Ondo

OUSG

USDC

BlackRock

<h4><strong>This strategic reallocation demonstrates the growing intersection between crypto protocols and institutional financial mechanisms. </strong></h4> 
<p>It also underscores the innovative potential of blockchain technology in enhancing asset liquidity and accessibility. Let’s discover this important news for Blackrock.</p> 
<h5><strong>Blending Crypto Innovation with Institutional Finance</strong></h5> 
<p><a href="https://www.coingecko.com/en/coins/ousg" target="_blank" rel="noopener">Ondo’s OUSG token</a> shift to BlackRock’s BUIDL fund moves away from less favorable short-term Treasury bond ETFs. This move is a pioneering example of crypto protocols leveraging traditional financial instruments in a tokenized format. The tokenized BUIDL fund aligns with the crypto market’s 24/7 nature, contrasting traditional stock market hours.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/RWA?src=hash&amp;ref_src=twsrc%5Etfw">#RWA</a> platform <a href="https://twitter.com/OndoFinance?ref_src=twsrc%5Etfw">@OndoFinance</a> plans to move $95 million of assets to BlackRock's tokenized fund to back its <a href="https://twitter.com/search?q=%24OUSG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$OUSG</a> token, aiming to boost redemption time, CEO <a href="https://twitter.com/nathanlallman?ref_src=twsrc%5Etfw">@nathanlallman</a> told CoinDesk. <a href="https://t.co/tkkQ6RZzHb">https://t.co/tkkQ6RZzHb</a></p> 
 <p>— CoinDesk (@CoinDesk) <a href="https://twitter.com/CoinDesk/status/1773534890933322048?ref_src=twsrc%5Etfw">March 29, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Previously tied to traditional market hours by backing from BlackRock’s ETF, the OUSG token faced limitations This was at odds with the crypto market’s 24/7 nature, leading to inefficiencies and a less optimal user experience for OUSG holders.</p> 
<p>By integrating with <a href="https://etherscan.io/token/0x7712c34205737192402172409a8f7ccef8aa2aec" target="_blank" rel="noopener">BlackRock’s BUIDL tokenized fund</a>, Ondo Finance aims to revolutionize the way its token operates. According to Ondo Finance’s CEO, the move to the tokenized fund will make the OUSG token “significantly more usable.” The key benefit being highlighted is the instant, around-the-clock subscriptions and redemptions, a stark departure from the previous model where transactions could only occur during specific hours, adhering to the traditional financial market’s schedule.</p> 
<h5><strong>More About Ondo Finance &amp; BlackRock</strong></h5> 
<p>The move to instant settlements enables 24/7 subscription and redemption, removing the prior T+2-day wait. This could precede more crypto and finance platform integrations, as detailed in an Ondo blog post.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4e2.png" alt="📢" class="wp-smiley" style="height: 1em; max-height: 1em;"> OUSG will soon offer 24/7/365 subscriptions and redemptions via USDC and transition its backing predominantly into the newly launched <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw">@BlackRock</a> USD Institutional Digital Liquidity Fund (BUIDL).<a href="https://t.co/qXmC3Y3adm">https://t.co/qXmC3Y3adm</a></p> 
 <p>— Ondo Finance (@OndoFinance) <a href="https://twitter.com/OndoFinance/status/1773035556277993694?ref_src=twsrc%5Etfw">March 27, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Ondo’s move to <a href="https://www.altcoinbuzz.io/?s=blackrock" target="_blank" rel="noopener">BlackRock’s</a> fund shows the blurring lines between digital and traditional finance. It underscores blockchain’s role in improving financial asset efficiency and accessibility, fostering sector innovation.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/ondo-finance-moves-95m-to-blackrock-for-instant-settlements/">Ondo Finance Moves $95M to BlackRock for Instant Settlements</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Ondo Finance Moves $95M to BlackRock for Instant Settlements

Altcoin Buzz

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