Ondo Finance Integrates Tokenized US Treasury-Backed Product onto Aptos Network
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According to CoinDesk, Ondo Finance, a tokenized real-world asset (RWA) platform, has integrated its tokenized U.S. treasury-backed product (USDY) onto Layer-1 Aptos. Aptos, founded by ex-Meta employees Mo Shaikh and Avery Ching, is the latest network to offer Ondoâs USDY. The U.S. dollar yield token is also available on Ethereum, Solana, and Mantle. USDY is a token secured by short-term U.S. Treasuries and bank demand deposits.
The USDY integration is part of a wider partnership between Ondo and the Aptos Foundation. Both firms will explore solutions that combine on-chain and real-world asset yields onto Aptos. This will include developing new staking and re-staking processes that improve the utility of tokenized assets and the capital efficiency of the platforms that support them. Bashar Lazaar, head of grants and ecosystem at Aptos Foundation, said that Ondo Finance's native integration onto Aptos is a step forward for accessible and seamless financial services.
Ondo will also integrate with Thala, a decentralized finance (DeFi) protocol built on Aptos. USDY will go live on Thalaâs automated market maker pools, offering better liquidity options for users. Thala is the largest Aptos-based protocol in terms of total value locked (TVL), according to data from DeFiLlama.
