$GM Catalyst Posts

2xnmore @2xnmore · 2026-05-28T15:00:03+00:00

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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 [Spoken audio]: Hey folks, we're recording at Chainlink's SmartCon event and joining me today is Nathan Allman who's the founder and CEO at Ando Finance. Nathan, great to have you. Yeah, thanks for having me. Nathan, Ando's been in the news a lot. I've been following Ando closely, getting a lot of adoption. And I would love to hear about the founder's story, so to speak. What led to you creating Ando? Sure. So I founded Ando about five years ago. I previously worked in traditional finance. So originally I was in private credit And then I was a Goldman on the digital assets team immediately prior to founding onto when I was there we looked at a whole bunch of Blockchain based platforms that tried to you know, drive Post trade efficiencies to different asset classes and you know that provided me an opportunity to go So, pretty deep into the weeds of understanding why things are the way they are in Treadfy, and very much became apparent to me that there's been a path-dependent evolution that has resulted in a bit of Frankenstein that is the current global clearing and settlement system for all sorts of different assets, and I think, in parallel, I was very active in DeFi in 2020, 2021 and saw that DeFi presented a, you know, radically better infrastructure for, you know, certain financial services, you know, that interoperate really naturally with one another. You know, we talk about this idea of like money Legos and composability and, you know, DeFi is 24 seven and transparent and always on. But, you know, at the time DeFi was being applied purely to largely like DeFi infrastructure tokens and other crypto native assets. Right. It was very, you know, very self reflexive. And so I became very excited about the idea of like, how do we repurpose, you know, what we have in DeFi and start to apply it to, you know, to actually drive greater accessibility and transparency and, you know, the real financial system, you know, merging DeFi and TradFi, if you will. Sure. And so, you know, I left five years ago to do that. You know, our mission at Ondo is to expand accessibility for financial products and services. You know, we tokenize assets, I think that's a necessary part of, you know, making DeFi compatible traditional assets, you know, assets on chain. But we also build DeFi protocols and DeFi infrastructure to make those security tokens, you know, more usable, you know, to to to give them greater utility, I should say. Absolutely. And some of the adoption I've seen for Ando by folks such as MasterCard, JP Morgan. So are these institutions, are they now past the taboo phase or the stigma of crypto, scam, and then now looking to actually build on blockchain rails? Yeah, absolutely, yes. And that feels really good, because that's a very recent change. I would say there's a big breakthrough in 2023, 2024 after BlackRock got into the space with their tokenized treasuries fund, which came shortly after ours. And then that led to Franklin Templeton and Fidelity and Wisdomtree and Wellington and a bunch of asset managers seeing the opportunity of tokenization as initially a new distribution pathway for their products. And then more recently we're seeing banks and broker dealers and a lot of that is post the new SEC coming in and opening the doors to particularly banks doing interesting work on public blockchains. So now we're really seeing the full spectrum of institutions actively engaging on chain in various ways. So Nathan, I think you're a great person to answer this question. For those who are still trying to grasp what is tokenization and what are the benefits? Answering the so what question, why do we need to tokenize assets? Yeah, I mean the answer varies quite a lot based on the target audience, so I'll segment into two main buckets, and that's those in emerging markets who might not have great access to financial products and services today. So for them, tokenization is just a very simple access play, so much in the way that stable coins have driven access to the dollar for folks in Latin America and Turkey and Southeast Asia and so on. Our tokenized stocks in our on the global markets platform, which launched just six weeks ago, you know, they're they're driving accessibility to stocks, bonds and ETFs, quality US financial assets to those outside the US in emerging markets. And that is a very crypto-native value prop. I mean, that is one that's building on the fact that Bitcoin was this innovation that gave us this ability to have digitally scarce value that could be transferred peer-to-peer 24-7 without using any intermediaries. So that's one that we're very, very excited about. It was very mission aligned for us and very core to the ethos of the space. The other is around the use of tokenized securities in DeFi. As we were talking about earlier, DeFi has certain advantages over traditional finance from an infrastructure perspective, you know, a big one is the unbundling of financial services. So today, you know, you hold your securities at a particular broker dealer, and then you have to get trade execution and lending and custody, you know, an advisory and all sorts of services from that broker dealer. And if you want to, you know, if you want to trade elsewhere, you know, or get a margin loan from someone else, you're gonna move all your securities to another BD and that takes like days or weeks. And as a result, each of these BDs, each of these platforms is able to charge a lot of hidden fees, if you will, like margin rates or like pretty crazy for retail in the US. And there just isn't as much competition as there would be in a more open, composable environment like what we see in DeFi. So we're only at the early innings of doing this, but once we have DeFi with a bunch of tokenized stocks in it, I think that's gonna open the door to like cheaper, better financial services for even folks in the US. And in addition to what you mentioned with DeFi and accessibility, is it also we're kind of exporting our capital markets if the person in Latin America or in some country in Africa who couldn't access these assets now can but it also brings in liquidity to the issuers. Oh yeah. I mean hugely accretive to issuers. I mean asset managers are a subset of that in seeing the value prop of selling their funds to more folks but corporates as well. So for now we're tokenizing stocks of corporations that already trade on Nasdaq and New York Stock Exchange but certainly tomorrow we could be tokenizing stocks for companies that might not actually need to or want to trade on, you know, those big