Ondo is natively deploying its flagship tokenized US Treasuries products, OUSG and USDY, on the Solana network.
Solana has recently become an undeniable hotbed of activity and a blackhole for incoming liquidity. Earlier this month, Solana eclipsed Ethereum in 24-hour DEX trading volume for the first time in history- an achievement magnified by the fact that Ethereum has a market cap more than eight times larger. Ethereum remains the home of value, but market activity shows developing tastes from participants and Ondo aims to deliver pathways when and where there is demand for access to Real World Asset (RWA) products.
Ondo Finance’s core mission has always been to scale access to institutional-grade financial products on-chain. Solana’s day one mission has been to provide low-latency and affordable on-chain transactions. Bring the pair together, and the ecosystem will have access to institutional-caliber TradFi products at the lowest possible cost basis for users.
The native issuance of OUSG and USDY will bring US Treasuries access to the Solana ecosystem. It is no secret that, as of late, Solana has become the house of speculation, and Ondo seeks to introduce a counter-balance facilitating a broader push to maturity.
Nathan Allman, Founder and CEO of Ondo Finance, stated:
'The Solana DeFi ecosystem has demonstrated great resilience and growth potential… Integrating Ondo’s offerings with Solana not only aligns with our strategic growth but also paves the way for novel decentralized finance applications leveraging tokenized US Treasuries, benefitting a wide array of developers and users.’
OUSG is a wrapper of a BlackRock US Treasuries ETF (SHV) and is only available for accredited investors. Protocols will be able to integrate OUSG, introducing a stable and highly liquid collateral across the Solana ecosystem. USDY perfectly mirrors Solana’s grassroots explosion, providing a yield-bearing stablecoin alternative to ecosystem participants, and will be available on Solana’s leading DEXs such as Orca and Raydium. Alternatively, USDY can be acquired by onboarding directly with Ondo Finance. USDY turns the typical stablecoin model on its head. Instead of issuers skimming all interest payments off the top, the holders earn the majority of the underlying yield, and this dollar-denominated yield is broadening its horizons.
Innovation has always been the name of the game, and Ondo will keep pace. Listening to the market and following liquidity flows benefits the broader growth mission and inserts opportunities for investors of all risk tolerances wherever they may have their funds.
Ondo looks forward to seeing how OUSG and USDY are utilized within one of crypto’s fastest-growing ecosystems. It is time to begin the RWA drive on Solana, and Ondo Finance proudly leads the way.
The USDY Tokens are not being offered or sold, and will not be offered or sold, in the United States or to US persons. In addition, the USDY Tokens have not been registered under the Securities Act of 1933, as amended (the "Act") or the securities laws of any other jurisdiction, and may not be offered, sold or otherwise transferred in the United States or to US persons unless the securities are registered under the Act, or an exemption from the registration requirements of the Act is available. Additional limitations on transfer also apply.
Ondo Finance provides institutional-grade, blockchain-enabled investment products and services. Ondo has an asset management arm that creates and manages tokenized financial products as well as a technology arm that develops decentralized finance protocols and other blockchain solutions.
Ondo’s first core products are tokenized cash equivalents that deliver very low risk, high quality yield from U.S. Treasuries, money market funds, and similar instruments, offering on-chain investors an alternative to stablecoins where holders rather than issuers earn the vast majority of the underlying asset yield.
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