Tokenized Real World Assets (RWA) platform Ondo Finance is expanding from the Ethereum mainnet to the Polygon network. The platform has issued OUSG tokens, a tokenized version of BlackRock’s short-term U.S. government bond exchange-traded fund, natively on Polygon as part of a “strategic alliance.” The firm also plans to bring its upcoming tokenized money market fund OMMF, as well as Flux Finance, a decentralized lending marketplace developed by Ondo (pending governance approval), to Polygon.

Ondo’s OUSG token is said to be one of the largest on-chain tokenized treasury offerings and already manages $134 million in assets on ethereum.