Tokenized Treasuries has grown to a $600 million market, with Ondo Finance’s OUSG token claiming a significant share of $140 million since its inception in January. Flux Finance, developed by Ondo’s team and governed by a decentralized autonomous organization (DAO) through community votes, lets investors take out loans by pledging OUSG as collateral. It has $44 million of total value locked on the platform, according to DefiLlama.
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