Ex-Goldman Duo Debut Crypto Fund for Treasuries, Bonds
- The fund enables stablecoin investing in US bonds, Treasuries
- Crypto desperately needs capital markets access: Nathan Allman
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Ondo Finance, a decentralized investment platform set up by a pair of former Goldman Sachs Group Inc. associates, has launched a new fund through which holders of stablecoins can invest in bonds and US Treasuries.
The fund will be split between three tokenized share classes, each of which invests in a single exchange-traded fund from either BlackRock Inc. or Pacific Investment Management Co., according to a news release. Neither asset manager is directly involved in the new fund’s management.