Ondo Finance Reaches $3 Billion in Tokenized U.S. Treasury Assets

Ondo Finance’s tokenized U.S. Treasury assets reached $3 billion, ranking the platform first in the tokenized Treasury market by total assets. The total includes USDY, OUSG and tokenized U.S. Treasury ETFs. USDY was valued at about $2.328 billion, above BlackRock’s BUIDL at about $2.204 billion. OUSG held about $319 million. USYC was the largest single tokenized U.S. Treasury product at about $2.384 billion. The broader tokenized U.S. Treasury market stood at about $14.91 billion. The category includes products designed to represent exposure to U.S. government debt through blockchain-based structures.