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Tokenized Treasurys has grown to a $600 million market, with Ondo Finance’s OUSG token claiming a major share of $140 million since its inception in January. Flux Finance, developed by Ondo’s group and ruled by a decentralized autonomous group (DAO) by means of neighborhood votes, lets buyers take out loans by pledging OUSG as collateral. It has $44 million of complete worth locked on the platform, in line with DefiLlama.
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