Ondo, Securitize and BlackRock pitch OUSG for Sky’s $1 billion tokenization initiative
RWA Signal Insight
U.S. TreasuriesOndo Finance has partnered with BlackRock and Securitize to submit its OUSG tokenized Treasury fund to the Sky Ecosystem’s Spark Tokenization Grand Prix. This initiative aims to onboard $1 billion in tokenized financial assets into the Sky (formerly MakerDAO) ecosystem to diversify its real-world asset holdings. OUSG currently holds over $600 million in total value locked and offers features such as instant redemptions of up to $25 million daily, with plans to double this capacity by year-end. The proposal highlights potential interoperability between OUSG and BlackRock’s BUIDL fund, allowing Sky to rebalance its portfolio between the two assets. By integrating OUSG, Sky gains access to onchain liquidity and exposure to U.S. Treasury yields across both Ethereum and Solana networks. This collaboration underscores a growing trend of institutional-grade RWA products competing for integration into major decentralized finance protocols. The inclusion of a liquidity facility supported by Circle and other partners further strengthens the proposal's appeal for large-scale capital deployment.
Key points
- Ondo Finance submitted OUSG to Sky’s $1 billion Spark Tokenization Grand Prix.
- OUSG currently manages over $600 million in TVL across Ethereum and Solana.
- Proposal enables potential portfolio rebalancing between OUSG and BlackRock’s BUIDL fund.
- Daily redemption capacity for OUSG is set to increase to $50 million by year-end.
Background
Ondo Finance provides institutional-grade, tokenized financial products, most notably OUSG, which offers exposure to U.S. Treasuries. Sky, formerly known as MakerDAO, is a decentralized finance protocol that manages the DAI stablecoin and utilizes real-world assets to back its reserves and generate yield.