RWA platform Ondo expands tokenized treasury bonds from Ethereum mainnet to Polygon

RWA platform Ondo extends tokenized treasury bonds from the Ethereum mainnet to Polygon, and Ondo has issued OUSG, a tokenized version of BlackRock’s short-term U.S. government bond ETF, on the Polygon network. The company also plans to bring its upcoming yield-generating stablecoin alternative, a tokenized money market fund called OMMF, and Flux Finance, a decentralized lending marketplace developed by Ondo (pending governance approval), to Polygon. At present, the market size of tokenized treasury bond products has exceeded 600 million U.S. dollars. Ondo’s OUSG token is one of the largest on-chain tokenized treasury bond products, and has managed 134 million U.S. dollars in assets on Ethereum.