LayerZero helps Ondo Finance achieve cross-chain transfer of US Treasuries

远山洞见2024/12/02 02:41

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LayerZero is a full-chain interoperability protocol designed for lightweight messaging across chains. LayerZero provides trusted and secure messaging with configurable trustlessness.

On November 27th, Ondo Finance and LayerZero reached a cooperation agreement to integrate LayerZero technology to achieve the free transfer of the US Treasuries token product USDY on chains such as Ethereum, Arbitrum, and Mantle.

Ondo Finance currently manages over $600 million in locked positions and is one of the largest RWA (Real World Assets) platforms in the crypto space, offering returns backed by US Treasury bonds. LayerZero provides institutional-grade security and uses Distributed Verification Networks (DVNs) to ensure the security and efficiency of asset transfers. Additionally, users can now seamlessly transfer USDY assets across multiple chains through LayerZero-supported native bridging and Stargate Finance.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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