Ondo Finance, which offers tokenized real-world assets, has integrated two of its important products into the Solana (SOL) network.
The 2 most important differences within Ondo Finance tokenized real world asset (RWA) solana based Raydium (RAY), Orca (ORCA) and Jupiter Exchange made available on .
One of the two services offered is stablecoin, which operates as an alternative and US Treasury bonds and backed by bank demand deposits USDY happened. Another service integrated into the network is BlackRock tokenized version of short-term treasury bond ETF OUSG It was recorded as.
by company Tuesday, December 19 made the day in the statementthis step Thanks to the fast and cheap structure of the Solana ecosystem to provide users with a better service by taking advantage of decentralized finance (DeFi) It was stated that it was taken to provide the experience. The founder of Ondo Finance said the following about the integration:
Solana’s DeFi ecosystem has demonstrated great flexibility and growth potential thanks to its innovative scaling and low transaction costs. Integrating Ondo’s offerings with Solana not only aligns with our strategic growth, but also benefits a wide range of developers and users by paving the way for new decentralized finance applications leveraging tokenized U.S. Treasuries.
These tokenized bond services of Ondo were previously only available on the Ethereum layer 2 (L2) network. In Mantle (MNT) and OUSG Polygon (MATIC) It could be used on.
Recently one of the largest stablecoins on the market USD Coin (USDC) issuer circleon Solana Euro announced that it had launched a new stablecoin.