Ondo Finance tokenizes institutional-grade financial products for broad retail access, while Superstate focuses specifically on tokenized U.S. Treasuries on Ethereum and Solana. Ondo offers a wider range of institutional finance products; Superstate is a more targeted fund for Treasury exposure. Ondo suits investors seeking diversified tokenized institutional assets; Superstate fits those wanting regulated, on-chain U.S. Treasury exposure across two major blockchains.
| Token Price | $0.4018 | $11.15 |
| 24h Change | ▼ 3.78% | ▲ 0.01% |
| Market Cap | $1.95B | $826.7M |
| TVL | $3.53BDefiLlama | $772.0MDefiLlama |
| MCap Rank | #41 | #78 |
| Total Raised | $56.0M | $96.5M |
| Founded | 2021 | 2023 |
| Stage | — | — |
| X / Twitter | 376K | 270 |
| GitHub Stars | 36 | — |
| Chains | aptosarbitrumavalanche | ethereumplumesolana |
| Tags | DeFi, Asset Management, RWA | DeFi, RWA, DeFi |
Ondo Finance democratizes access to institutional-grade finance by tokenizing real-world assets like U.S. Treasury bonds and stocks, enabling 24/7 trading and use as collateral in DeFi. Its Ondo DAO governs the Flux Finance lending protocol, the first to support tokenized securities as collateral.
Superstate issues USTB, an on-chain tokenized fund that invests in short-term U.S. Treasury and agency securities, targeting the federal funds rate with a 0.15% management fee. It enables qualified purchasers to subscribe and redeem using USDC, with daily NAV provided by NAV Consulting and compliant on-chain transfer through an Ethereum-based allowlist. The fund offers flexible custody options and is integrated into several ecosystems, including Solana, Ethereum, and Plume Network.