BlackRock BUIDL Fund has transferred a total of about 964,000 USDC to Ondo Finance since last night

On October 20, according to Arkham monitoring data, the BlackRock BUIDL Fund tagged address has transferred a total of 964,315,000 USDC to Ondo Finance in three transactions since yesterday evening (the latest of which occurred five hours ago). Transaction data shows that the address in question received 10 million USDC from the Circle hot wallet address two days ago, and that approximately 1.56 million USDC have flowed out over the past two days, bringing the total USDC holdings of BlackRock's BUIDL Fund-tagged address to approximately 88,472,000 USDC.

Ondo Finance has previously announced that it and Blackrock and Securitize submitted a proposal to Sky's (formerly MakerDAO's) Spark Tokenization Competition for the introduction of Ondo's short-term U.S. Treasuries, OUSG, which would provide returns consistent with short-term U.S. Treasuries, with an asset under management of approximately $229 million, according to the report.