Ondo Finance has transferred 95 million US dollars to BlackRock's tokenized fund

According to TechFlow news, Nathan Allman, CEO of RWA platform Ondo Finance, stated that Ondo Finance is transferring $95 million in assets to BlackRock's new tokenized fund BUIDL. This allows its own US Treasury-backed token (OUSG) to be settled instantly.

Allman added that over the past few days, Ondo has transferred $15 million of OUSG-supported assets to BlackRock's BUIDL and plans to transfer another $80 million before the end of Wednesday.

Previously reported, RWA protocol Ondo Finance announced the launch of 24/7/365 instant investment and redemption for its OUSG tokens. It will also introduce a new form of token called rOUSG-OUSG which offers a constant minting/redemption price at $1.00 per share. Investors can convert through their website or on-chain.