Ondo, Securitize and BlackRock pitch OUSG for Sky’s $1 billion tokenization initiative

Ondo Finance has teamed up with BlackRock and Securitize to submit OUSG to Sky Ecosystem’s Spark Tokenization Grand Prix, which is targeting $1 billion in tokenized financial assets. Ondo is proposing OUSG as a way for SparkDAO and the wider Sky ecosystem to diversify its RWA holdings while gaining access to onchain liquidity and Treasury exposure. Ondo Finance is proud to collaborate with @BlackRock and @Securitize to have submitted the $OUSG proposal to @SkyEcosystem's (MakerDAO) Spark Tokenization Grand Prix, which aims to onboard $1B in tokenized financial assets. 🏁 🗣️ On the application, Carlos Domingo… https://t.co/XS0T8XrymW — Ondo Finance (@Ondo) September 24, 2024 OUSG currently supports instant subscriptions and redemptions of up to $25 million per day, with capacity planned to expand to $50 million by year-end. It also offers daily interest accruals, low fees, rebasing and non-rebasing options and access across Ethereum and Solana. Ondo said OUSG has more than $600 million in TVL and provides holders with Delaware limited partnership rights through a structure intended to maximize bankruptcy remoteness. The proposal includes a liquidity facility supported by BlackRock, S...