What is Ondo Finance OUSG (Tokenized US Treasuries)?

In the United States, government debt is issued by the Treasury as securities that finance government spending. Tokenization is the idea of representing real financial assets, such as bonds, as digital tokens whose transactions are recorded on a blockchain ledger. OUSG, short for Ondo Short-Term US Government Treasuries, is a tokenized product. Ondo's documentation describes it as providing liquid exposure primarily to short-term US Treasuries, as well as government-sponsored enterprise securities, with 24/7 tokenized subscriptions and redemptions. Ondo's own product page says it is offered to Qualified Purchasers, so it is not a general retail product.

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