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πΊπΈ Technology & Tradition: US Bond Investment Tokens
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β‘ The cryptocurrency market is in dire need of access to traditional low-risk capital markets. Ondo Finance has created a tokenized fund that will allow stablecoin holders to invest in US bonds and treasuries.
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The project will try to bridge the wild gap between network returns on-chain and off-chain, giving a good chance for investors holding more than $100 billion worth of stablecoins to earn an additional return of 7-10% per year.
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The fund will process daily purchases/sales/exchanges for stablecoins, as well as transactions in traditional fiat, and investors will receive tokens on the Ethereum blockchain, which will be their property. These tokens can be transferred between investors' addresses on the privileged list, and can also be used for any smart contract that passes the eligibility check. Analysts at Ondo Finance suggest that investors will use smart contracts for the chain of a blockchain trading and blockchain lending with fund tokens along with traditional crypto assets.
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The fund will have three tokenized classes, each investing in a single Blackrock or PIMCO ETF. The group of partners in the project is solid: Ondo Finance is supposed to manage the fund, Clear Street offers the services of a main broker and a qualified securities custodian,
Coinbas claims to be a qualified stablecoin custodian, NAV Consulting will be an administrator, and Richey May will be an auditor of the fund.
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Such βtokenizedβ US Treasuries will allow holders of large stakes of stablecoins, including startups and DAOs, to protect their investments from consumer inflation while reducing the risk of storage and profitability in the blockchain.
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Let's see what happens.
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Profits to yβall!