<\/p>\n
The real-world asset protocol is also introducing instant subscriptions and redemption for its OUSG tokenized fund.<\/p>\n
Ondo Finance, a real-world asset (RWA) protocol with $220 million in total value locked (TVL), plans to reallocate the majority of assets in its tokenized U.S. Treasuries fund OUSG into BlackRock’s recently launched<\/a> USD Institutional Digital Liquidity Fund (BUIDL).<\/p>\n Its flagship OUSG fund has $88 million in assets and provides liquid exposure to short-term U.S. Treasuries. According to the project<\/a>, BlackRock’s embrace of securities tokenization validates ONDO Finance’s original concept of a tokenized US Treasury fund and reinforces the belief that the tokenization of traditional securities on public blockchains represents the next evolution in financial markets.<\/p>\n Asset management behemoth Blackrock launched BUIDL on Ethereum earlier in March, and it has already amassed $245 million of assets, making it the second-largest tokenized Treasury product, according to rwa.xyz<\/a>.<\/p>\n Ondo is also launching instant subscriptions and redemptions for OUSG in response to its clients’ growing demand for faster settlement processes. Traditionally, OUSG redemptions have taken a few business days due to the settlement times of the underlying securities.<\/p>\n Additionally, Ondo will introduce a new rebasing version of OUSG called rOUSG, which will have a fixed $1.00 per share mint\/redeem price and daily yield distributions in the form of additional rOUSG tokens.<\/p>\n The protocol\u2019s ONDO token has been a major beneficiary of the ongoing tokenized RWA boom, surging more than ten-fold since launching in January.<\/p>\nInstant Settlement<\/h2>\n