Ondo Finance has announced the launch of USDY, its flagship tokenized U.S. Treasury Bill product, on the Sei Network, a high-performance layer 1 blockchain designed for capital-efficient applications. USDY, which holds over $685 million in value and is recognized as the largest tokenized treasury product, will be the first tokenized treasury asset available on the Sei Network. The product offers stablecoin-like accessibility combined with a 4.25% annual percentage yield (APY) and traditional finance-grade protections. Ondo Finance, with more than $1.3 billion in tokenized assets, aims to unlock scalable, on-chain yield at the speed of Sei’s institutional-grade infrastructure. This deployment marks a notable development in the evolution of institutional-grade finance on blockchain platforms.