BlackRock’s BUIDL Entry Boosts Tokenization of Over $1.1 Billion US Treasury Bonds

OUSG, issued by Ondo Finance, is a cash management and settlement tool for global institutions and high net worth individuals, including institutions and high net worth individuals within the United States. It has a licensed secondary market and is structured as an investment fund. OUSG was previously invested in the short-term government bond ETF (code SHV) issued by BlackRock and tokenized on the blockchain. Ondo Finance recently announced that a majority of OUSG’s assets will be reallocated to BUIDL, stating that tokenizing traditional securities on public blockchains represents the next significant step in the evolution of the financial markets.