This article covers the launch of Brevan Howard’s new fund targeting firms with cryptocurrency on their balance sheets, its implications for the market, and the innovative financial instruments offered by Ondo Finance.
Points
- Brevan Howard launches a new fund targeting firms with crypto on balance sheets.
- ONDO token listing on OKX generates significant investor excitement.
- Ondo Finance offers tokenized US Treasury bonds and interest-bearing stablecoins.
Brevan Howard, a prominent asset management firm, has introduced a new fund targeting companies with cryptocurrency on their balance sheets. This move reflects the growing institutional interest in integrating digital assets into traditional financial frameworks.
Meanwhile, ONDO token has been listed on OKX, generating significant excitement among investors. ONDO deposits began on July 29, 2024, with trading launching the same day
Withdrawals for the ONDO token are set to start on July 30, 2024. This listing on OKX marks a significant milestone for Ondo Finance, which offers innovative financial instruments based on real-world assets.
Ondo Finance provides tokenized versions of US Treasury bonds and interest-bearing stablecoins. The OUSG Fund, for example, is a tokenized version of BlackRock’s iShares Short Treasury Bond ETF, offering liquid access to short-term US Treasury bonds. USDY is designed as an interest-bearing stablecoin backed by short-term US Treasury bonds and bank deposits, aiming to offer returns to its holders.
The ONDO token’s total supply is capped at 10 billion units, with the contract address being 0xfAbA6f8e4a5E8Ab82F62fe7C39859FA577269BE3. This new listing expands Ondo Finance’s vision while providing investors with access to innovative financial instruments rooted in real-world assets.
解説
- Brevan Howard’s new fund highlights the increasing institutional interest in cryptocurrencies and their integration into traditional financial systems.
- Ondo Finance’s innovative offerings, such as tokenized US Treasury bonds and interest-bearing stablecoins, provide secure and lucrative investment options.
- The listing of ONDO on OKX signifies growing confidence in Ondo Finance’s financial instruments and opens up new investment opportunities.
- Understanding these developments can help investors identify emerging trends and opportunities in the evolving cryptocurrency market.