Recently, Ondo Finance announced two major innovations. Firstly, the Ondo Global Markets (Ondo GM) platform has been officially launched, marking that global investors will be able to access US public securities on the chain through blockchain technology implementation. The platform will tokenize assets to enable traditional financial instruments such as stocks, bonds, and ETFs to achieve on-chain liquidity, further breaking the high fees, access restrictions, and platform fragmentation of existing Capital Markets, and creating a more open and transparent trading environment for all market participants.
Meanwhile, Ondo Finance also announced the launch of its innovative income-based stablecoin USDY on Go Network, and is working closely with BitGo. Users will be able to store USDY in BitGo's secure environment, providing stronger asset protection. The launch of USDY stablecoin not only brings higher liquidity to the market, but also provides more opportunities for income-based investors. Users can realize asset appreciation in the decentralized finance field and enjoy convenient cross-platform liquidity through Go Network.
Ondo Finance's two initiatives mark its forward-looking layout in the field of traditional finance and blockchain technology integration. The launch of Ondo GM platform and USDY stablecoin will provide global users with more efficient, secure, and transparent financial products, promoting the decentralization and globalization of the cryptocurrency market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.