In mid-2022, Ondo Foundation, through its subsidiaries, sold ONDO tokens to over 18,000 individuals through CoinList. ONDO token holders are entrusted with shaping the future of the Ondo DAO so that it continues to pursue its mission to democratize access to institutional-grade finance. The Ondo DAO gives ONDO holders specific rights pertaining to Flux Finance, which is currently governed by the Ondo DAO. The Ondo Ecosystem encompasses the full set of partners working with or affiliated with the Ondo Foundation that are aligned with the mission of bringing institutional-grade financial products and services to everyone. Contributors to the Ondo Ecosystem include developers, educators, researchers, partners, and strategic contributors.