💎 #Ondo Finance is a blockchain protocol enabling the tokenization of Real-World Assets (#RWA ) such as US Treasury bills, guaranteed interest bond securities issued by the United States government .
💎 Thanks to blockchain, Ondo Finance ensures transparency and traceability previously unmatched in traditional finance (TradFi), a source of greater investor confidence.
🟢 With mechanisms that you will discover throughout this article, Ondo Finance intends to provide an infrastructure allowing the development of on-chain solutions for real-world assets.
🟢 Accompanied by trusted partners such as #blackrock or #PIMCO , behemoths of the traditional financial sector, Ondo Finance is positioning itself as a major player for the tokenization of Real-World Assets.
🟢 Ondo Finance recently made headlines by transferring $95 million into BlackRock's BUIDL tokenized fund to enable instant settlements of its OUSG token backed by US Treasury bills.
🔶 Previously backed by a BlackRock ETF, the OUSG token was only traded during traditional market hours, which was problematic in crypto markets.
🔶 This new allocation accelerates subscription and redemption times with instant settlement, making the OUSG token more attractive. Ondo Finance thus made its mark by becoming one of the only cryptographic partners of BlackRock.
🏛️ Ondo Finance raised $24 million from investors such as Coinbase Ventures, Pantera Capital, Digital Currency Group (DCG) and Business Angel (BA) such as Richard Ma (Quantstamp). A public sale was also held with $22 million raised. In total, Ondo Finance raised $46 million.
🏛️ Ondo Finance products are available on several blockchains, namely:
1) Ethereum ;
2) Solana ;
3) Polygon (only on the OUSG token).
4) Mantle (only on the USDY token).
5) Sui (only on the USDY token).
6) Aptos (only on the USDY token).
