Wellington Management, one of the largest independent asset managers with over $1 trillion under management, has teamed up with Ondo Finance to provide liquidity for a new tokenized U.S. Treasury bond fund. This fund is part of the Libeara initiative, SC Ventures' tokenization platform, which integrates traditional assets into blockchain.
The collaboration will enable Wellington to leverage Ondo Finance's intraday redemption technology, which is essential for using the fund as collateral and for international settlements. The 24/7 technology will allow investors to exit their positions at any time.
The Delta Wellington Ultra Short Treasury On-Chain Fund is based on the principles of the SGD Delta Fund, the first tokenized fund rated Aa by Moody’s, confirming the security and stability of its structure.
"We are excited to partner with Wellington to provide 24/7 liquidity for tokenized assets," said Nathan Allman, CEO of Ondo Finance. Ondo Finance continues to work with other asset managers on redemption opportunities, fostering the development of blockchain-based asset management.