Ondo Finance, a company specializing in tokenized real-world assets, has revealed intentions to incorporate $95 million of its own assets into a tokenized fund managed by BlackRock.

In a blog post dated March 27, the company announced its decision to transfer a "significant portion" of the assets backing its OUSG token to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).

This sum represents the entire Total Value Locked (TVL) of OUSG, as outlined in the asset's official overview. The same document suggests that some of the funds may also be allocated to BlackRock's FedFund (TFDXX), the USDC stablecoin, and other investment opportunities.

The OUSG token offers accessible exposure to short-term US Treasuries. Ondo Finance believes that these recent developments "validate its original concept of a tokenized US Treasury fund" and underscore the significance of tokenizing traditional securities in advancing financial markets.

Relying on BUIDL aligns with Ondo's broader strategy to facilitate instant, 24/7 settlement and redemptions.

In parallel, Bloomberg reported that BlackRock's BUIDL accumulated $240 million in its inaugural week of operation.

Real-time data from Arkham Intel indicates that BUIDL's Ethereum address holds a balance exceeding $100 million, primarily comprising USDC used to seed the fund. A portion of this balance, over $141,000, appears to stem from community crypto donations rather than assets linked directly to the fund.

BlackRock launched the BUIDL fund on the Ethereum blockchain on March 19, as confirmed in a regulatory filing. A subsequent public announcement on March 20 detailed the fund's tokenization via the BUIDL token, enabling qualified investors to earn US dollar yields through subscription with Securitize Markets.

The fund allocates 100% of its assets to cash, US Treasury bills, and repurchase agreements. BlackRock has hailed the fund as the "first tokenized fund issued on a public blockchain."