Ondo Finance to Integrate USDY on Aptos Blockchain, Redefining DeFi

Leaders in the DeFi space Ondo Finance and Aptos Foundation have announced a strategic partnership aimed at reshaping the ecosystem of blockchain finance. The collaboration sets the stage for the integration of real-world assets with blockchain technology, marking a significant milestone in the evolution of decentralized finance (DeFi).

At the core of this partnership is the integration of Ondo’s tokenized U.S. Treasuries product, USDY, onto the Aptos blockchain. This initial step paves the way for a series of innovative financial products that leverage the strengths of both organizations. Notably, USDY, which currently exists natively on Ethereum, Solana, and Mantle, will now find a new home on Aptos, opening up exciting possibilities for the DeFi ecosystem.

Looking beyond the immediate integration, Ondo and Aptos are exploring novel solutions that combine on-chain native and real-world asset yields. This includes the development of new staking and re-staking processes to enhance the utility of tokenized assets and improve the capital efficiency of supporting platforms.

Aptos, founded by ex-Meta engineers, boasts a Move programming language tailored for safety and flexibility in financial applications. The Move Prover and pre-transaction transparency features ensure enhanced security and efficiency, setting new standards in the DeFi space.

Ondo Finance, backed by veterans of Goldman Sachs’s Digital Assets team, brings a wealth of experience in traditional finance to the table. This, coupled with a forward-thinking approach to DeFi, positions Ondo as a key player in bridging the gap between conventional financial markets and the emerging blockchain ecosystem.

Nathan Lallman, CEO of Ondo Finance, expressed enthusiasm about the collaboration, highlighting the potential to deliver groundbreaking financial products. Bashar Lazaar, Head of Grants & Ecosystem at Aptos Foundation, echoed this sentiment, emphasizing the partnership’s role in advancing accessible and seamless financial services.

Furthermore, Ondo is expanding the Aptos ecosystem through a significant integration with Thala Labs, a decentralized finance protocol. This collaboration will see USDY launching in Thala’s AMM pools, providing users with enhanced liquidity options and solidifying USDY’s position as a trusted asset within the DeFi ecosystem.

Adam Cader, Co-Founder of Thala Labs, welcomed the partnership, noting its contribution to diversifying assets within their ecosystem and reinforcing their commitment to secure and capital-efficient DeFi solutions. Apart from this, Ondo Finance has been taking massive steps into the blockchain finance space, most recently Ondo Finance brought USDY to layer 1 blockchain Sui.