Ondo wallet

What is Ondo (ONDO)?

ONDO is the governance token of the Ondo DAO, the body behind Ondo Finance, a protocol that brings tokenized real world assets such as US Treasury backed products onto public blockchains. Holding ONDO means holding a vote: token holders steer the DAO, which governs Flux Finance, a lending market where tokenized securities can serve as collateral. What ONDO does not give you is exposure to those securities themselves. Ondo's tokenized Treasury products (OUSG, USDY) are separate tokens with their own rules and, in some cases, holder restrictions. ONDO is freely transferable, carries no such restrictions and does not change balance or accrue anything by itself: one ONDO in the morning is one ONDO in the evening.

On the wallet side it is a plain ERC-20 on Ethereum. There is no token account to open, no rebase and no wrapped version you need to know about. Every send needs a little ETH for gas, so a holder keeps some ETH at the same address. Supported networks in Tangem (1): Ethereum.

One piece of history matters for a holder: the token was sold well before it became transferable, and transfers were unlocked only later. If you see old addresses or old balances discussed, that is why. The total supply is 10 billion ONDO with no scheduled inflation, with a large part held for ecosystem growth and released on a schedule.

A governance token tends to sit still for a long time between votes, and that is exactly the pattern Tangem is built for. The private key is born inside the card's chip and never leaves it; a second card from the same set restores access if the first is lost, and a seed phrase is something you can add, not something you must write down. For an asset you touch a few times a year, a key that cannot be exported is a stronger guarantee than one you have to hide somewhere.