Ondo Finance and BlackRock jointly proposed to Sky to introduce the former's US Treasury bond fund OUSG

Odaily News Ondo Finance published a post on the X platform stating that it has joined forces with BlackRock and Securitize to submit a proposal to introduce Ondo short-term US Treasury bonds OUSG to Sky (formerly MakerDAO)'s Spark tokenization competition. OUSG is an on-chain financial product that provides returns consistent with short-term US Treasury bonds, with an asset management scale of approximately US$229 million. Ondo hopes that OUSG can become an effective support for Sky's stablecoin USDS and enhance the income and liquidity of the Sky ecosystem.