Ondo Finance Partners with Trillion Dollar Wellington Management

The partnership will allow Wellington to launch its own tokenized U.S. Treasury Fund, known as the Delta Wellington Ultra Short Treasury On-Chain Fund.

The tokenization effort is spearheaded by Libeara, which is backed by Standard Charter’s venture arm. Ondo will provide 24/7 redemption capabilities, allowing investors to manage or exit positions at any time, with the goal of facilitating use within Decentralized Finance (DeFi).

“By enabling 24/7 redemptions, Ondo Finance is ensuring that tokenized assets can be most effectively used as collateral and for cross-border settlement, including in the digital assets ecosystem,” Ondo Finance CEO Nathan Allman said.

The RWA market continues to expand, gaining over 60% in 2024 alone to over $13 billion in asets.

Ondo also works with BlackRock, the largest asset management firm in the world, by supporting redemptions to the BUIDL fund. BUIDL is the largest tokenized treasury fund with a $533 million market capitalization.