According to Odaily Planet Daily, Ondo Finance, together with BlackRock and Securitize, submitted a proposal to introduce Ondo short-term US Treasury bonds OUSG to Sky (formerly MakerDAO)'s Spark tokenization competition.

OUSG is an on-chain financial product that provides returns consistent with short-term U.S. Treasury bonds, with an asset management scale of approximately $229 million. Ondo hopes that OUSG can become an effective support for Sky's stablecoin USDS and enhance the income and liquidity of the Sky ecosystem.