[vc_row full_width=”stretch_row” css=”.vc_custom_1531732107238{background-color: #fcc118 !important;}”][vc_column]

[/vc_column][/vc_row][vc_row css=”.vc_custom_1531730959461{border-bottom-width: 1px !important;background-color: #f9fafb !important;border-bottom-color: #eef3f7 !important;border-bottom-style: solid !important;}”][vc_column css=”.vc_custom_1531891416301{margin-bottom: 0px !important;}”][bsfp-cryptocurrency style=”widget-6″ align=”auto” columns=”2″ scheme=”light” coins=”top-x-coins” coins-count=”8″ coins-selected=”” currency=”USD” title=”Cryptocurrencies” show_title=”0″ icon=”” heading_color=”” heading_style=”default” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ css=”.vc_custom_1531730265600{margin-bottom: 0px !important;}” custom-css-class=”” custom-id=””][/vc_column][/vc_row]

Ondo Finance launches tokenized US Treasuries, bonds for stablecoin holders


DeFi firm Ondo Finance launched a tokenized fund on Jan. 10 that allows stablecoin holders to invest in bonds and U.S. Treasuries.

The firm offered three 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 in popular ETFs managed by firms like Blackrock and PIMCO.

OUSG offers an annual percentage yield (APY) of 4.62%, while OSTB provides a slightly higher APY of 5.45%. OHYG offers gains of 8.02% annually.

Meanwhile, Ondo Finance will charge a management fee of 0.15% annually.

CEO Nathan Allman said:

“One of our goals is to make it quick and easy for investors to convert back and forth between stablecoins and traditional assets, with an emphasis on highly liquid, low-risk products like short-term US Treasuries.”

Allman added that stablecoin holders, alongside DAOs and start-ups, will most likely benefit from his firm’s offering because it bridges the gap between low and risky on-chain yields with safer and higher-yielding alternatives.

Ondo raised $20M in a Series A round led by Peter Thiel’s Founders Fund and Pantera Capital in April 2022. The DeFi firm later raised an additional $10 million through public token sales in the same year.

Read Our Latest Market Report

Connect your wallet, trade with Orion Swap Widget.

Directly from this Widget: the top CEXs + DEXs aggregated through Orion. No account, global access.

Leave A Reply

Your email address will not be published.