Disrupting the Game of Investments

There isn’t much that human beings cannot do, but at the same time, there is little we do better than growing on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology emerging as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the goods. The same has turned more and more evident in recent times, and one crypto-themed development should only put that trend on a higher pedestal moving forward.

Ondo Finance, a Greenwich, Connecticut-based crypto player, has officially launched a novel token called OMMF, which will help global stablecoin holders in investing across tokenized exposure to US money market funds. According to certain reports, you can purchase and redeem the all-new OMMF for just one dollar, but that’s not the most interesting feature in play here. To contextualize the statement, we must acknowledge how, unlike traditional MMFs, Ondo’s novel token will be globally transferable, giving the coin holders a chance to do so using Ethereum public blockchain. Boasting enough capabilities to facilitate the stated transfers 24/7, OMMF also remains compatible with on-chain financial infrastructure like decentralized lending protocols. Talk about the way in which Ondo will execute the whole offering on a more actionable level, it will process   subscriptions and redemptions in stablecoins as well as traditional fiat, while simultaneously offering instant redemption on-chain for certain amounts of OMMF. Another detail worth a mention here is how the purchased tokens will be transferrable between whitelisted investor addresses, alongside any smart contract that passes a compliance review.

“By tokenizing money market funds we are able to deliver the price stability and on-chain utility of stablecoins while providing superior investor protections and passing on yield to holders, creating what we believe is a superior store of value, means of settlement, and form of collateral for the on-chain economy,” said Justin Schmidt, President and COO of Ondo Finance.

Staying on smart contracts for a second, they are understood to be a big part of Ondo’s vision, as the company plans on using them to engage in on-chain trading, lending, and settlement with the fund tokens and traditional crypto assets.

Founded in 2021, Ondo Finance has been pioneering the idea of bringing institutional-grade financial products and services on-chain for every investor. Prior to OMMF, the company had launched a tokenized US Treasuries vehicle called OUSG, which delivers its utility by empowering digitally-native institutions to incorporate best practices for cash management. Now, considering US money market funds are currently managing more than $5 trillion, Ondo’s latest product will also have the chance to realize an impact big enough to shake up the entire investing business.

“As the world moves towards a more digital and decentralized future, OMMF represents a longer-term opportunity to provide savers with a superior way to store and transfer wealth.” said Nathan Allman, Founder and CEO of Ondo Finance. “What stablecoins have done for cash, OMMF will do for money market funds, unlocking their potential to be used not just as a store of wealth—their primary current use—but also as a globally-accessible collateral and settlement alternative.”