Ondo Finance launches tokenized US Treasuries, bonds for stablecoin holders
Ondo finance for DeFi farms launch A tokenized fund that allows stablecoin holders to invest in bonds and US Treasuries.
office offer There are three products: US Treasury 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 his ETFs managed by companies such as Blackrock and PIMCO.
OUSG has an annual yield (APY) of 4.62%, while OSTB has a slightly higher APY of 5.45%. OHYG offers an annual profit of 8.02%.
Ondo Finance, on the other hand, charges an annual management fee of 0.15%.
CEO Nathan Allman Said:
“One of our goals is to allow investors to quickly and easily exchange between stablecoins and traditional assets. The focus will be on low-risk products.”
Allman added that stablecoin owners, along with DAOs and startups, are most likely to benefit from his company’s proposal.
Ondo Raises $20 million In a series A round led by Peter Thiel’s Founders Fund and Pantera Capital in April 2022. Raised That same year, another $10 million through a public token sale.
