Share this article
Ondo Finance Brings Tokenized Treasuries to the Cosmos Ecosystem with Noble Integration
Introducing Ondo Finance's offerings to Cosmos "will bring vastly improved utility and liquidity to appchains and their users, all while offering exposure to yielding instruments," Ondo's founder Nathan Allman said.
Updated Apr 18, 2024, 12:00 p.m. Published Apr 18, 2024, 12:00 p.m.
- RWA tokenization platform Ondo Finance has partnered with Cosmos-based Noble chain to bring its tokenized products to Cosmos.
- Ondo is one of the largest players of the booming tokenized Treasury market with $300 million of deposits.
Tokenized real-world asset (RWA) platform Ondo Finance (ONDO) said Thursday that it has teamed up with asset issuance chain Noble to bring its tokenized U.S. Treasury offerings to the Cosmos ecosystem.
The first asset Ondo plans to issue natively via Noble is USDY, a tokenized note backed by short-term U.S. Treasuries offering a 5.2% annual yield, targeting the end of the second quarter of this year, a spokesperson told CoinDesk. USDY is currently available on Ethereum, Solana, Mantle and Sui.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Ondo's expansion to Cosmos means that its token offerings will be integrated to over 90 blockchains in the Cosmos ecosystem, boosting adoption for its products backed by U.S. Treasuries as a yield-earning savings, payment and collateral asset.
Cosmos, often described as the "internet of blockchains," is an interoperability network of individual blockchains including dYdX , Celestia , Sei and Injective . Noble is an application-specific chain within the ecosystem designed to issue native digital assets, and Ondo will use the chain as a "routing hub" for liquidity within the Cosmos ecosystem.
"Having Noble as our issuance partner will bring vastly improved utility and liquidity to appchains and their users, all while offering exposure to yielding instruments,” said Nathan Allman, founder of Ondo Finance.
Ondo Finance is one of the largest players in the $1.2 billion tokenized Treasury market, which has seen significant growth in the past year as crypto investors and digital asset companies sought safe ways to park their blockchain-based cash holdings and earn a yield. Ondo's tokenized offerings attracted over $300 million of deposits since debuting in early 2023.
Recently, traditional asset management giant BlackRock partnered with Securitize to enter the field with a Treasury-backed token BUIDL, which Ondo now uses to back its OUSG token.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Pakistan, Binance Sign MOU to Explore Tokenization of $2B in State Assets: Reuters
The agreement comes as Pakistan accelerates the rollout of a formal crypto regulatory framework and explores blockchain-based distribution of government-owned assets.
What to know:
- Binance plans to tokenize up to $2 billion in bonds, treasury bills, and commodity reserves in Pakistan.
- The initiative is part of Pakistan's effort to use blockchain technology to attract foreign investment and enhance liquidity.
- Pakistan's regulatory actions align with global trends as countries like the UAE and Japan expand crypto exchange licensing rules.
Top Stories
