Ondo Finance's flagship product, the USD Yield Token (USDY), has been launched on the Sei network

USDY is the first tokenized U.S. Treasury on Sei, providing users with a composable, yield-generating asset backed by U.S. Treasuries. As one of the most widely used tokenized Treasury assets, with a market capitalization exceeding $1.28 billion, ONDO USDY brings an institutionally recognized asset to Sei's high-performance platform.

USDY unlocks complex use cases for users in areas such as payments, savings, collateral, and DeFi. Ondo, along with institutions like BlackRock, Apollo, Hamilton Lane, and Nomura, is bringing tokenized assets to Sei's high-performance platform.