Komainu launched Ondo, the trusteeship support of two yield treasury bond bond tokens OUSG and USDY
According to Ondo Finance's announcement, digital asset custodian Komainu has supported its two core income based US bond tokens, OUSG and USDY. Institutional investors can now deposit such assets into Komainu's compliant custody platform as an alternative to idle cash management. OUSG is a rights based US bond product aimed at qualified investors, while USDY is a daily interest bearing "quasi stablecoin" aimed at non US institutions, both of which are minted and redeemed in seconds on the chain.