Ondo Finance launches tokenized US Treasuries, bonds for stablecoin holders

DeFi steadfast Ondo Finance launched a tokenized money connected Jan. 10 that allows stablecoin holders to put successful bonds and U.S. Treasuries.

The steadfast offered 3 products: the U.S. Government Bond Fund (OUSG), Short-Term Investment Grade Bond Fund (OSTB), and High Yield Corporate Bond Fund (OHYG). These products are short-term US treasuries and bonds successful fashionable ETFs managed by firms similar Blackrock and PIMCO.

OUSG offers an yearly percent output (APY) of 4.62%, portion OSTB provides a somewhat higher APY of 5.45%. OHYG offers gains of 8.02% annually.

Meanwhile, Ondo Finance volition complaint a absorption interest of 0.15% annually.

CEO Nathan Allman said:

“One of our goals is to marque it speedy and casual for investors to person backmost and distant betwixt stablecoins and accepted assets, with an accent connected highly liquid, low-risk products similar short-term US Treasuries.”

Allman added that stablecoin holders, alongside DAOs and start-ups, volition astir apt payment from his firm’s offering due to the fact that it bridges the spread betwixt debased and risky on-chain yields with safer and higher-yielding alternatives.

Ondo raised $20M successful a Series A circular led by Peter Thiel’s Founders Fund and Pantera Capital successful April 2022. The DeFi steadfast aboriginal raised an further $10 cardinal done nationalist token income successful the aforesaid year.

The station Ondo Finance launches tokenized US Treasuries, bonds for stablecoin holders appeared archetypal connected CryptoSlate.