Ondo Finance Integrates Tokenized U.S. Treasuries onto Aptos Platform

Ondo Finance, a platform specializing in tokenized real-world assets (RWA), has recently announced the integration of its tokenized U.S. treasury-backed product, USDY, onto Layer-1 Aptos. This move marks a significant development in the world of decentralized finance (DeFi), as Aptos becomes the latest network to offer Ondo’s USDY alongside Ethereum, Solana, and Mantle.

Founded by former Meta employees Mo Shaikh and Avery Ching, Aptos has quickly gained traction in the crypto space for its innovative approach to blockchain technology. The integration of USDY onto Aptos is part of a broader partnership between Ondo and the Aptos Foundation, aimed at exploring solutions that combine on-chain and real-world asset yields on the platform.

According to a press release, the partnership will focus on developing new staking and re-staking processes to enhance the utility of tokenized assets and improve the capital efficiency of the platforms supporting them. Bashar Lazaar, head of grants and ecosystem at Aptos Foundation, described the collaboration as a step forward in redefining digital finance and making financial services more accessible and seamless.

In addition to the integration with Aptos, Ondo Finance will also collaborate with Thala, a DeFi protocol built on the Aptos network. USDY will be available on Thala’s automated market maker pools, providing users with enhanced liquidity options. Thala currently holds the title of the largest Aptos-based protocol in terms of total value locked (TVL), according to data from DeFiLlama.

Overall, the integration of USDY onto Aptos represents a significant milestone for Ondo Finance and the broader DeFi ecosystem. By expanding its reach to new networks and protocols, Ondo is poised to offer users more diverse and efficient financial services, further solidifying its position as a leading player in the tokenized asset space.