Ondo Finance's on-chain sovereign bond-backed token USDY is about to officially land on the Sei Network.

BlockBeats News, July 18th, According to official sources, RWA tokenization platform Ondo Finance announced that its flagship product — the United States Dollar Yield (USDY) — will officially go live on the Sei Network, becoming the first on-chain treasury bond asset deployed on this high-speed Layer1 blockchain.

USDY is currently deployed on multiple blockchains with a TVL exceeding $680 million, offering an annualized yield of 4.25% (monthly updates). It is aimed at global (excluding the U.S.) individual and institutional investors, combining the liquidity advantage of stablecoins with the high-grade investor protection mechanisms of traditional finance.