Ondo Finance will launch its first tokenized US bond fund on Sei

According to The Block, Ondo Finance, a real-world asset agreement, announced on Thursday that it will launch its USD yield fund USDY on the Sei network. The Ondo team emphasized that this is the first token based US treasury bond bond product on the extensible blockchain. Ondo has a close relationship with the World Liberty Financial project supported by the Trump family, which has purchased ONDO tokens as its strategic token reserve.