Ondo brings tokenized U.S. Treasury-backed USDY to Sei blockchain

Ondo Finance (ONDO) is launching its yield-bearing, Treasury-backed USDY token on Sei, marking the first tokenized US Treasuries on the chain, according to DL News. The move positions Sei in the growing real-world asset (RWA) market, which has surged to nearly $13 billion. USDY pays a 4.25% annual yield and aims to make institutional-grade products accessible on-chain.