Ondo Finance launched three tokenized U.S. Treasuries and bonds

Ondo Finance launched three tokenized U.S. Treasuries and bonds

Ondo Finance, a DeFi investment firm, has tokenized investments in U.S. government securities and bonds. Tokenized fund interests, which can be transferred on-chain and are verified by smart contracts, are issued to investors by the funds

Ondo Finance has introduced tokenized versions of U.S. treasuries and bonds, a DeFi firm providing decentralized investment opportunities.

According to a blog post by Ondo Finance, stablecoin holders can now invest in bonds and treasuries through tokenized products. Upon launch, investors can choose between three different products: the U.S. Government Bond Fund, the Short-Term Investment Grade Bond Fund, and the High Yield Corporate Bond Fund. CEO and founder of Ondo Finance, Nathan Allman, said:

"We envision these security tokens and protocols that support them as creating a compliant on-chain financial ecosystem supporting both permissioned and permissionless assets, ultimately improving the accessibility, transparency and efficiency of our markets."
CEO and founder of Ondo Finance, Nathan Allman
CEO and founder of Ondo Finance, Nathan Allman

Tokenized fund interests in bonds that have been approved by smart contracts and can be transferred on-chain are available to investors, as per the announcement. These bonds pay Ondo Finance a yearly management fee of 0.15 percent.

On July 6, 2022, Ondo Finance successfully raised $10 million in a public token sale.

In April 2022, Ondo Finance received $20 million in Series A funding, which was co-led by Peter Thiel's investment fund.

Disclaimer: Nothing on this site should be construed as a financial investment recommendation. It’s important to understand that investing is a high-risk activity. Investments expose money to potential loss.



Short description

Read more
Go to outpost

Join Our Telegram for Exclusive Market Insights!

Dive deep into the crypto market with our Telegram community, and stay ahead of the curve. It's your daily crypto brew, and it's on the house!

Jump aboard