Ondo Finance's TVL exceeds $2 billion, driven by its tokenized U.S. Treasury fund.

According to Mars Finance, as reported by TheDefiant, DefiLlama data shows that the total value locked (TVL) of tokenized platform and DeFi protocol Ondo Finance surpassed the $2 billion mark this week, setting a new all-time high. This figure is more than double the TVL in early March last year. Ethereum is the main network for Ondo's tokenized assets, with a total on-chain asset value of approximately $1.5 billion; Solana follows closely behind with a total value of approximately $248 million, while the BNB smart chain has a total value of approximately $123 million. The report states that as TVL expands, Ondo Finance's flagship product, OUSG (a fund holding tokenized short-term U.S. Treasury bonds), has also grown, currently holding over $820 million in Treasury bonds according to RWAxyz data.