Ondo Finance Launches First Tokenized Treasury Fund on Sei Network, Backed by World Liberty Financial

Ondo Finance has launched its flagship USDY fund on the Sei Network, marking the first tokenized U.S. Treasury product available on this high-performance Layer-1 blockchain.

USDY is backed by short-term U.S. Treasuries and cash deposits, offering an attractive 4.25% annualized percentage yield aimed primarily at non-U.S. investors. The fund currently holds over $680 million in total value locked across multiple blockchains, combining the stability of stablecoins with the yield potential of traditional fixed income instruments.

“By bringing USDY to Sei, we’re combining an institutional-grade product with a next-generation execution layer, enabling capital-efficient use cases for protocols, developers, and users alike,” said Nathan Allman, Founder and CEO of Ondo Finance.

Sei Network’s Technical Edge Powers USDY

The choice of Sei Network as the launch platform highlights its robust capabilities tailored for financial applications. Designed for speed and scalability, Sei Network offers a block finality time of approximately 400 milliseconds and can handle tens of thousands of transactions per second.

This technical advantage makes it an ideal infrastructure for institutional-grade DeFi products like USDY. By integrating with Sei’s ecosystem, USDY enhances liquidity and accessibility, enabling investors to benefit from fast, efficient, and seamless transactions.

Following the launch on July 17, 2025, Ondo Finance’s native ONDO token saw an intraday price increase of approximately 13.7%, rising from $0.95 to a peak of $1.08, reflecting strong market confidence in the project’s growth potential.

Strategic Backing from World Liberty Financial

Ondo maintains a close relationship with World Liberty Financial, a Trump family-backed project that has added ONDO tokens to its strategic reserve. In February, World Liberty acquired nearly $500,000 worth of ONDO tokens, a move that closely coincided with the launch of Ondo’s native Layer-1 blockchain, Ondo Chain, and the debut of its trading platform, Ondo Global Markets. According to Arkham, ONDO currently ranks as the twelfth-largest holding in World Liberty’s portfolio.

While no official public statement has been released regarding this launch, sources familiar with World Liberty Financial suggest that the introduction of USDY on Sei Network marks a significant milestone in broadening institutional-grade financial product accessibility globally.