Ondo Invests in Figure to Power OUSG and Onchain Finance
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Ondo Finance, a popular DeFi platform, is pleased to announce the huge investment of $25M into Figure’s YLDS to Power OUSG, its flagship tokenized fund. The main aim of this partnership is to bring onchain finance, which is the collective mission of Ondo and Figure.
OUSG is a multi-chain tokenized fund that already holds more than $780 million in total value locked (TVL), offering 24/7 subscriptions and redemptions at the spot. Moreover, it offers daily interest accruals and low fees supported by Ethereum, Solana, Ripple, and Polygon. Ondo Finance has released this news through its official X account.
Ondo Finance Expands OUSG’s Yield with Figure’s YLDS Stablecoin
Adding YLDS expands the fund’s yield sources, accompanied by industry leaders such as BlackRock, Fidelity, Franklin Templeton, WisdomTree, FundBridge Capital, and many more. In short, this partnership expands the yield opportunities by generating stablecoin into OUSG, empowering token holders.
On the other hand, like other tokens in the crypto industry, OUSG remains to operate seamlessly across multiple blockchains. Simultaneously, the alliance of Ondo and Figure’s mission is to connect traditional finance products fully onchain, making them more accessible, transparent, and liquid.
Ondo Finance and Figure Set New Standards for Onchain Liquidity and Yield
The unification of Ondo Finance and Figure is purposefully made to empower the OUSG’s yield sources. OUSG is famous in the industry and is more adaptable among users in the liquidity features. Both platforms are setting a new era of developments for the compliance of users and making their names in golden words.
They are trying to make a strong bridge between traditional finance and blockchain innovations. The interesting thing about the partnership is the services of both platforms that are available 24/7 for subscriptions and redemptions.
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