Tokenized US Treasuries appear on DeFi marketplace Ondo Finance

The Ondo Finance project, which specializes in providing services in the field of decentralized finance, announced the creation of tokenized US Treasury bonds. The announcement took place on the Twitter account of Nathan Allment , the chief executive officer of the DeFi platform.

According to the top management of Ondo Finance, treasury bonds are the first step in providing a wide range of securities for investors:

While we intend to offer a wide range of securities and other lending products to investors, we are starting with short-term US Treasuries through large, highly liquid ETFs managed by institutions like Blackrock and PIMCO.

This is not the first time a digital alternative to Treasury bonds has emerged. Last October, the Israeli Ministry of Finance, in cooperation with the Tel Aviv Stock Exchange, launched a project to tokenize bonds.

Nathan Allment, CEO of Ondo Finance, said that the following new products are available on the DeFi platform for investors with stablecoins and fiat currency in their portfolios:

• US Government Bond Fund (OUSG). Securities that target short-term US Treasuries
• Short-Term Investment Grade Bond Fund (OSTB). Corporate bonds with a high rating, which are calculated for the short term
• High Yield Corporate Bond Fund (OHYG). High Yield Corporate Bonds

According to the executive director of the DeFi platform, new tools can help make financial markets more transparent, efficient and accessible, and this will be facilitated by Ondo Finance protocols that support security tokens.

All clients of the DeFi platform will have an income from their tokenized assets, as well as the ability to transfer digital securities to other people who are on the white list. According to Ondo Finance, the annual fee for holding bonds will be 0.15%.

Ondo Finance is a platform based on the principles of decentralized finance, which was created in 2021 by former employees of one of the largest investment banks in the world, Goldman Sachs. The project was able to raise about $4,000,000,000 and earn the trust of cryptocurrency traders and investors from all over the world, and in April last year, as part of the investment round, Ondo Finance received another $20,000,000. In May, the DeFi platform was able to raise an additional $10,000,000 through a token sale on the CoinList platform, which specializes in such events.