What is ondo backed by?

Could you please elaborate on what exactly is backing Ondo? Could you provide some insights into the foundation or the support system that underpins its operation? Is it based on a solid technological infrastructure, or does it rely on a particular economic model? Additionally, are there any notable institutions or partners that provide support or endorsement to Ondo? I'm curious to know the specifics of its backing and the factors that contribute to its stability and credibility.