Ondo Finance partners with Libeara to provide same-day liquidity to on-chain short-term Treasury funds

Ondo Finance announced a partnership with SC Ventures-backed Libeara and Wellington Management to launch the Delta Wellington Ultra Short Treasury On-Chain Fund (ULTRA Fund) to provide same-day redemption services. The fund will leverage Ondo Finance's 24/7 redemption technology to provide investors with a more flexible exit mechanism and enhance the usefulness of the fund as collateral for cross-border settlements. Based on the Moody's Aa-rated Delta fund, the fund provides institutional investors with a stable choice of on-chain assets and drives the process of onboarding traditional assets.