Real-World Asset Platform Ondo Finance Expands Tokenized Treasurys to Polygon

United States News News

Real-World Asset Platform Ondo Finance Expands Tokenized Treasurys to Polygon
United States Latest News,United States Headlines
  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Tokenized real-world asset platform OndoFinance is issuing its short-term Treasurys token $OUSG natively on 0xPolygon and also plans to bring its upcoming tokens and DeFi protocol FluxDeFi to the network. By sndr_krisztian

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokenized U.S. Treasurys Surpass $600M as Crypto Investors Capture TradFi YieldTokenized U.S. Treasurys Surpass $600M as Crypto Investors Capture TradFi YieldCrypto investors now effectively lend $614 million to the U.S. government via tokenized Treasury products, according to rwa_xyz’s compilation, lured by the near-5% risk-free interest rate in traditional finance. sndr_krisztian reports
Read more »

12 Concerts to Catch in Cleveland in July12 Concerts to Catch in Cleveland in July12 concerts to catch in Cleveland in July
Read more »

Google Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and GamesGoogle Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and GamesGoogle Play announced a big shift in policy today, allowing developers to incorporate digital assets such as NFTs into their apps and games in the store. tobyleah reports:
Read more »

Google is spelling out rules for blockchain-based apps on AndroidGoogle is spelling out rules for blockchain-based apps on AndroidThe tokenized digital assets policy goes into effect on December 7th.
Read more »

Crypto regulation bill revived, and new report sheds light on digital asset crime: CNBC Crypto WorldCrypto regulation bill revived, and new report sheds light on digital asset crime: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jacqueline Burns Koven, the head of cyber threat intelligence at Chainalysis, explains the data revealed in the company's mid-year crypto crime report.
Read more »

Bank of England warns of risks from big hedge-fund bets against Treasury bondsBank of England warns of risks from big hedge-fund bets against Treasury bondsBig bets by hedge funds against Treasurys pose a risk to the global financial system, the Bank of England has warned.
Read more »



Render Time: 2025-02-21 09:53:59