Ondo Finance and Fidelity have showcased a new achievement in tokenized financial products, highlighting growing interest among major institutions in blockchain.
Tokenization in Traditional Finance
Tokenization is gaining popularity in the financial industry. Fidelity's entry into this space indicates that established institutions are beginning to leverage blockchain technology for enhanced efficiency and liquidity.
OUSG: Access to Tokenized U.S. Treasuries
The OUSG fund from Ondo Finance has played a key role in providing structure and financial support for the adoption of tokenization. Since its launch in January 2023, OUSG has attracted over $730 million and offers investors advantageous conditions including instant subscriptions and low fees.
Fidelity and Its New FDIT
Fidelity, a $12 trillion asset manager, has announced the launch of the Fidelity Digital Interest Token (FDIT), which has already attracted $203 million on the blockchain. This positions the company among the largest providers of tokenized products.
Thus, the collaboration between Fidelity and Ondo Finance underscores new trends in integrating traditional finance into the world of tokenization and blockchain.
