Ondo Finance partners with Noble to bring its tokenized treasury bond product to Cosmos

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2024/04/18 12:51

ChainCatcher news, according to CoinDesk, real world asset (RWA) tokenization platform Ondo Finance announced that it has partnered with asset issuance chain Noble to introduce its tokenized U.S. Treasury bond products into the Cosmos ecosystem.

It is reported that the first asset Ondo plans to issue locally through Noble is USDY, a tokenized note backed by short-term US Treasury bonds with an annual yield of 5.2%, targeting the end of the second quarter of this year.

Additionally, USDY is currently available on Ethereum, Solana, Mantle, and Sui.

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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