Wellington Partners with Ondo Finance to Provide Intraday Liquidity for Tokenized U.S. Treasury Fund

Wellington Management, one of the world’s largest independent asset managers with over $1 trillion in assets, has partnered with Ondo Finance to bring institutional-grade liquidity to its newly launched tokenized U.S. Treasury Fund. This fund is part of a groundbreaking initiative led by Libeara, a leading tokenization platform backed by Standard Chartered's SC Ventures, to enable traditional assets on blockchain. 

Through this collaboration, Wellington Management has selected Ondo Finance to provide its technology to support intraday redemptions, a critical component for the fund’s use as collateral and seamless cross-border settlement. Ondo Finance’s 24/7 redemption technology will empower investors to exit their positions whenever necessary, further enhancing the fund’s utility in the Web3 ecosystem.

The Delta Wellington Ultra Short Treasury On-Chain 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 partner with Wellington on this pivotal step forward for onchain finance,” said Nathan Allman, CEO of Ondo Finance. “By enabling 24/7 liquidity, 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. In addition to its partnership with Wellington, Ondo is 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.