BiLira Crypto Will Offer Daily US Treasury Bill Opportunity to Investors with Ondo’s USDY

Ondo Finance and BiLira announced that Ondo’s short-term US Treasury bond-secured token, US Dollar Yield (USDY), has been listed on BiLira Crypto.

This marks the first time USDY has been listed on a Turkish exchange, marking an important step towards expanding access to Ondo’s tokenized treasury bills for millions of crypto investors in Turkey. BiLira Crypto customers will now have the opportunity to buy USDY from the “Earn” section in the mobile application.

“Ondo and BiLira Offer Strong and Safe Global Financial Opportunities to Investors”

While this launch strengthens Ondo’s mission to make institutional-level financial products and services available to everyone, it also contributes to BiLira’s goal of providing investors in Turkey with access to strong, global and safe investment opportunities.

USDY, which has a locked value of more than $400 million on many blockchains, offers global (non-US) individual and institutional investors both the ease of use provided by stable cryptocurrencies and the opportunity to benefit from the institutional investor protections of traditional finance.

Thus, it provides investors in Turkey with protection against inflation with US dollar-denominated assets while also being backed by US Treasury bonds.

“BiLira Crypto Brings Investors in Turkey to USDY Secured by US Treasury Bills”

Ondo Finance’s Vice President of Business Partnerships, Katie Wheeler, emphasizes the importance of the collaboration with the following statements: “We are very excited that BiLira Kripto is the first crypto exchange to list USDY in Turkey.

We think that expanding into the Turkish market is a big step for us to grow in the region and make real-world assets accessible to international users. BiLira Crypto is now an important access point for investors in Turkey to access corporate returns secured by US Treasury bonds.”

“We are very pleased to offer Turkish investors another powerful financial tool.”

BiLira’s Founding Partner and CEO Sinan Koç said, “As the first exchange to list USDY in Turkey, we are excited to further our mission of providing access to global crypto markets.

USDY offers investors direct access to short-term US Treasury bills and is easily accessible through BiLira Crypto.” he said.

About Ondo Finance

Founded in 2021, Ondo Finance is a US-based technology company focused on making enterprise-grade financial products and services available to everyone. Ondo focuses on both the tokenization of securities and the development of decentralized protocols that improve the use and distribution of these tokens. Ondo’s founding team consists of professionals who previously led the Goldman Sachs Digital Assets team. They work with institutional partners like Blackrock and Morgan Stanley and are backed by top VCs including Ondo Founders Fund, Pantera Capital and Coinbase Ventures.

About BiLira

Founded in 2019, BiLira is a leading crypto technology company based in Türkiye. BiLira entered the Turkish blockchain ecosystem with TRYB, the first stable crypto asset indexed to the Turkish lira, and TRYB has become one of the largest stable cryptocurrencies other than stable cryptocurrencies indexed to the US dollar in terms of market value. In 2024, BiLira launched the crypto exchange named BiLira Crypto, which provides easy and reliable access to global crypto markets and offers advanced financial tools to investors. With the support of leading investors such as Circle Ventures, Ava Labs, 21Shares, Finberg and Delta Blockchain Fund, BiLira recently reached a valuation of 125 million USD.