Ondo Finance partners with Noble to bring its tokenized government bond products to Cosmos

ChainCatcher news, according to CoinDesk, the real-world asset (RWA) tokenization platform Ondo Finance has announced a partnership with the asset issuance chain Noble to bring its tokenized U.S. Treasury product into the Cosmos ecosystem.

It is reported that Ondo's first asset to be issued natively through Noble will be USDY, a tokenized note backed by short-term U.S. Treasuries, with an annual yield of 5.2%, aiming for the end of the second quarter this year.

In addition, USDY is currently available on Ethereum, Solana, Mantle, and Sui.