Ondo Finance has transferred 95 million US dollars to BlackRock's tokenized fund
According to TechFlow news, Nathan Allman, CEO of RWA platform Ondo Finance, stated that Ondo Finance is transferring $95 million in assets to BlackRock's new tokenized fund BUIDL. This allows its own US Treasury-backed token (OUSG) to be settled instantly.
Allman added that over the past few days, Ondo has transferred $15 million of OUSG-supported assets to BlackRock's BUIDL and plans to transfer another $80 million before the end of Wednesday.
Previously reported, RWA protocol Ondo Finance announced the launch of 24/7/365 instant investment and redemption for its OUSG tokens. It will also introduce a new form of token called rOUSG-OUSG which offers a constant minting/redemption price at $1.00 per share. Investors can convert through their website or on-chain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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