Mastercard has chosen Ondo Finance as its first partner for real-world asset tokenization, providing businesses access to vetted tokenized products.
Partnership Initiation with Mastercard
Ondo Finance will join Mastercard's Multi-Token Network (MTN), offering businesses access to tokenized products. The initial offering includes the Short-Term US Government Treasuries Fund (OUSG), based on BlackRock's fund.
Benefits and Features of Tokenized US Treasuries
Ondo Finance offers yield-bearing tokens through a straightforward onboarding process, eliminating the need for crypto conversion. The partnership with MTN simplifies acquisition and settlements, enhancing investments with low on-chain transaction costs.
Growth of the Tokenized Treasuries Sector
The tokenized US treasuries sector is rapidly expanding, reaching over $3.9 billion. Companies like BlackRock continue to lead the development in this sector.
The tokenization of US treasuries is gaining traction, and the Mastercard-Ondo Finance partnership paves the way for businesses to explore innovative tokenized solutions.
