Ondo Finance Works With Libeara to Provide Intraday Liquidity for Tokenized US Treasury Fund

Ondo Finance is proud to announce its plans to bring its onchain transaction technology to a New Tokenized U.S. Treasury Fund sub-managed by Wellington Management and tokenized by Libeara

Ondo Finance is proud to announce its plans to become an anchor investor in a new tokenized US Treasury Fund (the “Fund”) and to bring its onchain transaction technology to the Fund.

Libeara, a real-world asset (RWA) tokenization platform backed by SC Ventures, announced a strategic collaboration with FundBridge Capital, an established Singapore MAS-regulated platform provider for fund managers, to introduce the Fund. Wellington Management Singapore Pte. Ltd. will act as sub-manager for the Fund.

Ondo Finance intends to utilize its technology to enable transactions in the Fund’s tokens, a critical component for the fund’s use as collateral and seamless cross-border settlement. Ondo Finance’s 24/7 trading technology will empower investors to exit their positions whenever necessary, further enhancing the Fund’s utility in the Web3 ecosystem.

The Fund is modeled after the SGD Delta Fund, the first tokenized fund to receive a rating of Aa from Moody’s. This sets a standard for the security and stability of the fund’s structure and gives credibility that tokenization, when done correctly, does not inherently alter the risk profile of traditional financial assets. These standards provide the credibility needed for institutional investors and pave the way for broader adoption of tokenized assets.

"We’re thrilled to explore ways to support onchain finance initiatives driven by Libeara and Wellington Management,” said Nathan Allman, CEO of Ondo Finance. “By bringing onchain transaction technology to this new fund, Ondo Finance is ensuring that tokenized assets can be most effectively used as collateral and for cross-border settlement, including in the digital assets ecosystem. As the floodgates open for traditional asset managers to engage with blockchain, Ondo Finance is uniquely positioned at the nexus of traditional and onchain finance. Ondo is also actively working with other leading asset managers on real-time redemption capabilities, facilitating the transformation of blockchain-powered asset management. We will have more to announce on this soon.”

For more information on Ondo Finance, please visit ondo.finance.