Ondo Finance integrates layerzero for multi-chain token transfers of US state bonds

This cooperation will enable Ondo to expand the reach of its flagship return product USdy, a tokenized US state bond assets, via several blockchains, including Ethereum, Arbitrum and Mantle.

USDY, which quickly gained importance in the crypto sector, currently has a market capitalization of over $ 452 million and is therefore the third largest tokenized US state bond product.

With a Total Value Locked (TVL) of over $ 600 million, the Ondo RWA product range is now the largest in the crypto industry and offers investors returns that are secured by US state bonds.

By integrating the Omnichain Fungable token Standard (often) of Layerzero, ondo usdy owners can enable smooth, cross-chain crossing transactions without having to shape new tokens in various networks.

By using layerzero technology, it is ensured that every RWA transmission is certainly secured at an institutional level, which is supported by a number of different decentralized verification networks (DVNS) such as Axelar Network, Polyhedra Network and Layerzero Labs. This robust security infrastructure is intended to provide institutional investors to provide its tokenized assets seamlessly via blockchains connected.

The integration also enables usdy owners to use the native bridge from Ondo, which is supported by Layerzero and Stargate Finance, to easily move between chains by Layerzero and Stargate Finance

With plans to expand integration beyond Ethereum, Arbitrum and Mantle, Ondo aims to further expand access to tokenized US state bonds and to increase the efficiency of decentralized financing (Defi).

While Ondo continues to drive innovations in the RWA area, the partnership with Layerzero sets a new standard for safe, cross-chain interoperability and paves the way for further growth in the tokenized markets for real assets.