Real-World Asset Platform Ondo Finance Expands Tokenized Treasurys to Polygon

📆 2023/07/14 1:02:00
📰 CoinDesk

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Tokenized real-world asset platform OndoFinance is issuing its short-term Treasurys token $OUSG natively on 0xPolygon and also plans to bring its upcoming tokens and DeFi protocol FluxDeFi to the network. By sndr_krisztian

Polygon is a layer 2 scaling network of Ethereum that allows users to transact more cheaply and faster than on the mainnet, which is prone to clogging during times of high blockchain activity, while still relying on Ethereum’s security.

“Ondo Finance building on Polygon is a crucial step toward bridging the gap between DeFi and institutional-grade finance,” said Colin Butler, global head of institutional capital at Polygon Labs.

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