The tokenization protocol opened its first Hong Kong office last month.
United States Treasury tokenization protocol Ondo Finance predicts the conflux of traditional finance with blockchain technology in the coming years and is expanding its own products accordingly.
Last month, the protocol opened up its first office in Hong Kong to expand its on-chain treasury offerings to Asia Pacific investors. In an interview with Cointelegraph, Nathan Allman, CEO of Ondo Finance, said that tokenized treasuries can have several advantages over simply holding the underlying treasuries themselves.
“Tokenized treasuries can be transferred on-chain, 24/7, including in decentralized and centralized exchanges and over-the-counter,” said Allman. “They can also interact with smart contracts, unlike Treasurys held in a traditional brokerage account, allowing investors to take advantage of DeFi while earning sustainable yield.”
