Founders Fund, Pantera Invest in DeFi Investment Bank Ondo Finance

The token will provide voting rights in the DAO, which will include the ability to control components of the smart contracts and to dictate some strategic decisions like partnerships with chains and stablecoins. The tokens will initially be globally non-transferrable, meaning the tokens can’t be sold in a secondary market, Allman told CoinDesk, partly to give Ondo time to set up liquidity mining to drive adoption.