Yield at the Crossroads of DeFi and TradFi

In recent months, one of the most talked-about developments in DeFi has not been a new staking mechanism or a novel AMM design, but something far more familiar: U.S. Treasuries. The difference is that these Treasuries now live on-chain. Platforms like Ondo Finance have been issuing tokens backed by short-term government debt, and demand has been strong. This signals that institutions are beginning to look at DeFi not just as a playground for crypto-native strategies, but as an efficient channel for traditional financial assets.