OUSG, issued by Ondo Finance, is a cash management and settlement tool for global institutions and high-net-worth individuals (including institutions and high-net-worth individuals within the United States). It has a licensed secondary market and is structured as an investment fund. OUSG was previously invested in the short-term government bond ETF (code: SHV) issued by BlackRock and tokenized on the chain. Ondo Finance recently announced that it will reallocate most of OUSG’s assets to BUIDL, stating that the tokenization of traditional securities on public blockchains represents the next major step in the evolution of financial markets.
BlackRock's BUIDL Entry Empowers Tokenization of Over $1.1 Billion US Government Bonds