Oondo Finance for the first time in the US Treasury (USDY) on Sei Blockchain

Oondo Finance, designed for institutional class, assets and infrastructure platforms, has presented a new approach to transferring traditional assets to Blockchain.

This SEI’s infrastructure was built to exchange digital assets, and this represents the additional cooperation between its peers in the industry, and the gap between Web2 and Web3.

First

Defi Fund (Defi) ONDO Declare Yesterday at X The Pioneering Project- The first US government bond producer ever on the SEI network. The US dollar’s return is a symbolic note, supported by the American short -term and banking deposits.

In traditional financing (Trafi), US Treasury bonds have long stood “a safe haven.” With the introduction of the distinctive symbol, having bonds will become easier and more efficient through cracking.

The network will give the developers and users alike access to the carrier RWA, and it is smoothly integrated into the Defi Mix expansion in SEI. Regardless of the state of use, whether it is a guarantee, a railway or a basic layer, USDy will enhance the position of the network in the financing space on the RWA series.

He reads an excerpt from the ONDO Blog:

“Usdy will be the first assets of distinctive soy soy bonds on the SEI network, which is an increasing Blockchain ecosystem, bringing the return on the institutional degree level for its users for the first time.”

ONDO steps in the DEFI space He follows The choice of World Liberty Financial for an Ondo symbol as a reserve for strategic assets, features $ 470,000.

The selection of the SEI network comes at a time when it suffers from significant growth, as is the case about to 700 million dollars in the total closed value (TVL), according to data from Defillama.

Compared to the same time last year, the protocol TVL reached about $ 85 million, which represents an increase of 700 %.

“Oondo Finance is setting the asset icon standard in the real world, and we are happy to welcome USDy to the ecosystem SEI,” said Justin Barlo, CEO of the SEI Development Corporation.

Asset symbol in height

The RWA market was suffering Great growth, with data from rwa.xyz Show Increase the total value From $ 11.6 billion to more than 24 billion dollars in only one year.

Known names in the encryption space are taking steps in this direction, as the likes of Cardano from the Argentina mining sector have benefited to convert property rights into lithium into digital symbols.

ChainLink was combined into anz, an Australian bank, to enable the safe exchange of the cross -chain of RWAS via the interfering protocol over the chain (CCIP).

Fidelity investments, one of The largest asset managers in the world With approximately $ 5.9 trillion of assets under management (AUM), it also entered Distinguished symbol race, According to what was reported in search of stablecoins and distinctive treasury products.