Ondo Finance and Aptos Foundation Announce Partnership to Tokenize RWAs. đ€đ
Ondo Finance and Aptos Foundation have united in a strategic alliance, aiming to reshape the integration of real-world assets (RWAs) using blockchain technology. With ties to financial giants like Blackrock and Goldman Sachs, this collaboration brings together unparalleled expertise.
Led by Goldman Sachs's Digital Assets veterans, Ondo Finance collaborates with institutional-grade service providers, including Blackrock. Aptos Foundation, founded by ex-Meta engineers, utilizes the Move programming language for safety and flexibility in financial applications.
Ondo's tokenized US Treasuries product, USDY, is set to integrate onto the Aptos blockchain, expanding beyond Ethereum, Solana, and Mantle. The collaboration aims to develop new staking processes, enhancing utility and capital efficiency on the Aptos platform.
Ondo and Aptos envision a seamless blend of traditional finance and blockchain technology. The partnership explores solutions integrating on-chain native and real-world asset yields, bridging the gap between conventional financial markets and the emerging blockchain ecosystem.
Ondo expands the Aptos ecosystem through a significant integration with Thala, a decentralized finance protocol. USDY will launch in Thala's AMM pools, providing enhanced liquidity options. Thala plans to whitelist USDY as collateral for Collateralized Debt Positions (CDP), showcasing the stablecoin's utility in DeFi.
Nathan Allman, CEO of Ondo Finance, expresses excitement, anticipating groundbreaking financial products. Bashar Lazaar, Head of Grants & Ecosystem at Aptos Foundation, highlights the step forward for accessible and seamless financial services.
đčAbout Aptos Foundation and Ondo:
Aptos Foundation promotes decentralization and global blockchain education. Ondo Finance provides institutional-grade, blockchain-enabled investment products, focusing on tokenized cash equivalents.
