Ondo, BlackRock and Securitize pitch OUSG for Sky's $1 billion tokenization initiative
- —OUSG submitted to Spark Tokenization Grand Prix targeting $1 billion in tokenized assets
- —OUSG TVL exceeds $600 million, with daily redemption capacity of $25 million set to double
- —If both OUSG and BUIDL are onboarded, Sky could convert OUSG into BUIDL for rebalancing
- —Liquidity facility backed by BlackRock, Securitize and Circle, with USDS pairs planned
Why it matters: Sky, one of the largest DeFi protocols, could integrate tokenized Treasury assets, deepening the link between DeFi and traditional finance.
Source: Crypto Briefing