Ondo Finance Launches First Tokenized Treasury Product USDY on Sei Network

Ondo Finance, an organization specializing within the tokenization of real-world belongings (RWA), has introduced the launch of its flagship product, United States Greenback Yield (USDY), on the Sei Network, a high-speed Layer 1 blockchain. USDY turns into the primary tokenized U.S. Treasury product to be launched on the Sei platform.

USDY is a yield-bearing token backed by short-term U.S. Treasuries and financial institution deposits, providing an annual proportion yield (APY) of 4.25%, up to date month-to-month. The product is designed to satisfy institutional regulatory requirements whereas being suitable with decentralized finance (DeFi) ecosystems. USDY at the moment operates throughout a number of blockchains and has accrued over $680 million in complete worth locked (TVL).

The Sei Network is a high-performance blockchain able to processing 1000’s of transactions per second by way of a parallelized structure. It’s optimized for high-frequency buying and selling and capital-efficient digital asset purposes. Since its mainnet launch in 2023, the community has processed billions of transactions throughout greater than 35 million wallets. It’s at the moment present process a Devnet improve known as “V3 Giga,” which goals to ship as much as 50 instances the efficiency of current EVM chains.

The combination of USDY into the Sei Network is anticipated to allow a number of key use circumstances throughout the Sei ecosystem:

△ Treasury and liquidity administration — Protocols and DAOs can allocate idle stablecoin liquidity into yield-bearing, clear belongings to reinforce capital effectivity.
△ RWA-backed stablecoin utility — USDY gives a regulated, interest-bearing different to conventional stablecoins and can be utilized in Sei-native purposes and on-chain cost flows.
△ Composable DeFi methods — With quick block instances and parallel execution, USDY might be seamlessly built-in into cash markets, decentralized exchanges, and structured merchandise, enabling progressive yield methods backed by real-world belongings.

“Ondo Finance’s launch of USDY on Sei combines an institutional-grade yield product with next-generation execution infrastructure, increasing capital-efficient use circumstances throughout the digital asset ecosystem,” mentioned Nathan Allman, Founder and CEO of Ondo Finance.

“This integration displays rising institutional demand for real-world asset publicity on high-performance Layer 1 chains,” mentioned Justin Barlow, Govt Director of the Sei Improvement Basis. “Sei’s near-instant finality and parallel execution are optimized for institutional monetary merchandise, and USDY is a high-quality, composable yield primitive that unlocks new potential for builders constructing the subsequent era of on-chain purposes.”

This launch aligns with Ondo Finance’s aim of democratizing entry to institutional-grade monetary merchandise, and Sei’s broader imaginative and prescient of constructing scalable infrastructure for high-performance digital asset markets. The addition of USDY comes amid a surge in demand for real-world asset publicity and stablecoin exercise on Sei, additional reinforcing the community’s function as a number one platform for modular on-chain finance.

Individually, the Sei Improvement Basis additionally introduced upcoming help for native USDC and Circle’s Cross-Chain Switch Protocol (CCTP V2), aimed toward strengthening the community’s digital greenback infrastructure and cross-chain performance.

Native USDC can be totally reserved and redeemable 1:1 for U.S. {dollars}, providing a extra clear and dependable stablecoin resolution for Sei’s ecosystem.

Sei will even grow to be the thirteenth blockchain to help CCTP V2, enabling near-instant USDC transfers and automatic post-transfer actions through Hooks. Sei’s parallelized EVM infrastructure gives 400ms finality and is well-suited for classy DeFi and gaming purposes.

Backed by Multicoin Capital, Soar Crypto, and Coinbase Ventures, Sei continues to construct a modular monetary ecosystem centered on real-world asset integration and high-throughput execution.

The mixed launch of USDY and the combination of native USDC and CCTP V2 is anticipated to place Sei as a central hub for real-world asset-based digital monetary merchandise and infrastructure.