Ondo Finance, a tokenized real-world asset (RWA) platform, has built-in its tokenized US Treasury-backed product (USDY) into Layer-1 Aptos.
Aptos, that is it Based by ex-Meta staff Mo Shaikh and Avery Ching, is the most recent community to supply Ondo’s USDY. The US greenback yield token can be out there on Ethereum, Solana and Mantel.
USDY is a token secured by short-term US authorities bonds and demand financial institution deposits.
The USDY integration is a part of a broader partnership between Ondo and the Aptos Basis. Each corporations will discover options that mix on-chain and real-world asset returns on Aptos.
“This consists of creating new staking and re-staking processes that enhance the usability of tokenized property and the capital effectivity of the platforms that assist them,” the press launch mentioned.
“A partnership solid within the spirit of redefining digital finance, the native integration of Ondo Finance into Aptos is a step ahead for accessible and seamless monetary providers,” mentioned Bashar Lazaar, head of grants and ecosystem at Aptos Basis.
Ondo may also combine with Thala, a decentralized finance (DeFi) protocol constructed on Aptos. USDY goes reside on Thala’s automated market maker swimming pools, which give customers with higher liquidity choices.
Thala is the biggest Aptos-based protocol by way of whole worth locked (TVL), in keeping with information from DeFiLlama.