Ondo Finance has transferred $95 million into BlackRock's Token Fund for instant settlement of its T-Bill token. This is the first example of a cryptocurrency protocol using BlackRock's crypto fund to provide its own service. Ondo has moved the assets backing its OUSG token to BlackRock's BUIDL Token Fund from a bond ETF. Nathan Allman, CEO of Ondo Finance, said that this will make the OUSG token easier to use and instantly payable. Ondo has transferred $15 million into BlackRock's fund in recent days and plans to transfer another $80 million by the end of Wednesday. This marks a first step forward in using BlackRock's token fund for crypto services.

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