Ondo Finance is pleased to announce a strategic partnership with the Aptos Foundation aimed at driving innovation in the convergence of real-world assets with blockchain technology on the Aptos_Network. ...
Not only does this partnership mark a major advancement in blockchain finance, but it also brings together two organizations with deep institutional backgrounds and partnerships, including a partnership with theBlackRock (US bank)respond in singingGoldman Sachs Capitalof the partnership.
Important NotesUSDY may not, and may not be, offered, sold or otherwise made available in the United States or to U.S. persons. nor has USDY been registered under the U.S. Securities Act of 1933.
The partnership begins with the native integration of Ondo's tokenized U.S. Treasury product, USDY, onto the Aptos blockchain, laying the groundwork for a series of innovative financial products that leverage the unique strengths of both organizations. Currently, USDY exists natively only on Ether, Solana and Mantle.
Beyond the immediate integrations, Ondo is exploring innovative solutions for combining on-chain native assets with real-world asset returns on Aptos. This includes the development of new pledging and repledging processes to enhance the utility of tokenized assets and the capital efficiency of the platforms that support them.
In addition to instant integration, Ondo is exploring innovative solutions to combine on-chain native assets on Aptos with real-world asset returns. This includes the development of new pledge and repledge processes to improve the utility of tokenized assets and the capital efficiency of the platforms that support them.
Launched by a group of former Meta engineers, Aptos is particularly well suited to this ambitious project thanks to its Move programming language, designed for security and flexibility in financial applications.Aptos' Move Prover and Pre-Trade Transparency features ensure that the integration of $USDY and subsequent financial products will set new standards of security and efficiency in the DeFi space. Aptos
Ondo Finance was founded by veterans of Goldman Sachs' Digital Assets team, working closely with institutional-level service providers such as BlackRock. This foundation in traditional finance, coupled with a forward-thinking approach to DeFi, allows Ondo to effectively bridge the gap between traditional financial markets and the emerging blockchain ecosystem.
The partnership between Ondo and Aptos Foundation is more than just technology integration; it is a strategic alliance to create a seamless experience that combines the reliability of traditional finance with the efficiency and accessibility of blockchain technology. The program will leverage both companies' expertise in finance and blockchain technology to explore innovative solutions for integrating on-chain native and real-world asset returns.
Ondo Finance CEO nathanlallman expressed his excitement about the partnership and said, "Partnering with Aptos, a platform with deep institutional roots and a clear vision for the future of blockchain, enhances our ability to deliver groundbreaking financial products. Together, we will redefine the landscape of digital finance.
BasharLazaar, Head of Grants and Ecosystems at the Aptos Foundation, said, "Ondo Finance is partnering in the spirit of redefining digital finance and the native integration with Aptos is a step forward for accessible and seamless financial services. We are excited that the global community of builders and users will be able to tap into the vast potential of Ondo's technology to progressively move towards ubiquitous open finance.
Ondo further extends the Aptos ecosystem through a major integration with ThalaLabs, the decentralized financial protocol on Aptos. The partnership will enable the launch of $USDY in Thala's AMM pool, thus enhancing liquidity options for users. Additionally, Thala plans to whitelist $USDY as collateral for its Collateralized Debt Position (CDP), highlighting $USDY's utility, portfolios, and trust in the DeFi ecosystem.
adamcader_, co-founder of Thala Labs, shares his enthusiasm, "We are excited to integrate USDY into the Thala ecosystem. The partnership with Ondo Finance not only diversifies the assets available in our AMM pool, but also reinforces our commitment to delivering safe and capital-efficient DeFi solutions.The inclusion of USDY as a trusted collateral option marks a significant step towards achieving this goal.
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