UPDATE: USDY by Ondo Finance, the top tokenized treasury product with $685M in value, is coming to $Sei. Tokenized treasuries are still early: $7B today vs. $28T in the U.S. Treasury market. • Ondo manages $1.3B+ in tokenized assets • USDY is backed by short-term U.S. Treasuries • Two formats: USDY (accumulating) and rUSDY (rebasing) RWAs move faster on $Sei.