BounceBit partners with Ondo Finance for tokenized real-world assets

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 You might also like: Ripple secures New York regulatory nod for stablecoin 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. You might also like: Goldman Sachs open to Bitcoin, Ethereum market

Source: crypto.news