Ondo Finance launches three tokenized U.S. Treasuries and bonds
Ondo Finance, a DeFi firm offering decentralized investment opportunities, has launched tokenized versions of U.S. treasuries and bonds. These tokenized products let stablecoin holders invest in bonds and treasuries, Ondo Finance noted in a company blog post.
The three offerings upon launch include the U.S. Government Bond Fund, Short-Term Investment Grade Bond Fund and High Yield Corporate Bond Fund. Bond investors can net tokenized fund interests approved by smart contracts that are transferrable on-chain, according to the post. Ondo Finance earns a 0.15% annual management fee through these bonds. Ondo Finance previously raised $10 million in a public token sale on July 6, 2022, The Block reported at the time.
Source
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