Summary
Ondo Finance completed a $95 million reallocation of its tokenized short-term bond fund to BUIDL through Securitize, leading to increased capital flows and activity in alternative investment products and listings on Securitize Markets. This move may set a precedent for other broker-dealers and regulated venues in their issuer structuring and strategies.
Key Points
1. On March 27, 2024, Ondo Finance completed a $95 million reallocation of its tokenized short-term bond fund to BUIDL.
2. This move will bring significant capital into the Securitize ecosystem, leading to increased activity and capital flows in surrounding alternative investment products and listings on Securitize Markets’ primary and secondary trading venues.
3. The precedent set by this transaction may influence other broker-dealers, alternative trading systems, and regulated venues in their issuer structuring and strategies.