Ondo Finance Leveraging BlackRock’s Tokenized Fund to Revolutionize OUSG Transactions
Ondo Finance Moves $95 Million to BlackRock’s Tokenized Fund
In a groundbreaking development, Ondo Finance has allocated $95 million to BlackRock's BUIDL, facilitating instant settlements for its OUSG token, a first in crypto utilizing a tokenized fund for enhanced transaction speed.
Ondo Finance Leverages BlackRock’s Fund to Boost T-Bill Token Speed
Nathan Allman, CEO of Ondo Finance, mentioned that the shift to BlackRock’s BUIDL will significantly expedite the subscription and redemption process for OUSG, transitioning to instantaneous transactions.
Tokenized US Treasury Fund Revolution
This move validates the tokenization of traditional securities on public blockchains as the next evolution in financial markets. The collaboration between BlackRock and ecosystem participants paves the way for future market developments.
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