The founders of Ondo were previously working on digital assets at Goldman Sachs. There they explored different opportunities and technologies for new products leveraging cryptocurrencies, decentralized finance and blockchains. Since banks are still restricted by regulations from engaging in crypto, the founders left to form Ondo to bring those ideas to market quickly.
Ondo is a well-funded startup in the DeFi space. We have developed risk management products that transfer risk from one party to another. For example, a risk-averse investor gets a fixed yield on their investment, while risk-neutral investors can leverage their bets for much higher volatile yields. We've found significant interest from large crypto investors who wish to earn interest with low risk while holding their assets for long-term appreciation.
We are witnessing an entirely new global financial system being developed on decentralized systems. Traditional banks are restricted from entering the space, regulators want to establish new rules without squashing innovation, and central banks are actively exploring digital money. Working at Ondo is an opportunity to help shape the future of finance.