US Treasuries Go Onchain: Ondo’s USDY Fund Debuts on Sei Network

Ondo Finance has officially announced the launch of its USDY fund, backed by short-term US Treasuries and bank deposits, on the Sei Network. Following the news, the ONDO token price jumped by 12. 6%, reflecting strong investor confidence in the expanding potential of the tokenized real-world asset (RWA) sector. Ondo Finance Taps Sei Network for Onchain US Treasuries Rollout This event carries special significance, as it marks the first time a US government bond product has been tokenized on a truly scalable blockchain, Sei Network (SEI) source: https://beincrypto.com/ondo-brings-us-treasuries-on-sei/