Overview
- Ondo Finance will seed the private fund with roughly $200 million, with its OUSG tokenized‑treasury vehicle serving as the anchor investor.
- Subscriptions and redemptions will be processed in PYUSD on a 24/7 basis when sufficient assets are available, reflecting an onchain cash‑management model.
- Access will be limited to Qualified Purchasers, with State Street Bank and Trust Company holding the fund’s treasury assets and Galaxy providing the tokenization infrastructure.
- The partners plan to extend beyond Solana to Stellar and Ethereum, using Chainlink tools to facilitate cross‑chain data and asset movement.
- Coverage notes that the SEC recently closed a two‑year probe into Ondo Finance, removing a near‑term regulatory overhang as the initiative moves forward.