Tokenized Treasurys has grown to a $600 million market, with Ondo Finance’s OUSG token claiming a big share of $134 million since its inception in January. Flux Finance, developed by Ondo’s group and ruled by a decentralized autonomous group (DAO) via group votes, lets buyers take out loans by pledging OUSG as collateral. It has $44 million of complete worth locked on the platform, based on DefiLlama.
