GREENWICH, CONN.

Ondo Finance, a leader in institutional-grade on-chain finance, is excited to announce the launch of USD Yield (USDY), the world’s first tokenized note secured by US Treasuries and bank deposits. USDY provides similar accessibility and utility as stablecoins while paying token holders a yield—5% APY at launch—and offering significantly enhanced investor protections.  The debut of […]

Ondo Finance today announced a novel token, OMMF, that allows global stablecoin holders to invest in tokenized exposure to US money market funds. OMMF will be purchasable and redeemable for one dollar and backed entirely by US government money market funds. Unlike traditional MMFs, OMMF will be globally transferable 24/7, on the Ethereum public blockchain, and […]

Ondo Finance (https://ondo.finance) today announced the launch of a tokenized fund allowing stablecoin holders globally to invest in bonds and US Treasuries. The fund seeks to close the widening gap between on-chain and off-chain yields, a potentially attractive opportunity for investors holding more than $100 billion in stablecoins, which they currently receive no yield on.  […]