Bitcoin re-staking project BounceBit has integrated Ondo Finance’s tokenized real-world assets into its CeDeFi V2 platform.
The collaboration signifies a significant move towards BounceBit’s vision for 2025, which aims to merge real-world assets with decentralized finance to create institutional-grade yield opportunities, according to a BouneBit update.
Real-world asset tokenization is the process of creating blockchain-based digital tokens that represent ownership or shares of physical or financial assets like real estate, commodities, or bonds.
We are integrating with @OndoFinance to bring tokenized RWAs to BounceBit.
This opens the path to our 2025 vision: institutional-grade yield combining RWA with CeDeFi.
More than RWA – 𝐚 𝐧𝐞𝐰 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐩𝐚𝐫𝐚𝐝𝐢𝐠𝐦. pic.twitter.com/KsKfnBpadk
— BounceBit (@bounce_bit) December 10, 2024
Ondo Finance and tokenization
Ondo Finance (ONDO), known for its tokenized US Treasuries, contributes over $600 million in total value locked across various blockchains into BounceBit’s ecosystem. The USDY vault, which is supported by US Treasuries, offers non-US users variable interest rates and daily liquidity.
Recently, Wellington Management partnered with Ondo Finance to enhance liquidity for its tokenized U.S. Treasury Fund, which enables blockchain-based digital representations of Treasury bond shares. This initiative integrates traditional financial assets onto the blockchain for easier access and management.
The USDY vault boasts institutional-grade security and adjusts interest rates monthly, reflecting BounceBit’s dedication to providing dependable financial products.
