Daan de Rover: Ondo launches tokenized treasury on Sei
@rovercrc: Ondo launches USDY on Sei
Daan de Rover, a prominent figure in the cryptocurrency space, has announced the launch of Ondo's largest tokenized treasury product, USDY, on the Sei blockchain. The USDY token represents over $685 million in value, deriving real-world yields from short-term U.S. Treasuries. This move leverages Sei's high-performance, institutional-grade infrastructure, marking a significant milestone in the tokenized asset market, currently valued at $7 billion. Ondo's initiative underscores the growing trend of integrating traditional financial products with decentralized finance (DeFi) ecosystems.
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Ondo’s entry into tokenized treasuries highlights a broader momentum in digital asset innovation, building on trends such as surging institutional interest and evolving market strategies. These developments follow a period of heightened attention to major players’ trading activities, exemplified by Daan de Rover’s recent increase in leverage on Ethereum trades with a $4,000 target, as well as headline-driving events like Tether’s rapid minting of 2 billion USDT. Collectively, such milestones underscore the dynamic interplay between traditional finance and emerging blockchain infrastructures.
In the previous news, tweet author Daan de Rover discussed Tether's activities in the crypto market. Details are being clarified.
