Ondo's USDY is now live on Sei: a perfect combination of tokenized U.S. Treasury bonds and high-performance infrastructure.

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Ondo Finance's flagship yield token—USD Yield Token (USDY), a token backed by tokenized short-term U.S. Treasury bills, is now live on the Sei network.

As the first permissionless tokenized U.S. Treasury product launched on the Sei network, USDY provides retail and institutional users on the network with a direct, permissionless way to access secure, institutional-grade assets backed by short-term U.S. Treasury bills and bank deposits.

Institutional-Grade Asset Foundation

Sei is becoming the global settlement layer for modern finance—a high-performance, low-cost infrastructure designed to meet the rigorous demands of institutional, corporate, and consumer finance. By deploying on Sei's parallelized EVM, Ondo leverages infrastructure capable of achieving 400 milliseconds final confirmation time and 12,500 TPS throughput, providing the certainty and speed required by global markets. With a market capitalization exceeding $1.2 billion, USDY demonstrates significant institutional demand and brings one of the largest pools of capital in the RWA space to Sei.

The tokenized Treasury market has evolved into a $10 billion market as it addresses a real-world problem: idle cash. Global corporate cash balances exceed $8 trillion, and the opportunities are just beginning—USDY is launched on infrastructure designed for future growth.

This integration further solidifies Sei's position as the preferred ecosystem for RWA (real-world assets), with Ondo joining a growing number of world-class asset management firms and infrastructure partners who recognize the value of bringing composable, efficient capital into a rapidly evolving ecosystem like Sei.

This foundation supports a rapidly growing institutional ecosystem, including tokenized funds from BlackRock, Brevan Howard, Hamilton Lane, Nomura's Laser Digital, and Apollo, which are currently operating on the network. Major infrastructure partners such as Circle, Binance, Securitize, KAIO, and Etherscan also support this initiative.

Unlocking the Yield Potential of the Sei Ecosystem

USDY changes the way capital operates on Sei, converting idle funds into high-yield assets. Users and protocols no longer need to hold static stablecoins but can utilize USDY as a versatile financial building block.

The integration of USDY enables seamless value flow throughout the ecosystem—it can serve as high-quality collateral for DeFi lending, provide a stable foundation for institutional savings, and become an interest-bearing medium for global payments. By integrating these functions into a single institutional-grade asset, USDY simplifies liquidity management and expands the possibilities for decentralized finance on Sei.

Key Advantages for Users:

Yield-generating dollar asset: Users can hold USDY to earn yields backed by short-term U.S. Treasury bills, combining sustainable yield generation with price stability.

Global accessibility: Non-U.S. individuals and institutions can access tokenized Treasuries directly on the Sei platform without intermediaries.

Fast execution: Sei's high-performance infrastructure supports efficient capital operations without compromising transaction speed or reliability.

Key Advantages for Developers:

  • Complete ERC-20 compatibility: USDY seamlessly integrates with Sei's EVM, supporting advanced yield strategies, capital management, and capital market products.
  • Secure and efficient collateral: With institutional-grade backing, USDY serves as reliable collateral in lending, trading, and liquidity provision scenarios.
  • Seamless integration: Sei developers can quickly integrate USDY into various DeFi protocols as efficient collateral, capital management assets, or yield-building components.

Ondo Finance President Ian De Bode stated:

_"Expanding _Ondo USDY_ to Sei's high-performance blockchain will broaden global user access to tokenized U.S. Treasuries. From individuals to enterprises, everyone can now leverage high-quality, sustainable, and stable sources of yield on Sei to support numerous use cases in the DeFi ecosystem. This is a key step in making USDY a core element of on-chain finance."_

Sei Foundation Executive Director Justin Barlow remarked:

_"Bringing _Ondo USDY_ to Sei's high-speed, high-throughput platform will enable users to access a high-quality, U.S. Treasury-backed asset for lending, cash management, cross-border payments, and more. Ondo joining the Sei ecosystem is another critical step in bridging the gap between DeFi and traditional finance, all enabled by the world's best-performing crypto infrastructure."_

Real-Time Integration: USDY Available from Day One

USDY will be immediately usable in Sei's DeFi ecosystem upon launch.

Swap: Exchange USDY on Sei's native decentralized exchange DragonSwap, enjoying deep liquidity and minimal slippage.

Lending Market: Use USDY as collateral for lending on Takara Lend or Yei Finance, enhancing capital efficiency while continuing to earn underlying Treasury yields.

Cross-Chain Bridging: Utilize USDY on Sei through LayerZero's full-chain infrastructure—bringing Treasury-backed funds from other ecosystems into Sei's high-performance execution environment or seizing cross-chain opportunities.

These integrations allow USDY to serve as active and composable capital, available for trading, lending, and cross-chain strategies from day one.

Global Finance Converges on Sei

The launch of USDY marks another step in the integration of traditional capital markets with the on-chain economy. As tokenized Treasuries expand globally, Sei provides the infrastructure they need to thrive.

RWA operates faster on Sei.

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