Ondo Finance, a tokenized real-world asset (RWA) platform, has built-in its tokenized U.S. treasury-backed product (USDY) onto Layer-1 Aptos.
Aptos, which was based by ex-Meta staff Mo Shaikh and Avery Ching, is the most recent community to supply Ondo’s USDY. The U.S. greenback yield token can be obtainable on Ethereum, Solana and Mantle.
USDY is a token secured by short-term U.S. Treasuries and financial institution demand deposits.
The USDY integration is a part of a wider partnership between Ondo and the Aptos Basis. Each companies will discover options that mix on-chain and real-world asset yields onto Aptos.
“It will embody growing new staking and re-staking processes that enhance the utility of tokenized property and the capital effectivity of the platforms that help them,” the press launch mentioned.
“A partnership solid within the spirit of redefining digital finance, Ondo Finance’s native integration onto Aptos is a step ahead for accessible and seamless monetary providers,” mentioned Bashar Lazaar, head of grants and ecosystem at Aptos Basis.
Ondo can even combine with Thala, a decentralized finance (DeFi) protocol constructed on Aptos. USDY will go stay on Thala’s automated market maker swimming pools, providing higher liquidity choices for customers.
Thala is the biggest Aptos-based protocol when it comes to complete worth locked (TVL), in response to information from DeFiLlama.
