Ondo Finance Leveraging BlackRock’s Tokenized Fund to Revolutionize OUSG Transactions

Thursday, 28 March 2024, 10:45

Ondo Finance has transferred $95 million to BlackRock's BUIDL tokenized fund, enabling instant settlements for their OUSG token. This groundbreaking move aims to enhance transaction speed and offer a seamless experience to investors in the crypto market.
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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.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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