Real-World Asset Platform Ondo Finance Expands Tokenized Treasurys to Polygon
Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
Tokenized real-world asset (RWA) platform Ondo Finance is expanding beyond the mainnet to the network, the company said Thursday.
The platform has issued its token, a tokenized version of BlackRock’s short-term U.S. government bond exchange-traded fund, natively on Polygon as part of a “strategic alliance,” according to a press release.
The firm also plans to bring its upcoming , which is a tokenized money market fund called OMMF, as well as the Ondo-developed decentralized lending marketplace – pending governance approval – to Polygon, Justin Schmidt, president and chief operating officer of Ondo, said in an interview.
The development comes as demand for tokenized versions of traditional financial instruments such as U.S. Treasurys is growing among investors, as bond yields have surpassed rates in decentralized finance () lending markets. Wealth management firm Bernstein that tokenization of RWAs could grow to $5 trillion in market value in the next five years.
Tokenized Treasurys has grown to a , with Ondo Finance’s OUSG token claiming a significant share of $134 million since its inception in January. Flux Finance, developed by Ondo’s team and governed by a decentralized autonomous organization () through community votes, lets investors take out loans by pledging OUSG as collateral. It has $44 million of total value locked on the platform, according to .
Ondo’s move follows asset management giant Franklin Templeton, which made its tokenized Franklin OnChain U.S. Government Money Fund () after releasing it on Stellar in 2021.
Polygon is a layer 2 scaling network of Ethereum that allows users to transact more cheaply and faster than on the mainnet, which is prone to clogging during times of high blockchain activity, while still relying on Ethereum’s security.
“Ondo Finance building on Polygon is a crucial step toward bridging the gap between DeFi and institutional-grade finance,” said Colin Butler, global head of institutional capital at Polygon Labs.
Edited by Nelson Wang.
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.
You may also like
REX-Osprey Secures 76,617.48 SOL Worth 15 Million
Quick Take Summary is AI generated, newsroom reviewed. REX-Osprey acquires 76,617.48 SOL worth $15 million, boosting its crypto portfolio. Acquisition highlights growing institutional interest in Solana and altcoin investments. Staking rewards provide additional passive income alongside potential SOL price appreciation. Fund’s move signals broader trend of structured institutional crypto adoption. Future expansion plans include other Layer 1 blockchains and diversified ETFs.References JUST IN: REX-Osprey b
MoonBull Whitelist Deadline: Early Entry Compared to Meme Coin Volatility
- MoonBull ($MOBU), an Ethereum-based meme coin, launches its presale on September 26, 2025, with a fully subscribed whitelist offering early access and exclusive rewards. - The project mirrors Shiba Inu and Brett’s success by combining community-driven momentum with DeFi perks like staking bonuses and roadmap insights for whitelisted participants. - Built on Ethereum’s ERC-20 standard, MoonBull emphasizes security and scarcity, aligning with meme coin trends while prioritizing early adopters through limit
Boomer “Spend-Down” Approach Expands $124 Trillion Wealth Transfer Divide
- Gen Z and Millennials (54-59%) expect inheritance for financial security, while only 22% of boomers plan to leave assets. - Boomers prioritize "spend-down" lifestyles and healthcare costs over inheritance, with 46% allocating funds for medical expenses. - Younger generations increasingly rely on parental support (33% of Millennials) amid housing costs and student debt. - Generational tensions emerge from divergent economic experiences, with experts urging open communication to avoid family conflicts. - T
LYS Labs Bridges the Analysis-to-Action Gap in Just 14ms
- LYS Labs transitions to a Solana OS for automated finance, completing Phase 1 with ultra-low latency data infrastructure. - Its LYS Flash engine enables sub-36ms settlements, bridging alpha generation and execution gaps in high-frequency trading. - Partnerships with Chainlink and DEXes provide 14ms latency data pipelines, enhancing real-time trading and liquidity analysis. - 620+ developers and 16B processed events highlight demand for structured blockchain data in AI-driven capital allocation. - The roa
Trending news
MoreCrypto prices
More
