Ondo Finance TVL exceeds 2 billion USD, driven by its tokenized U.S. Treasury fund

According to TheDefiant, data from DefiLlama shows that the total value locked (TVL) in the tokenization platform and DeFi protocol Ondo Finance has surpassed $2 billion this week, setting a new all-time high. This figure is more than double the TVL from early March last year.

Among them, Ethereum is the primary network for Ondo's tokenized assets, with a total on-chain asset value of approximately $1.5 billion; Solana follows closely with a total value of about $248 million, while the total value on the BNB Smart Chain is around $123 million.

The report states that as TVL expands, Ondo Finance's flagship product OUSG (a fund holding tokenized short-term U.S. Treasury bonds) has also grown, currently holding over $820 million in Treasury bonds according to RWAxyz data.