Wellington cooperates with Ondo Finance for tokenized US state bond funds

Wellington Management, an asset manager with a wealth of over $ 1 trillion, has a partnership with Ondo Finance announced .

The aim of the collaboration is to enable intraday returns for a newly presented tokenized US treasure fund. Ondo is a decentralized financial protocol that records fast growth on the market for tokenized assets.

Ondo and Wellington are merging for new tokenized funds

The fund in question is the Delta Wellington Ultra Short Treasury On-Chain Fund or Ultra, which the Libeara tokenization platform supported by Standard Chartered has launched in cooperation with the fund management infrastructure company Fundbridge Capital.

The Delta Wellington Ultra Short Treasury On-Chain Fund is active on the Ethereum blockchain. However, the issuers plan to expand it on Arbitrum, Avalanche and Solana.

As part of the partnership between Wellington Management and Ondo Finance, the latter will offer the technology that enables intraday returns.

1/ Wellington Management Partners with Ondo Finance to Provide Intraday Redemptions for Tokenized US Treasury Fund

Wellington Management (@Wellington_Mgmt) one of the world’s largest independent asset managers with over $1 trillion in assets, has partnered with Ondo Finance to… pic.twitter.com/dy1tefMxxM

— Ondo Finance (@OndoFinance) October 30, 2024

In this way, investors can enter and close positions at any time. Ondo and Wellington see this as a crucial step to improve the use of the fund in the entire web3.

“By enables Ondo Finance around the clock to be liquidity, it is ensured that tokenized assets can be used most effectively as collateral and for cross -border handling, also in the ecosystem of digital assets,” said Nathan Allman, CEO of Ondo Finance.

Ondo has ONDO US DOLLAR YIILD (USDY) and ONDO SHORT Term US Government Bond Fund (OUSG), two of the most important tokenized US state bond funds.

Sea rwa.xyz have USDY and OUSG market capitalizations of $ 444 million or $ 205 million. However, this is remarkable in a market that is currently just over $ 2.43 billion.

The USD Institutional Digital Liquidity Fund (Buidl) from Blackrock is the largest with over $ 533 million.