DeFi Project Ondo Finance Releases Tokenized US Treasuries
The Ondo Finance project, which focuses on decentralized investment products, has recently introduced tokenized versions of US bonds.
According to the blog post:
“While we intend to offer a wide range of securities and other lending products to investors, we are starting with short-term US Treasuries through large, highly liquid ETFs managed by institutions like Blackrock and PIMCO.”
According to Ondo Finance CEO and founder Nathan Allman, the new products are available to stablecoin and fiat currency holders. These include:
US Government Bond Fund (OUSG), focused exclusively on short-term US Treasury bonds, Short-Term Investment Grade Bond Fund (OSTB): Highly rated short-term corporate bonds as well as High Yield Corporate Bond Fund (OHYG): high yield corporate bonds.
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