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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.

(By Oluwapelumi Adejumo)

stablecoin DeFi
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