Ondo Finance has officially announced the launch of its USDY fund, backed by short-term US Treasuries and bank deposits, on the Sei Network.
Following the news, the ONDO token price jumped by 12.6%, reflecting strong investor confidence in the expanding potential of the tokenized real-world asset (RWA) sector.
Ondo Finance Taps Sei Network for Onchain US Treasuries Rollout
This event carries special significance, as it marks the first time a US government bond product has been tokenized on a truly scalable blockchain, Sei Network (SEI). It marks a strategic move to bring regulated financial products into the DeFi ecosystem.
US Treasuries have long been regarded as the “safe haven” asset in traditional finance. With tokenization, fractionalizing, transferring, and owning bonds become far easier, more transparent, and more efficient than with traditional methods.
“USDY will be the first tokenized…
