Posted 12/19/2023, 5:23:00 PM
Ondo Finance Brings Tokenized US Treasuries to Solana for Use in DeFi Lending and Borrowing
- Ondo Finance expands tokenized US Treasuries to Solana blockchain and DeFi protocols like Orca and Raydium
- Lets investors use treasury-backed tokens as collateral and for decentralized finance
- Tokenized real-world assets like bonds saw major growth this year to bring traditional assets to blockchains
- Ondo is second largest tokenized treasury issuer behind Franklin Templeton
- With crypto rebound, Ondo expects users to leverage tokens for lending, payments, settlements on Solana