📢 We're thrilled to announce our groundbreaking leap onto @SuiNetwork, bringing our premier tokenized US Treasuries product, $USDY, natively to the Sui community! 📢
This collaboration is set to enhance the accessibility of Real World Assets within Sui's rapidly expanding ecosystem.
📰 @TheBlock__: https://t.co/kbeDcHDdsO
⚠️ Important: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY also has not been registered under the US Securities Act of 1933.
📈 In less than a year, Sui has emerged as a top 10 DeFi blockchain, showcasing a remarkable 1000% jump in Total Value Locked over just four months. This surge underscores Sui's remarkable potential and highlights the community's dedication to addressing real-world challenges with innovative DeFi solutions.
🪙 USDY is a tokenized note backed by short-term US Treasuries. Holders enjoy the utility of stablecoins while earning yield.
🌐 Sui aligns with Ondo's mission to democratize access to institutional-grade financial products. Sui's mainnet is engineered for exceptional transaction throughput and scalability, thanks to its distinctive object-centric architecture and a delegated proof-of-stake consensus mechanism. Sui swiftly and efficiently processes transactions, providing a fast, high-throughput, and cost-effective platform for USDY.
🗣️ @nathanlallman, CEO of Ondo Finance, expressed his enthusiasm, saying “Sui's remarkable ascent in the DeFi space represents a realization of the promises of blockchain technology and a unique opportunity for us to help contribute to their onchain financial ecosystem. Our collaboration with Sui broadens Ondo's reach and introduces Ondo’s reliable, yield-generating assets to a broader audience, fostering innovation and stability across the ecosystem.”
🗣️ Greg Siourounis, Managing Director of the Sui Foundation, also shared his excitement, stating “Ondo is an amazing addition to the Sui ecosystem, providing a native alternative to stablecoins that will unlock new opportunities for Sui’s builders and developers and essential new functionality for the users of their applications. Sui’s recent growth in DeFi volume was already leading the industry and Ondo’s participation will make that trajectory even stronger. I am excited to see how Sui’s community leverages the real-world assets and innovative financial products Ondo offers.”
🔜 USDY will be incorporated into Sui's leading DeFi protocols, enriching Sui’s ecosystem with stable and liquid investment options. Stay tuned for more updates and collaborations that reinforce our vision of accessible, efficient, and transparent finance within Sui's vibrant ecosystem.
🌏 Non-US investors can onboard to USDY’s primary market at https://t.co/OZGleHLOFU
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🌏 Ondo Finance is thrilled to unveil our strategic expansion into the Asia Pacific region, marking a significant milestone in our journey as the leading provider of tokenized securities worldwide. 🌏
Our foray into Asia Pacific comes at an opportune time, aligning with the region's burgeoning interest in digital assets.
📰 @TheBlock__: https://t.co/kTrcuYfXr8
This move is spurred by factors like a thriving crypto community, evolving regulatory landscapes, and increasing interest in exposure to US assets. Ondo Finance recognizes these compelling factors, coupled with the region's substantial wealth and diverse investor base, as the impetus behind our strategic expansion into this thriving landscape.
Ondo Finance is pleased to introduce Ashwin Khosa as a Vice President of Business Development for the region. With nearly a decade of experience in institutional business development, most recently with five years at @tether and @bitfinex and previously at @Citi, Ashwin brings a wealth of knowledge in onchain finance and an intimate understanding of the Asia Pacific crypto market.
Ashwin shared his enthusiasm, stating, “I’m thrilled to be joining the Ondo team and building out our presence in APAC,”. “The team is top-notch and the mission of bringing real world assets onchain is extremely important. I look forward to working closely with partners in the region to help investors gain access to this next generation of high-quality assets.”
@nathanlallman, CEO, Ondo Finance, also expressed his excitement, saying, “We’re very excited about our expansion into APAC,”. “There is an active and rapidly growing crypto community and an appreciation for the type of high-quality exposure to US assets that our tokens provide.”
This announcement follows a series of significant updates by Ondo Finance in recent weeks, including the unveiling of our strategic roadmap. This roadmap outlines our perspective on the current state of the industry and articulates our high-level plans for the upcoming 24 months.
🗺️ Roadmap: https://t.co/Dhb6sfmz3z
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