Ondo Finance Announces New Token, OMMF, Providing Tokenized Exposure to US Money Market Funds, Targeting $100 Billion Stablecoin Market
PR NewswireApr 14, 2023
GREENWICH, Conn., April 13, 2023 /PRNewswire/ -- Ondo Finance today announced a novel token, OMMF, that allows global stablecoin holders to invest in tokenized exposure to US money market funds. OMMF will be purchasable and redeemable for one dollar and backed entirely by US government money market funds. Unlike traditional MMFs, OMMF will be globally transferable 24/7, on the Ethereum public blockchain, and compatible with on-chain financial infrastructure like decentralized lending prot