Ondo Finance introduces instant investment and redemption services, OUSG funds switch to BlackRock’s BUIDL

BlockBeats news, on March 28, Ondo Finance announced a major innovation in its OUSG product, introducing instant investment and redemption services, 24 hours a day, all year round. In addition, Ondo also launched a new form of OUSG, rOUSG, which offers a constant minting/redemption price of $1.00 per share and distributes earnings daily through a token re-basing method. Investors can also easily and instantly switch between OUSG and rOUSG through the Ondo website’s conversion tool. The move allows Ondo to further respond to customer feedback: simplifying its products. Ondo’s global cash equivalents offerings will now be simplified to two main products: OUSG and USDY. OUSG is positioned as a cash management and settlement tool for global institutions and high-net-worth individuals, structured as an investment fund; while USDY is a yield-generating stablecoin alternative for non-U.S. individual and institutional investors for savings, payments, and blockchain. on financial applications, structured as secured debt products. As part of this evolution, Ondo is also reallocating the majority of OUSG’s assets into the recently announced BlackRock USD Institutional Digital Liquidity Fund (BUIDL). BlackRock launched its first tokenized fund on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) last Wednesday, BlockBeats previously reported. BUIDL will subscribe to the Fund through Securitize Markets, LLC, providing accredited investors the opportunity to earn U.S. dollar income.