Patrick McHenry Joins Ondo Finance as Vice Chairman

🏛️ Congress to Crypto: Plot Twist

By Ondo Finance
Mar 6, 2025, 4:16 PM
twitter
News article
Photo by Ondo Finance

Former House Financial Services Committee Chairman Patrick McHenry has joined Ondo Finance as Vice Chairman of the advisory board.​

McHenry brings significant policy experience, including:

  • Leading the bipartisan FIT21 Act passage
  • Serving as Speaker Pro Tempore in 2023
  • Championing digital asset innovation

He will focus on:

  • Government relations strategy
  • Regulatory engagement
  • Thought leadership in tokenized securities

The move underscores Ondo's commitment to US-led innovation in digital assets and real-world asset tokenization.​

Read full announcement

Sources
Read more about Ondo Finance

Industry Leaders to Discuss Future of Tokenization at Permissionless Conference

Industry Leaders to Discuss Future of Tokenization at Permissionless Conference

Key industry figures will gather at the Permissionless conference to explore the future of global financial systems and tokenization. **Panel Participants:** - Nathan Allman (Ondo Finance CEO) - Christine Moy (Apollo Global) - David Schwartz (Ripple) - Joe Cutler (Perkins Coie LLP) - Ben Strack (Blockworks) The session, titled *Rebooting the Global Financial System*, will focus on how tokenization is transforming capital markets. Ondo Finance's Head of Ecosystem, Armand Khatri, will also be present for networking and discussions about tokenized assets.

Ondo Finance Expands from Stablecoins to Tokenized Securities

Ondo Finance Expands from Stablecoins to Tokenized Securities

Ondo Finance CEO Nathan Allman outlines the company's vision to bring US equities, ETFs, and bonds on-chain through Ondo Global Markets. The platform aims to replicate stablecoins' success in making dollars globally accessible, but for traditional securities. Key developments: - OUSG (tokenized US Treasuries) has reached $690M TVL - Partnership with JPMorgan and Chainlink for bank payment integration - Launch of Global Markets Alliance with Trust Wallet, Bitget, Fireblocks The initiative comes amid growing institutional adoption of tokenized assets, with the US Treasury market seeing $4.7B growth (+544.8%) in 2024.

Institutional Adoption and Regulatory Clarity Signal Web3 Maturity

Key figures in the blockchain space indicate that institutional adoption and technological readiness have reached a critical point. Nathan Lallman of Ondo Finance and Chainlink's Sergey Nazarov emphasize that regulatory clarity is the final piece needed for widespread US adoption. Ondo's Ian De Bode highlighted on Nasdaq TradeTalks that major banks and asset managers are positioning themselves as regulatory clarity emerges. He noted: - Large institutions actively seeking blockchain infrastructure - Growing demand for onchain financial services - Ondo's expanding infrastructure network supporting institutional needs The convergence of institutional interest, technological maturity, and pending regulatory framework suggests a significant shift in the financial landscape.

Artemis Report Highlights Growth in Onchain Stablecoin Yields

A new Artemis report examines the evolution of onchain stablecoin yields and increasing institutional adoption, with Ondo Finance playing a key role. The analysis points to a clear trend of global markets transitioning to blockchain infrastructure. Key developments: - Growing adoption of tokenized treasuries - Expanding institutional participation - Launch of Ondo Global Markets and Ondo Chain upcoming Traditional finance players are expected to take greater notice as demand increases for tokenized securities.

U.S. Senate Passes GENIUS Act: First Comprehensive Stablecoin Legislation

The U.S. Senate has approved the GENIUS Act with bipartisan support, marking a watershed moment for digital asset regulation. This first comprehensive stablecoin legislation aims to establish clear regulatory frameworks for blockchain-based dollar alternatives. Key points: - First major stablecoin regulation in U.S. history - Strong bipartisan backing in Senate - Positions U.S. as innovation-friendly jurisdiction - Supports 24/7 permissionless access to USD The bill's passage signals U.S. commitment to fostering domestic digital innovation rather than pushing development offshore.

DeFi