exchanges. Right. And then, also, do you see an opportunity for private equity? Like if I'm an entrepreneur and I want to raise capital and I have the world, I have more opportunities outside of just the United States to have participants. And it doesn't necessarily have to be a fund, it could be an individual that I can access some more liquidity and more people come participate. Yeah, absolutely. It's not our current focus. You know, we have to sequence these things and I just don't think it's like quite the lowest hanging fruit yet. There are other challenges that tokenization can't solve that need to be worked through as well, like reducing info asymmetry and creating better price discovery mechanisms for a lot of these assets. But those are being solved in parallel. And you look at certain asset managers. You look at Apollo, for instance. They're doing a lot of work to make private assets more liquid and more retail accessible through certain ETFs with private credit in them. So there's definitely a trend of private assets becoming more retail accessible. and tokenization is an accelerant of that trend. And then do you eventually see assets like real estate being tokenized and precious? Well, there's some precious metals being tokenized right now, some folks that put gold on chain and so forth, but real estate being the largest asset class, that going on chain and maybe folks tokenize some building here in the Manhattan, I should say. And that's appealing to a lot of folks because hey, I can get a fraction of this property in the middle of Manhattan. That's probably a good investment, right? Just thinking long-term. I don't know. It's not my space. I would say that real estate falls in the camp of areas where there's a lot of problems that tokenization can't solve. Like it might be part of the solution, but, you know, the status quo of, I guess there's a couple of camps, right? There's the folks that are trying to like, you know, put title on chain for like sort of, I don't know, lower value, you know, single family or, you know, type, real estate. And then, you know, they have to contend with like all sorts of very antiquated, you know, laws and rags and processes for that. So I don't know how that's going. And then to your point, there's other folks that are trying to take some like marquee property, like, you know, the Burj Khalifa and let's like, you know, tokenize that and make it more accessible. I think that's a little more tangible. Like sure we would know how to do that for instance like right that actually wouldn't be very very hard to do So I don't know I think that's That's more feasible. I don't know what the demand is for that right now So I think your point you brought up there demand is important because if you don't have a market or liquidity for it and Like dead right who's gonna want to get a participate? But it just depends on the asset or the building or whatever it is if it has mass penetration I guess and or mind share or whatever you call it and people know oh the Empire State Building I know what that is and I could be in another country yet Let me get a few tokens of the Empire State Building or something like that And this is why we started by tokenizing assets that already have Established market prices and deep liquidity. Yeah, so we don't you know If you tokenize an asset that isn't yet liquid then you have to build both sides of the marketplace at the same time run whereas You know in our case like Even if there aren't any other new sellers like there's a lot of sellers on the stock market And we're just like making you know that liquidity available on chain. So it it works for a buyer almost just as well whether you know, they're coming to our platform the day that it launched or You know in a more distant future where there's a whole bunch of sellers on chain I mean at some point we may have more actual liquidity formation even for public stocks on-chain particularly as we start thinking about weekend trading where there isn't yet liquidity traditionally but we already have a lot of liquidity so the product works quite well even without new price discovery. What's on your roadmap that you can highlight? We think that it's table stakes for tokenized stocks to really take off that you know a holder of a tokenized stock has access to all of the same services at at least, you know, as good or better terms as would a holder of traditional stock. So today, I mean, really just in the last six weeks, they have the ability to buy and sell at the same liquidity, but they don't yet have the ability to like margin their tokenized stock at the same sort of margin rates that you could get at, you know, a prime brokerage account in the US. So offering, offering that is very top of mind. Maybe that's all leaked for now. There's other services that you can imagine that folks have access to, you know, in the U.S., like, you know, Deriv's would be a big one that there's still a need for on chain. So, yeah. Well, a lot of folks are looking forward to the market structure bill passing. That's we got the government shutdown and the bill is in the Senate. But once that passes, what impact do you think it's going to have on the industry as as far as innovation and growth? It's a good question. I mean, it's not something that's super top of mind for us because I think it mostly contends with questions related to like what isn't, isn't a security or at least that's like the crux of the focus of much of the industry. And we're just in the land of accepting that everything that we deal with is a security. Okay, yeah. So, you know, we are able to make quite a lot of progress around things like bringing tokenized securities into the U.S., even without having to wait for new legislation. Oh, for sure. Nathan, great stuff. We're gonna have to do a longer form interview in person in my studio at some point. And I'm looking forward to the future updates around Honda, but thank you so much for taking the time. Thanks for having me. This episode is brought to you by iTrust Capital. iTrust Capital gives you a great alternative for buying, selling, and custodying your crypto assets. They allow you to set up a self-directed IRA, which gives you huge tax advantages. 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0xUpkiba @0xUpkibaVn · 2026-05-28T00:35:32+00:00

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Can i get GM @quipnetwork

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Ondo GM Alerts @gm_alerts · 2026-05-28T20:01:48+00:00

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GM trades are now RESUMED for the postmarket session. Trading will be open until 7:59pm EDT (4 hours from now)

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