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Ondo Finance has introduced USDY, the first tokenized US government bond product on the Sei Network, bridging traditional finance with DeFi. This innovation allows fractional ownership of short-term Treasuries and bank deposits, enhancing accessibility and efficiency. The move aligns with growing institutional interest in real-world asset tokenization.
- USDY is the first tokenized US Treasury product on Sei Network, backed by short-term Treasuries and bank deposits.
- Sei Network's TVL surged 700% year-over-year to nearly $700M, making it an ideal platform for institutional DeFi.
- The RWA market doubled to $24B in 2023, with traditional finance giants like Fidelity entering tokenization.
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