Ondo Finance raises $10 million in public token sale

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Ondo Finance raises $10 million in public token sale
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Ondo Finance raises $10 million in public token sale (by Yogita_Khatri5)

Ondo was launched last year by former Goldman Sachs employees.

Sharing the news exclusively with The Block on Wednesday, Ondo Finance said more than 16,500 people bought its native ONDO token during the sale, which was conducted via CoinList on May 12 and 13 — just days after the implosion of the algorithmic stablecoin TerraUSD . Ondo was founded last year by Allman and Pinku Surana — two former Goldman Sachs employees — to provide structured products built on top of decentralized exchanges.

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