Ondo Finance, which offers tokenized U.S. Treasuries on the Ethereum blockchain, expanded the product to the Polygon network.
The company has issued its OUSG token, a tokenized version of BlackRock’s short-term U.S. government bond exchange-traded fund (ETF), natively on Polygon as part of a “strategic alliance,” according to a press release Thursday.
The firm also plans to bring its upcoming yield-generating stablecoin alternative, which is a tokenized money market fund called OMMF, as well as the Ondo-developed decentralized lending marketplace Flux Finance – pending governance approval – to Polygon, Ondo President and Chief Operating Officer Justin Schmidt said in an interview.