Ondo Finance invests $25M in Figure’s stablecoin to strengthen its OUSG fund
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Real-world asset tokenization platform Ondo Finance has confirmed a $25 million commitment to Figure Certificate Company’s yield-bearing stablecoin YLDS.
According to today’s, November 24, official announcement, the investment will back Ondo’s OUSG tokenized fund and diversify yield sources backing it.
Indeed, adding YLDS magnified OUSG’s yield base as the new stablecoin joins assets issued by leading managers, including BlackRock’s BUILD, WisdomTree’s WTGXX, and Fidelity’s FDIT.
The X post reads:
The addition of YLDS will enhance and diversify the yield source supporting OUSG, building on a portfolio invested in funds from leading asset managers, including BlackRock, Fidelity, Franklin Templeton, WisdomTree, FundBridge Capital, and more.
Boosting OUSG with a stable yield vehicle
You likely know that OUSG is among the pioneers of tokenized treasuries if you’ve been following these trends.
The fund is currently managing more than $1.8 billion in TVL (total value locked).
Notably, Ondo’s fund offers things hardly accessible in traditional finance, including daily interest accrual, instant redemptions and subscriptions, competitive fees, and multi-chain compatibility.
Now, OUSG gains more stability with YLDS. The move represents a strategic move toward complementing (not replacing) traditional players with blockchain-based monetary tools that promise efficiency and top-notch speed.
YLDS stablecoin represents a massive boost to OUSG’s status as the leading on-chain product for enterprise-grade investors
Commenting on their latest allocation, Ondo Finance president Ian De Bode stated:
Figure has built a robust infrastructure for tokenized lending, and integrating $YLDS into OUSG’s yield strategy further diversifies and institutionalizes the ecosystem supporting our products. We’re excited to deepen our partnership as we work together to expand our products and serve institutions on-chain.
The broader picture
The alliance merges two giants. Figure has attracted attention with its dominance on the Provenance blockchain, where it boasts $19 billion worth of on-chain lending.
Meanwhile, Ondo Finance continues to rule real-world assets and tokenized treasuries, with its current TVL above $1.8 billion (DeFiLlama data).
Thus, the $25 million commitment is beyond a usual monetary move.
It reflects a strategic connection that aims to revolutionize on-chain finance.
The investment will enrich Figure’s ecosystem while enriching YLDS’s status as collateral in the Decentralized Prime lending marketplace.
What’s more interesting is that the collaboration comes after Figure’s latest IPO, which marked a breakthrough in the firm’s vision to revolutionize capital markets.
Figure Technology CEO Michael Tannenbaum says:
As both a partner and investor, I see firsthand the authenticity and alignment driving this collaboration. Building on the momentum of our IPO, the exciting Ondo investment is another step toward delivering on that vision.
ONDO price outlook
The alt saw a minor uptick after the partnership announcement.
ONDO is changing hands at $0.4853, with an over 2% increase on its 24-hour price chart.
The digital token lost over 10% of its value the previous week as it mirrored deteriorated broader sentiments.
The post Ondo Finance invests $25M in Figure’s stablecoin to strengthen its OUSG fund appeared first on Invezz
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