Now, Ondo Finance has taken a major step forward in bridging traditional finance with crypto by enabling instant conversions between Ondo Short-Term US Government Treasuries (OUSG) and PayPal USD (PYUSD).

Seamless 24/7 Conversions Between Stablecoin and Treasuries

With the new feature, users can now mint OUSG using PYUSD and instantly redeem their holdings back to PYUSD—24/7. The $25 million facility supporting these conversions makes it one of the largest gateways between stablecoins and tokenized money market funds.

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Nathan Allman, CEO of Ondo Finance, stated: “Enabling OUSG to PYUSD redemptions expands our clients’ trusted settlement options. We’re proud to deepen our collaboration with PayPal.”

Ondo Nexus: A Major Leap for Tokenized Treasuries

This update also advances Ondo Nexus, a technical initiative focused on enhancing instant redemption liquidity for tokenized treasuries. By incorporating PYUSD, Nexus enables broader support for real-world assets (RWAs), increasing their utility and accessibility.

OUSG now holds over $525m in total value locked and remains the only tokenized treasury product offering fee-free 24/7 redemptions. The fund includes investments in vehicles like BlackRock’s BUIDL, Franklin Templeton’s FOBXX, WisdomTree’s WTGXX, and FundBridge Capital’s ULTRA, all integrated into Ethereum and Solana chains.

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The post Ondo Finance Launches OUSG–PYUSD Conversion appeared first on Coin Engineer.

On April 30, BlackRock filed to launch a DLT-powered share class for its $150 billion Treasury Trust Fund. These shares will record investor ownership on the blockchain as a mirrored ledger.

That same day, Libre announced a plan to tokenize $500 million worth of Telegram debt through a new product called the Telegram Bond Fund (TBF). The fund will be available to accredited investors and can be used as on-chain collateral.

However, the biggest announcement of the week came from Dubai, where MultiBank Group signed a $3 billion tokenization deal with UAE-based real estate giant MAG and blockchain provider Mavryk. This is considered the largest RWA tokenization initiative to date.

Everything Is Lining Up for Tokenization

Eric Piscini, CEO of Hashgraph, told:

“The recent surge isn’t random. It’s happening because everything’s lining up: regulation is getting clearer, the tech is faster and scalable, and major players are actually doing it — BlackRock is tokenizing funds, Citi is exploring digital custody, and Franklin Templeton is tokenizing money markets on public blockchains.”

Institutions like Franklin Templeton, Citi, and BlackRock have already begun issuing tokenized financial products on public blockchain networks.

Marcin Kazmierczak, co-founder of RedStone, said this is proof that tokenization is no longer just theory — it’s being applied in practice by market leaders. As confidence grows, more firms are expected to join in and contribute to innovation and capital flow.

Trump’s Crypto Stance and Softer Regulation Spark Momentum

In the U.S., Donald Trump’s pro-crypto administration has greatly accelerated the pace of tokenization. Trump has promised to “make the U.S. the crypto capital of the world.”

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During the Biden era, the crypto industry faced an intense regulatory crackdown by the SEC and DOJ, causing many firms to withdraw from U.S. markets.

Since Trump’s victory, over a dozen enforcement actions have been paused or dropped. The DOJ also dissolved its dedicated crypto enforcement unit, signaling a softer, more favorable stance toward the sector.

Ethereum Still Dominates, But New Alternatives Are Rising

Ethereum remains the leading blockchain for RWA tokenization. According to RWA.xyz, Ethereum hosts over $4.9 billion in tokenized U.S. Treasuries, out of a total market size of $6.5 billion.

New chains are emerging with dedicated tokenization tools: Canton Network, Plume, and Ondo Chain are building ecosystems purpose-built for compliant digital asset issuance.

Expect Explosive Growth by 2030

Here’s what industry experts forecast:

• Piscini predicts 10% of global financial assets will be tokenized by 2030.
• Kazmierczak estimates the figure could reach 30%.
• STM.co projects the global RWA market will hit $30 to $50 trillion by decade’s end.
• A Tren Finance report says the current $185 billion market (including stablecoins) could grow 50x to $10 trillion.

The next five years could mark the golden era of tokenization.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Tokenization at a Breakout Point: Billion-Dollar Moves Begin appeared first on Coin Engineer.