Odaily Planet Daily reported that Omni Network has announced a partnership with Superstate, planning to utilize Superstate's short-term U.S. government securities fund, USTB, as part of its capital management strategy.
Omni Network will use USTB to expand its balance sheet, helping the team optimize its capital management strategy "while maintaining liquidity and flexibility."
USTB is currently a $274 million tokenized treasury product that provides investment exposure to short-term U.S. Treasury bonds. The fund allows holders to effectively manage capital and deploy idle assets to earn returns.