gets used for trading. It produces nothing for the holder. BlackRock just filed to fix that by becoming the regulated yield infrastructure underneath all of it. Now here is the $ONDO connection nobody is talking about. BUIDL, BlackRock's first tokenised fund now at $2.5 billion across eight blockchain networks, is the primary underlying asset backing OUSG. Ondo's flagship institutional product earns its yield from BUIDL. Every dollar flowing into BlackRock's expanding tokenised Treasury ecosystem flows into the same infrastructure that OUSG sits on. BlackRock is not a partner of Ondo. BlackRock is the foundation on which Ondo's most important product is built on. When BlackRock files to scale that foundation from $2.5 billion to a product targeting hundreds of billions in stablecoin reserves, the protocol sitting directly on top of it does not stay at current prices forever. BlackRock also sent a letter to the OCC this week pushing back on a proposed 20% cap on tokenised assets as stablecoin reserves. They argued it penalises form over substance rather than risk. They are not just building. They are lobbying regulators to remove the limits on how far this goes. Six months ago BlackRock's Head of Digital Assets laid out this entire roadmap on Bankless. The video above is that conversation. Most people watched it as interesting commentary on where crypto was heading. It was a product announcement six months early. The SEC filing is the confirmation. The $ONDO community has been waiting for the institutional layer to fully commit to this infrastructure. That commitment just got filed with the Securities and Exchange Commission. The people who understood what BUIDL meant for OUSG before this week are already positioned. The people reading this now are not late. The people who wait for the headline are.

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16,090 Aufrufe • vor 2 Monaten

Nobody is talking about what just happened in Frankfurt. Ondo, Clearstream, and Deutsche Börse Group just announced a partnership that changes the entire $ONDO thesis. Clearstream is not a startup. It is the post-trade infrastructure that European institutional capital actually runs on. 20 trillion euros in assets under custody. The settlement and custody backbone of the largest financial markets in the world. Here is what was just announced. Phase one: now live on 360X (Deutsche Börse Group’s regulated digital asset trading venue) Ondo tokenised stocks and ETFs are now live on 360X. AAPLon, NVDAon, TSLAon, MSFTon, GOOGLon, METAon, SPYon, QQQon. The largest tokenised securities bulk listing on 360X to date. That is phase one. Phase two: what changes everything Ondo tokenised assets will be integrated into Clearstream's custody, settlement, and collateral infrastructure. Institutions across Europe will be able to hold tokenised Apple stock in the same custody system where they hold their traditional securities. Same workflow. Same settlement rails. Same infrastructure they have used for decades. But onchain. Clearstream will also make assets it holds in custody available to Ondo in tokenised form for distribution to Ondo's global client network outside the US. That is a two-way bridge. Ondo brings assets onchain. Clearstream distributes them through institutional infrastructure. The wall between crypto rails and traditional finance just came down in both directions simultaneously. This follows Ondo's recent regulatory approval to offer tokenised stocks and ETFs across 30 European countries. 500 million investors now have regulated onchain access to US markets. Most people are still thinking about $ONDO as a crypto token. The institutions just started thinking about it as post-trade infrastructure. Those are two completely different categories of bets. The crowns were never up for debate. Most people just found out too late.

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22,911 Aufrufe • vor 2 Monaten